In a project network, the critical path is the sequence of activities which has the longest time. A series of interconnected tasks known as the critical route has a direct impact on the project's completion date.
<h3>What do you men by the project network?</h3>
A project network is a graph that displays the actions, lengths of time, and dependencies among your project's tasks.
Techniques like Gantt charts, PERT charts, and critical path management can be used to form project networks. The project network has a number of paths, but each terminal piece must be located on just one of those paths.
A project's workflow is shown graphically in a project network diagram. A network diagram is a project management chart that lists boxes for activities and roles, followed by arrows that show the timetable and order in which the work must be done.
Therefore, in a project network, the critical path is the sequence of activities which has the longest time. A series of interconnected tasks known as the critical route has a direct impact on the project's completion date.
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<u>Calculation of Breakeven Point:</u>
The breakeven point (units) can be calculated using the following formula:
Breakeven Point (Units) = Total Fixed cost/ (Selling Price- Variable Cost)
It is given that the company produces custom bike license plates and spends $5525 per month in building overhead plus $2.50 per license plate. The plates sell for $5.99 each.
Hence,
Breakeven Point (Units) = 5525 / (5.99-2.50) = 1583.09
Hence we can say that the company must sell <u>1583 plates</u> each month before making the profit.
Answer:
Monthly car loan payment = $414 (Approx.)
Explanation:
Missing information;
Amount borrow = $29,000
NUmber of payment = 7 year x 12 = 84
Rate = 5.3% yearly = 0.053 / 12 monthly
Find:
Monthly car loan payment
Computation:
PV = $29,000
N = 84
r = 0.053/12
FV = 0
PV = (PMT/r)[1 – 1/(1 + r)ⁿ] + FV/(1 + r)ⁿ
29,000 = [PMT/(0.053/12)][1 – 1/(1 + 0.053/12)^84] + 0
PMT = 413.98
Monthly car loan payment = $414 (Approx.)
Establishing international treaties .............................. is a good way to control INTRODUCTION OF INVASIVE SPECIES.
Invasive species are those animal species which are removed from a different ecosystem and are brought to a new ecosystem, where they cause damages to other species which originally inhabit the ecosystem. Invasive species can wipe out the native species thus disrupting the ecosystem.