Answer:
A. True
Explanation:
In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.
Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;
I. Value.
II. Vision.
III. Mission.
Basically, strategic controls are subjective criteria that are developed by a business firm so as to verify and ensure that the business firm has implemented the appropriate strategies for the conditions in the external environment and the competitive advantages of the business firm.
Answer:
Acitivy B should be crashed first by 2 days and Activity B has a crash cost per days of $25, it will be crashed for a total of $50.
Explanation:
activity A =
normal time (NT) = 5 days
Normal cost (NC) = $0
crash time (CT) = 3 days
Crash cost (CC) = $500
crash cost per day = [CC - NC]/[CT - NT] = $250/day
activity B:
normal time (NT) = 6 days
Normal cost (NC) = $0
crash time (CT) = 4 days
Crash cost (CC) = $50
crash cost per day = [CC - NC]/[CT - NT] = $25/day
activity C:
normal time (NT) = 8 days
Normal cost (NC) = $0
crash time (CT) = 3 days
Crash cost (CC) = $1000
crash cost per day = [CC - NC]/[ CT- NT] = $200/day
The activity that takes the least cost to speed up is the first one to be crashed. from the computations, activity B takes the least cost to speed up, so the project manager should crash activity B first by 2 days.
Therefore, Acitivy B should be crashed first by 2 days and Activity B has a crash cost per days of $25, it will be crashed for a total of $50.
Answer and Explanation:
The journal entries are shown below:
1. Allowance for doubtful Accounts Dr $3,500
To Accounts receivable $3,500
(Being the allowance for doubtful account is recorded)
2. Accounts receivable Dr $3,500
To Allowance for doubtful Accounts $3,500
(Being the written off amount is recorded)
3. Cash Dr $3,500
To Account receivable $3,500
(Being the cash collection is recorded)
Only these 3 entries are required
I’m going to with “fall until the demand rises. Because google says “If the supply increases, the prices decreases.” Meaning until the demand is higher then the supply the prices will get decrease.
