Parametric estimation is a techniques that uses a statistical relationship to calculate cost or duration based on historical data and other project parameters
Parametric estimation is a quantitative method (statisitical relationship) used to estimate the project cost, resources, and duration based on historical data and other project parameters.
Parametric estimation models are used when:
- There is precedent
- The model is a unit hence can be scaled up
- The parameters required are easily quantifiable
While the other options of this question is incorrect because:
b. grass roots estimating
Cost estimation done by the individuals who will be performing the task being estimated.
c. empirical estimating
Estimation method in which the data is obtained using empirical formulas. It is usually based on an amalgamation of historical data, assumptions, guesses, and personal experience.
d. analogous estimating
Also called top-down estimating, this is a technique that involves comparing previous projects, personal experiences and cursory cross-referencing observed costs to estimate time resources required. This technique is most useful in the absence of quantifiable data.
You can learn more about project estimation at
brainly.com/question/24322317
#SPJ4
Answer:
Explanation:
In this question ,we take the difference of the per bond value based on the year. The computation is shown below:
During 2015 to During 2017:
= Number of bonds purchased × (December 31, 2017 value - 2015 value)
= 10,000 × ($92 - $61)
= 10,000 × $31
= $310,000
During 2018:
= Number of bonds purchased × (December 31, 2018 value - 2017 value)
= 10,000 × ($146- $92)
= 10,000 × $54
= $540,000
So, the total amount would be
= $310,000 + $540,000
= $850,000
This amount which reflect in the income statement as a realized gain
Answer:
D.
Explanation:
Agency relationship implies that one person referred as principal allows another person agent to take decision or act on former's behalf.
In an agency relationship, the principal delegates decision-making authority to the agent.
Answer:
Judgment will be for Larson. Although a decision by the majority of the partners in a partnership will control in matters concerning the ordinary operations of the firm business, such a decision is not binding if it contravenes the partnership agreement. In this case, the agreement provided that the partners would share profits equally. The decision by Rundles and Kreiger is therefore not effective, since is not based on the unanimous consent of all partners.
