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Luda [366]
3 years ago
11

Jim receives the following information on his project: PV = 1000, EV = 1200, AC = 800, BAC = 2000, EAC = 1333. How is the projec

t doing in terms of schedule?
Business
1 answer:
soldier1979 [14.2K]3 years ago
5 0

In terms of schedule, more work has been done than planned.

<u>Explanation:</u>

Given information,

Planned Value = 1000

Earned value = 1200

Actual Cost = 800

Budget at completion = 2000

Estimate at completion = 1333

The following is the explained calculation of estimate at calculation,

Planned Value, also called as Budgeted Cost of Work Scheduled is the unit of task that is supposed to be done within the specified amount of time.

\text{PV} = \text{Percent Complete (planned) }\times\text{ Task Budget}

Budgeted Cost of Work Performed is the earned value and it is the total unit of work that is actually been completed.

\text{EV = Percent Complete (actual)}\times\text{ Task Budget}

Actual cost is stated as the to-date cost of the completed task or work.

\text{AC = Actual Cost of the Task}

Budget at completion is the total budget of the project.

\text{BAC = Project Budget}

Estimate at completion helps to assess whether the project has been done as per the plan.

\text{EAC = AC + (BAC-EV)}\rightarrow800+(2000-1200)\rightarrow1600

Therefore, 1600 is the expected final budget. So, on comparing the given values on the project we can conclude that more work has been done than planned.

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Imagine that you own a property that is exactly 2.2 acres large. You want to sell your property, but your realtor tells you that
BlackZzzverrR [31]

Answer:

8,000 m²

Explanation:

you must first change the size of your lot from acres to square miles = 2.2 acres / 640 acres per square miles = 0.0034375 square miles

now we can convert to square kilometers = 0.0034375 miles x 2.56 square kilometers per square miles 0.0055 square kilometers

there are 1,000,000 m²´per km², so you have 0.0088 km² x 1,000,000 = 8,800 m²

7 0
3 years ago
There’s 15 questions and this is 5.
son4ous [18]
I believe the answer is preparing a list of vegetables to purchase. That’s the only option that makes sense with his job.
4 0
3 years ago
Pasadena Candle Inc. budgeted production of 730,000 candles for the January. Wax is required to produce a candle. Assume 13 ounc
Olin [163]

Answer:

Direct material budget (in pounds)= 588,125

Direct material budget ($)= $941,000

Explanation:

Giving the following information:

Production= 730,000 candles

Direct material required for each unit:

13 ounces of wax

The estimated January 1 wax inventory is 18,600 pounds.

The desired January 31 wax inventory is 13,600 pounds.

Candle wax costs $1.60 per pound.

The direct material purchases are determined by the production requirements, the beginning inventory, and the ending inventory.

First, we need to calculate the amount of wax for the period:

Production= 730,000 candles*13 ounces= 9,490,000 ounces

In pounds= 9,490,000/16= 593,125 pounds.

Direct material budget (in pounds)= Production for the month + ending inventory - beginning inventory

Direct material budget (in pounds)= 593,125 + 13,600 - 18,600= 588,125

Direct material budget ($)= 588,125*1.6= $941,000

5 0
3 years ago
At December 31, 2020, Carter Company had 450,000 shares of common stock issued and outstanding, 350,000 of which had been issued
Dennis_Churaev [7]

Answer:

$3.03

Explanation:

Calculation to determine What should be Twin Rivers' 2020 earnings per common share,

Using this formula

Earnings per common share=

Net Income for 2020/Weighted Average Shares Outstanding

Let plug in the formula

Earnings per common share=$1,160,000/ [(350,000 x 8/12) + (450,000 × 4/12)]

Earnings per common share=$1,160,000/(233,333+150,000)

Earnings per common share=$1,160,000/383,333

Earnings per common share= $3.03

Therefore What should be Twin Rivers' 2020 earnings per common share is $3.03

4 0
3 years ago
Sally Beauty Warehouse uses the perpetual inventory system to account for its merchandise. On Nov 2, it sold $700 of merchandise
Nutka1998 [239]

Answer:

1) Debit sales discounts $14

2) Debit cash $686

3) Credit accounts receivables $700

Explanation:

nov-02 sold 700

terms 2/15 n 30  

                700

Discount            2%

                   14

Net payment  686

Db Cash_____________686

Db Sales discount_______14

Cr Account receivable_______700

7 0
3 years ago
Read 2 more answers
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