Hi!
An agreement among firms regarding price and/or production levels is called collusion. =)
Answer: CPM and PERT use different activity time estimates.
Explanation:
Program (Project) Management and Review Technique (PERT) is appropriate when the project time needed to complete different activities are unknown while the Critical Path Method or CPM is fitted for recurring projects in nature. PERT deals with activities that are not predictable but CPM deals with repetitive activities. PERT focuses/concentrates on time while CPM focuses on time-cost & trade-off. Also, PERT requires three-time estimate while CPM requires one-time estimate. PERT uses a probabilistic model and on the other hand, CPM uses a deterministic model. In PERT, a technique of planning and controlling time is used but CPM uses a technique to control cost and time.
Answer:
The receiving report is used to <u><em>advise the vendor that the goods arrived safely (option b)</em></u>
Explanation:
The receiving report is a document and accounting support detailing receipts in a storage area. You must show the code, description, quantity and value of the goods received, as well as the date of receipt and the signature of the person who received. In other words, it is a document prepared with the purpose of specifying the quantity and class of materials received.
It is useful to create a paper record of material receipts from suppliers and to record problems that may have been detected during the inspection processes or to report that the merchandise arrived safely in case of not registering problems.
This report is issued by the receiving warehouse in Duplicate, once the products received have been verified and inspected.
<u><em>The receiving report is used to advise the vendor that the goods arrived safely (option b)</em></u>
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Answer:
$1,000
Explanation:
Whenever an option is provided to an employee for stock purchase then the cost of such option is the price at which the issue is offered.
Accordingly the actual amount paid to acquire the issue is the cost to acquire such issue.
Thus, the issue granted = 10 stock options
Each option has 10 shares.
Thus, total number of shares offered = 10 10 =100
The strike price for issue = $10 for each share.
Actual cost = Strike Price Number of shares = $10 100 = $1,000.
Answer:
The profit margin is 12.4%
Explanation:
Profit margin is used to measure the amount of profit. It is the amount by which the money gotten from sells exceed the cost in a business. It is the ratio of net income to net sales
Net sales = Sales revenue - (sales discounts + sales returns and allowances
)
Net sales = $312000 - ($4000 + $2000) = $312000 - $6000 = $306000
Net income = Net sales - cost of goods sold - operating expenses
Net income = $306000 - $184000 - $84000 = $38000
Profit margin = Net income / net sales
Profit margin = $38000/$306000 = 0.124 = 12.4%.