Answer: CPM/PERT charts are very resourceful tools that help schedule and manage complex projects
Explanation:
CPM/PERT charts are very resourceful tools that help schedule and manage complex projects. A critical path analysis is vital when considering this as it determines the failure or success on the projects. They can also be used for assessing the problems faced during implementation of plans.
PERT is a variant of Critical Path Analysis that takes a more skeptical view of the time needed to complete each project stage.
Computerized order processing system: Hardware a) Installation -> Area Prep -> Tech/Engineer-> Wiring ->Connections b) Testing->Connections->Wiring->Servers
Answer:
Two out of the three uses of money are identifiable in this short story
1.Means of exchange.
2.Store of value
3. Unit of account
Explanation:
Means of Exchange and Store of value were the two uses of money that can be explained by this short story.
1. Means of exchange: When Matt decided to buy the new console, he used the money as a mean of exchange
2. Store of value: When LeRoy decided to save the money for one year and the money still have the same value of $300.
As for the third use of money Unit of account, It is not illustrated in the short story but an example of this use is the bookkeeping done in the accountant department of the store that sold the console.
Answer:
a) Break even point in units = 2000 Units
b) Break even point in Dollars = $1500
Explanation:
Break even point is the point of no profit no loss. It is where revenue equals total cost.
a)
To calculate break even point in units, we first need to find out the contribution margin per unit (CM per unit).
CM per unit = Selling price - variable cost = 0.75 - 0.5 = $0.25
The break even point in units = 500 / 0.25 = 2000 units
b) To calculate the break even point in dollars, first we need to calculate the contribution to sales ratio.
Contribution to Sales ratio = 0.25/0.75 = 1/3
Break even in dollars = 500 / (1/3) = $1500
Hi!
I believe it is called 'Scare tactics'.
Answer:
The answer is c. remains constant in total with changes in the level of activity.
Explanation:
In a cost structure of a firm, for decision-making purpose, it is usually divided into fixed cost and variable cost.
Variable cost is the type of costs which will increase following an additional production of an extra unit of product/service, that is, level of activity has been risen up given the production is taken place. A good example of these cost are material cost, labeling cost.
Fixed cost, as it name may tell, is costs that are unchanged regardless of a firm's activities level. That is, regardless of how many product/service is produced, these costs remain the same. A good example of these cost are depreciation cost, rental cost.