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igomit [66]
3 years ago
8

What is the process of managing costs

Business
1 answer:
Masja [62]3 years ago
6 0

Answer:

Cost management is the process of estimating, allocating, and controlling project costs. The cost management process allows a business to predict future expenses to reduce the chances of budget overrun. Projected costs are calculated during the planning phase of a project and must be approved before work begins.

Explanation:

I know the answer by heart

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Suppose that the marginal cost of an additional ton of steel produced by a Japanese firm is the same whether the steel is set as
Nikolay [14]

Answer:

C) The Japanese will sell steel at a lower price abroad than they will charge domestic users.

Explanation:

Since the price elasticity of demand (PED) is higher abroad than in Japan, by exporting at a lower cost, the company is increasing the quantity exported in a greater proportion than it would if it sold the steel locally.

Price elasticity of demand (PED) measures how much does the quantity demanded of a good changes in proportion to a change in its price. For example, if the price increases by 10% but the demand only decreases by 5%, the PED is inelastic (= 5% / 10% = 0.5).

When

  • PED < 1, it is inelastic
  • PED > 1, it is elastic
  • PED = 1, it is unitary
6 0
4 years ago
Work cell at Chris Ellis Commercial Laundry has a workstation with two​ machines, and each unit produced at the station needs to
choli [55]

Answer:

24 minutes

Explanation:

The computation of the process time of the work cell is shown below:

Throughput time is the time that is needed to produced a finished good product. It involves the manufacturing process time and the time for converting the raw material into a finished product

Therefore

Throughput time = [1 unit × (60 min ÷ 5 units)] × 2

                           = 24 minutes

6 0
4 years ago
Jake Entertainment Corporation has three segments with revenue, operating income, and depreciation and amortization information
frosja888 [35]

Answer:

Video Games = 35%

Explanation:

As for the provided information, we have:

Operating Income given is exclusive of Depreciation and amortization as operating income do not include so:

Therefore:

EBITDA as percentage of Revenue shall be :

= \frac{Operating\ Income}{Total\ Revenue} \times 100

For each segment the calculation shall be:

Film = \frac{1,500}{5,000}\times 100 = 30%

Theme Park = \frac{320}{1,000} \times 100 = 32%

Video Game = \frac{175}{500} \times 100 = 35%

Since the highest percentage is that of video games, it is the most productive.

The options provided do not relate to this question.

8 0
3 years ago
______________ can arise from the estimation process or the stability of the project team. assumptions internal risks cost overr
Levart [38]

Internet risk can arise from the estimation process or the stability of the project team. assumptions internal risks cost overruns external risks.

<h3>What is Internet risk?</h3>

Online risk is the exposure of an organization's internal resources as a result of using the Internet to do business.

Online risk exists for all businesses that conduct a portion of their operations online. Personal information, project data, and data produced by systems or procedures used by the company to conduct its business all fall under the category of vulnerable data.

Using techniques and resources from a risk management strategy, you can effectively manage online risk, prevent it from happening in the first place, and take action if it does. Aware of online risk, able to foresee how a data loss might affect their business operations, and able to create contingency plans are all crucial skills for IT professionals.

To learn more about Internet risk from the given link:

brainly.com/question/19589897

#SPJ4

3 0
1 year ago
Suppose you buy a put option contract on October gold futures with a strike price of $1200 per ounce. Each contract is for the d
lyudmila [28]

Answer:

Strike price of October gold future = $1,200 per ounce

The exercise price = $1,180

<em />

<em>To calculate the amount that will help the investor to decide about the position</em>

Amount added to margin = (Strike price - Future price) * Delivery if each contract

Amount added to margin = ($1,200 - $1,180) * 100

Amount added to margin = $20 * 100

Amount added to margin = $2,000

Therefore, the amount of $2,000 is received. The investor has short position on future contracts to sell 100 ounces of gold in October.

7 0
3 years ago
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