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3 years ago

Which of the following is true about specification ?

Business

1 answer:

IceJOKER [234]3 years ago

7 0

Answer:

b. Specifications should not be set arbitrarily. If you set a specification to loosely, the customer will be dissatisfied or upset with the performance of what you provided, even though it meets the specification.

Explanation:

Specification is defined as a set of requirements that needs to be met when producing a product. They give a value that seperate this product from others in performance.

Specification should be narrowly defined as this will help effectively meet the customer needs.

When specifications are too loosely defined the product might not meet customer needs.

For example if a developer requires a laptop with high processing power and the company decides to provide a more generic and lower processing power, the target customer will not be satisfied

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The amount of time it takes for an investment to double in value is called the doubling time for the investment. If the doubling

Paul [167]

Answer:

Compounding interest rate, r = 10.41%

Explanation:

As the investment will be doubled after 7 years from now, the future value of the current investment will be = $10,000 × 2 = $20,000

Therefore,

Number of periods (years), n = 7

Future value, FV = $20,000

Principal = Present Value, PV = $10,000

we have to determine the compounding interest rate, r.

We know,

r = $[(\frac{FV}{PV})^{\frac{1}{n}} - 1]$

Putting the values into the formula, we can get,

r = $[(\frac{20,000}{10,000})^{\frac{1}{7}} - 1]$

or, r = $(2^{\frac{1}{7}} - 1)$

With the help of calculator, we can find the value of $2^{\frac{1}{7}}$ = 1.1041

or, r = (1.1041 - 1)

or, r = 0.1041

Therefore, interest rate = 10.41%

7 0

3 years ago

If you buy the stock and plan to sell it 3 years from now, what are your expected cash flows in (i) year 1; (ii) year 2; (iii) y

Goryan [66]

Answer and Explanation:

Year 1 Dividend = 1.04

Year 2 Dividend = 1.08

Year 3 Dividend = 1.12

Year 3 Sale of Stock = 14.62

Year 1 Total Cash Flow = 1.04

Year 2 Total Cash Flow = 1.08

Year 3 Total Cash Flow = 15.74

3 0

3 years ago

The IMF projects that China's real GDP per person will be 57,163 yuan in 2017 and 60,334 yuan in 2018 and that India's real

erica [24]

Answer: India / 11.1years

Explanation:

Per capita income (PCI) or average income measures or calculate the average income earned per person in a given place (country,city, region etc.) in a particular year. It can be calculated by dividing the area's total income or wealth by its total number of population.

India's GDP will increase or double than that of China's, because is has a larger income than that of China.

5 0

3 years ago

At December 31, Gill Co. reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (credit) b

meriva

Answer:

$6,540

Explanation:

Given:

accounts receivable of $238,000

allowance for uncollectable accounts of $600 (credit)

Also, the allowance for uncollectible accounts should be 3% of accounts receivable.

Therefore the amount of the adjustment for uncollectible accounts would be

= 3% of $238,000 - $600= $(7140-600)= $6,540

4 0

3 years ago

Eric wants to attend a public four-year university. He estimates that the average cost of one year at this university is $19,500

pishuonlain [190]

In this problem he need 19.500 but only earns 325 a month. From this we take what is needed (19500) and divide it by what is earned (325). This will give you 60. So therefore it will take him 60 months to earn enough for one year at university.

5 0

3 years ago

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