There is no industry which can not relay on estimation, all industries needs estimation.
The two primary categories of this profession are construction and manufacturing, according to the Bureau of Labor Statistics. It states that more than half of all cost estimators work in the construction industry, where they may further specialize in projects for homes, businesses, industries, or the government.
Cost estimation aids in setting the project budget, planning the required work, and managing new resources. Cost estimates are also of the utmost importance when trying to win over new clients. Before starting actual building, property owners also utilize cost estimates to evaluate the viability of their projects.
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Life guarding is a really good first job for high school students. Start applying to local pools or water parks, whatever you have in your area. I live in vegas and hotels are always looking for lifeguards around this time
If the Fed mailed everyone a $1,000, the effect would be a <u>rise in prices, </u>output, and income.
<h3 /><h3>What happens when money is injected into the economy?</h3>
The Equation of exchange is:
<em>Money supply x Velocity of money = Price level x Quantity of goods and services produced </em>
If the Money supply increases like it will when $1,000 is sent by the Fed to people, the velocity will also rise as people purchase more goods and services.
The Price level and the Quantity produced on the right side of the equation would also have to rise to match the left side. So prices would rise, and so would output.
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Answer:
Variable Cost -$448,000
Explanation:
The contribution margin formula it's : Net Sales - Variable Costs: Contribution Margin
The contribution margin indicates how much money the company has to cover its expenses not included in the cost of the goods or the variable costs, it is the remaining amount that is used to pay the administrative and sales expenses.
In this case:
Sales : 16.000 x $40 (price) = $640,000
Contribution Margin 30% which means 30%*$640,000 = $192,000
The difference it's the Variable Costs = -$448.000
The answer for
1) 3 socks
2) 5 socks
3) 1 pair of socks
Explanation:
1) In the second trial, you choose one color, you say black, first, and second, say blue. The third sock you're taking out now has two black or brown. Therefore, you must draw at least 3 socks to ensure that you have a single color pair..
2) You get black first.
You're pulling out brown, second.
You tear down charcoal, Thrid.
Second, you cut out charcoal. (one pair complete)
Second, you're only heading out. (2 pairs full) Thus, you have to take out at least 5 socks to guarantee two pairs in the same colour.
3) You want 1 pair of black socks
The worst case is: [ 5 blu ]
The 6th pick guarantees you will have 1 pair of black socks