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AlekseyPX
3 years ago
10

A project manager for a large manufacturing concern is working on a project that calls for a building to be constructed to house

a new clean system manufacturing process critical to the success of the project. Construction is not a core competency of his company. His team has created a detailed procurement statement of work, which includes imposition of penalties if specific deliverables are not received. He is evaluating which contract would work the best. Which of the following is the best type of contract for this situation?
A. Fixed-price (FP)
B. Cost plus fixed fee (CPFF)
C. Cost plus incentive fee (CPIF)
D. Time and material (T&M)
Business
1 answer:
icang [17]3 years ago
5 0

Answer:

Most likely D

Explanation:

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The difference between the actual cost incurred and the standard cost is called the?
Taya2010 [7]

A Standard Cost Variance is a difference between the actual cost incurred and the standard cost against which it is measured.

The main difference between normal costing and standard costing is that normal costing uses actual costs for material and direct labor costs, whereas standard costing uses predefined costs for these two items. That's it.

This difference between standard cost and actual cost is called variance. An unfavorable variance occurs if the actual cost is higher than the standard.

The main difference between marginal costing and standard costing is that marginal cost is a subset of standard cost and standard is a superset of marginal costing. Description: Standard costing is a costing method and there are two types of costing methods.

Learn more about Standard Cost Variance here: brainly.com/question/25790358

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4 0
1 year ago
Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement of each of the following invoices,
Svetlanka [38]

Answer: a) $30,400

b)$10,394

c)$16,830

d)$8,015

e)$76,626

Explanation:

When a credit term such as 2/10, n/30 is given, it means that the buyer is liable for a 2% discount if they pay within 10 days otherwise they must pay within 30 days.

Discounts are applied AFTER returns are subtracted.

Also any freight charges are charged to the buyer.

With that said, let's calculate this with gusto

a) No discount. Returns of $1,600

= 32,000 - 1,600

= $30,400 is amount to be paid.

b) Freight charges of $300. 2% discount. Returns of $2,500

= (1-0.02)*(12,800 - 2500) + 300

= $10,394 is amount to be paid.

c)Discount of 1%. Returns of $4,000.

= (21,000-4000) * ( 1 - 0.01)

= $16,830 is amount to be paid.

d) Freight charges of $175. Returns of $1,000 and discount of 2%.

= (9,000 - 1,000) * (1 - 0.02) + 175

= $8,015 is amount to be paid.

e) Discount of 1%. No returns.

= 77,400 ( 1 - 0.01)

= $76,626 is amount to be paid.

8 0
3 years ago
Which of the following statements about the idea that people are rational is​ correct? A. The idea assumes that consumers and fi
Maurinko [17]

Answer:

A. Consumers and firms use all available information as they act to achieve their goals

Explanation:

Information is a value, maybe the most important. It´s also scarce and expensive: business pay fortunes to smart men.

And the most worthy information is the one that allows a person to predict the futuro. For instance, who knows what will be the price of oil in one year.

Usually available information is not enough, people cannot acces to a better option, therefore mistakes are made, even throught and after "rational" reasoning. So, people act "rationally", in spite of goal is not always achieved.

7 0
3 years ago
Your​ co-worker is about five years away from retirement and she is feeling fairly​ risk-averse. She wants to make sure she pres
dmitriy555 [2]

Answer:

Balanced mutual fund

Explanation:  

Balanced mutual fund -

These type of mutual funds , inverts in more types of assets , like the bonds and stocks , for an objective like aggressive or moderate .

There a lot of balanced funds options available in the market , having a the types -

1.  passively managed

2.  actively managed .

The mutual funds which the investor can hold on for a long duration i.e. for a decade or so , are the best type of mutual funds .

4 0
3 years ago
Large corporations collect vast amounts of information about their customers' shopping habits, including how, when, why, where,
olya-2409 [2.1K]

Answer:

plan future products and services

Explanation:

Data collection by large corporations.on their customers is an important part of strategy to retain present Clint's and gain more market share.

Customer information like shopping habits, including how, when, why, where, and what they buy. Is used to predict customer behaviour and preferences.

This information is then used to plan future products and services.

For example if a customer buys watches, the company can target the customer by sending promotional materials on new watch releases.

4 0
3 years ago
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