Answer:
Two activities scheduled to be carried out in parallel and using the same scarce resource are independent.
Explanation:
An Israeli physicist named, Eliyahu M. Goldratt developed the Critical Chain Project Management (CCPM) and introduced it in his book "Critical Chain" in 1997.
The CCPM is a project management methodology used by managers to better manage a project. The CCPM ensures that the project plan is feasible and immune from any uncertainty or statistical fluctuations.
In the CCPM activity network, there are no milestones and all non-critical activities are performed as late as possible.
CCPM adopts the use of drum buffers, so as to ensure extra safety is applied to a project immediately before using constrained resource.
According to Goldratt, two activities scheduled to be carried out in parallel and using the same scarce resource are independent.
Answer:
In simple words, implementation process refers to the stage under which the strategies and plans are converted into actions. This is one of the main stages as the overall result depends highly on this stage.
In this stage, the supervisor should make sure that the workers are giving their fullest for the job, are the resources needed to perform the job available in adequate quantity.
The best way to implement any strategy is to make short goals with short time periods and evaluate each phase if he team is performing up to the mark.
Answer and Explanation:
Particulars Microscopes
Made units 11,800
Less : Sold units 7,800
Closing Inventory 4,000
Now
Cost per Microscope is
= $66,375,000 ÷ 11,800
= $5,625.
Now
The Portion of Transportation Cost still in hand in Ending Inventory is
= $5,625 × 4,000
= $22,500,000
Now the identification of the financial statement elements are as follows
Assets Overstated $22,500,000
Liabilities Not Affected
Retained earnings Overstated $22,500,000
Revenue Not Affected $22,500,000
Expense Understated $22,500,000
Net income Overstated $22,500,000
The liabilities and the revenue is not affected and the other items would affected accordingly
Answer: $16,000; $48,000
Explanation:
<em>Then your opportunity cost of college is </em><em><u>$16,000</u></em><em>, and your total cost of a year of college is </em><em><u>$48,000</u></em><em> per year.</em>
The opportunity cost as explained is the value of the next best alternative given up. In this case that next best alternative is a salary of $19,000 a year so that would be the opportunity cost.
The total cost of going to college however will be the actual cost of going to college plus the opportunity cost of going to college because not only are you incurring costs for going to college but you are also forgoing income you could have earned. The total cost is therefore;
= 32,000 + 16,000
= $48,000
