Answer:
multiplying the number of physical units by the percentage of completion.
Explanation:
Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.
The fundamentals of Project Management includes;
1. Project initiation
2. Project planning
3. Project execution
4. Monitoring and controlling of the project
5. Adapting and closure of project.
It is very important and essential that project managers in various organizations, businesses and professions adopt the aforementioned fundamentals in order to successfully achieve their aim, objectives and goals set for a project.
An equivalent unit is calculated by multiplying the number of physical units by the percentage of completion.
Answer:
PV= $8,511.40
Explanation:
Giving the following information:
Final value= 15,000
Number of years= 5 years
Interest rate= 12%
We need to calculate the present value of the $15,000. We will use the following formula:
FV= PV*(1+i)^n
Isolating PV:
PV= FV/(1+i)^n
PV= 15,000/1.12^5
PV= $8,511.40
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Indigo Industries is considering two new machines. Machine A will generate revenues of $120,000, have variable costs of $40,000, and fixed costs of $8,000. Machine B will generate revenues of $140,000, have variable costs of $30,000, and fixed costs of $8,000.
Machine A= 120,000 - 40,000 - 8,000= 72,000
Machine B= 140,000 - 30,000 - 8,000= 102,000
Incremental revenue= B - A= 30,000
If the price level turns out to be lower, the real wage is higher than expected.
Therefore the nominal wage increased by 3% and real wage increased by 1%.
Explanation:
When wage is stated in terms of currency, it is nominal wage. When wage stated in terms of amount of some good that can be brought by it, it is real wage. Real wage is calculated by dividing nominal wage by price.
Person C earns a nominal wage of $12.00 per hour. The price of milk is $3 per gallon. This means C's real wage is 4 (=12/3) gallons of milk per hour.
When workers and firms negotiate, they agree on a nominal wage with inflation expectations in mind. If the price level turns out to be lower, the real wage is higher than expected.
In 2020, C's nominal wage is $12 and her real wage is 4 gallons of milk. In 2011, her nominal wage is $12.36 and her real wage is 4.04 (=12.36 / 3.06)
Increase in nominal wage between 2010 and 2011 = 12.36 - 12.00 /12.00
= 0.36 / 12.00 = 0.03 or 3%
Increase in real wage between 2010 and 2011 = 4.04 - 4.00 / 4.00
=0.04 / 4.00
=0.01 or 1%
Therefore the nominal wage increased by 3% and real wage increased by 1%
Answer:
a. $60.
Explanation:
While computing the relevant cost in case of special order only the variable manufacturing cost is to be considered as it will be changed in special order case.
And the other cot like - fixed manufacturing, variable & fixed selling, traceable fixed administrative cost, etc are not relevant as it remains constant
These costs are not useful for decision making. Hence, it is to be ignored
