Finish to start dependency- This is the most common type of dependency in project management as well as real life.
Answer:
Annual deposit= $6,952.82
Explanation:
Giving the following information:
You want to have $1.5 million in real dollars in a retirement account when you retire in 40 years.
Inflation rate= 2.7%
Interest rate= 10%
First, we need to deduct from the interest rate the inflation rate.
Real interest rate= 0.10 - 0.027= 0.073
Now, using the following formula, we can determine the annual deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,500,000*0.073) / [(1.073^40)-1]
A= $6,952.82
Answer: a) More information needed
b) Produce in short run
(c) Produce in short run
(d) Shut down in short run
Explanation:
a) More information needed
In the short run if TC exceeds TR then the firm is incurring a loss. However if TR is still greater than AVC then the company will not shut down as the condition for shutting down has not been met which is that Price should be less than Average Variable Costs and this information is not known.
(b) Produce in short run
In a Perfect Competition, price is the same as Marginal Revenue which means that if MR is greater than MC then Price is greater than MC as well. This means that the Average Variable cost is less than Price as well so they will keep producing as opposed to shutting down.
(c) Produce in short run
If the Price exceeds the Average Total cost at all output levels then that means that profit is being made. The firm will therefore keep producing in the Short run.
(d) Shut down in short run
If Variable costs are more than the Price then the firm is unable to fund operations as they can't even cover variable costs. This will mean that they would have to shut down in the Short run.
If you need any clarification do comment. Cheers.
Answer and Explanation:
The journal entries are shown below:
a.
Work in process inventory ($4,640 + $5,510 + $6,612 + $12,760 + $18,270) $47,792
Factory Overhead $12,500
Factory Wages $60,292
(being the factory labor cost is recorded)
b.
Work in process inventory ($47,792 ÷ 29 × 23) $37,904
To Factory Overhead $37,904
(being the factory overhead applied to production is recorded)
The answer is LLC or also known as Limited Liability
Company. This type of hybrid legal entity has the characteristic of mixed
characteristics of a partnership, sole proprietorship and even a company in
which they have a limited liability that could also be similar to shareholders
in a corporation.