Financial methods provide objective analysis for project selection. Select one: a. True O b. False
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A: THE ANSWER IS AS BELOW:
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A: BELOW IS THE SOLUTION:-
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A: A Small Introduction about Project Management An undertaking is by and large started by an apparent…
Q: c. What is the expected project completion time? (Do not round intermediate calculations. Round your…
A: Find the duration calculations below:
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A: Project scheduling refers to creating a schedule containing the activities, milestones, and…
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A: It's tough to keep track of a mission. This approach can be used by a project manager to find…
Q: Discuss the concept of Project Crashing
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A: Solution a) The project network diagram is shown below
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A: WE ARE ALLOWED TO DO THREE SUB-PARTS ONLY. THE ANSWER IS AS BELOW:
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Q: Why do we evaluate projects and what is usually evaluated?
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A: Project crashing is simply explained as the method in project management which aims at speeding up…
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A: Given, Actual cost, AC= $400 Planned cost or Budget, BAC = $500 Work complete= 50% a) Cost…
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A: Earned Value Analysis (EVA): It is a system that enables the project manager to estimate the amount…
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- 1. At the conclusion of her first month of operating Val’s Donut Shop, Val computed the following revenue and expense figures: Week Revenue Expense Profit / Loss 1 $ 894.50 $ 761.80 (a) 2 1,147.60 522.46 3 1,261.80 879.14 4 1,345.11 1,486.20 Month (b) (1) Fill in the gray blanks in the chart above and show your work for calculating the profit/loss for (a) Week 1 and (b) the month. (2 points)Labors Hours Required (Hours/Unit) Department Product 1 Product 2 Hours Available A 1 0.35 100 B 0.3 0.2 36 C 0.2 0.5 50 Profit Contribution/Unit 30 15 X1 X2 Production Constraints Used Available Dept A Hours Dept B Hours Dept C Hours Objective: Profit 1) How many units of product 1 should Hartman produce to get the most profit? 2) How many units of product 2 should Hartman produce to get the most profit? 3) How much profit will Hartman make if they produce the optimal number of product 1 and product 4) In computing the profit contribution per unit, management does not deduct labor costs because they are considered fixed for the upcoming planning period. However, suppose that overtime can…TRADEKINGS is a soft drink manufacturer in Zambia. Although it has a commanding share of the soft drink market in Zambia, it is facing increasing competition from a soft drink known as Atia from Kenya and the Coca-Cola line of soft drinks. Required: Use a Product Portfolio (SWOT) Analysis to: Identify the opportunity OR threat to the Identify the company’s strength OR weakness of the company Recommend an appropriate strategy
- Amalgamated Fenderdenter’s sales are $10 million. The company spends $3.5 million for purchase of direct materials and $2.5 million for direct labor; overhead is $3.5 million and profit is $500,000. Direct labor and direct material vary directly with the cost of goods sold, but overhead does not. The company wants to double its profitUse the assignment method to obtain a plan that will minimize the processing costs in the followingtable under these conditions:a. The combination 2-D is undesirableb. The combinations 1-A and 2-D are undesirableWORKERA B C D E1 14 18 20 17 182 14 15 19 16 17Job 3 12 16 15 14 174 11 13 14 12 145 10 16 15 14 13Mt. Kinley is a strategy consulting firm that divides its consultants intothree classes: associates, managers, and partners. The firm has been stable in size for the last 20years, ignoring growth opportunities in the 90s, but also not suffering from a need to downsize inthe recession at the beginning of the 21st century. Specifically, there have been—and areexpected to be—200 associates, 60 managers, and 20 partners.The work environment at Mt. Kinley is rather competitive. After four years of working as anassociate, a consultant goes “either up or out”; that is, becomes a manager or is dismissed fromthe company. Similarly, after six years, a manager either becomes a partner or is dismissed. Thecompany recruits MBAs as associate consultants; no hires are made at the manager or partnerlevel. A partner stays with the company for another 10 years (a total of 20 years with thecompany).A. How many new MBA graduates does Mt. Kinley have to hire every year?B. What are the odds that a new hire…
- Climate Control, Inc., makes expedition-quality rain gearfor outdoor enthusiasts. Management prepared a forecast ofsales (in suits) for next year and now must prepare a produc-tion plan. The company has traditionally maintained a levelworkforce strategy. All nine workers are treated like familyand have been employed by the company for a number ofyears. Each employee can produce 2,000 suits per month.At present, finished goods inventory holds 24,000 suits. Thedemand forecast follows: Use the Sales and Operations Planning with SpreadsheetsSolver in OM Explorer or develop your own spreadsheetmodels to address the following questions. a. Management is willing to authorize overtime in pe-riods for which regular production and current lev-els of anticipation inventory do not satisfy demand.However, overtime must be strictly limited to no morethan 20 percent of regular-time capacity. Managementwants to avoid stockouts and backorders and is notwilling to accept a plan that calls for shortages.…Suppose SureStep could begin a machinery upgrade and training program to increase its worker productivity. This program would result in the following values of labor hours per pair of shoes over the next four months: 4, 3.9, 3.8, and 3.8. How much would this new program be worth to SureStep, at leastfor this four-month planning horizon with no backlogging? How might you evaluate the program’s worth beyond the next four months?The CEO of J&B, Ld., would like to propose in the next Council meeting a rise of capital as one of thepossible ways to increase the forecast of the working capital for the next financial year and reached6,000,000 €. This number will allow the company to have a degree of robustness comparable toother competitive companies in the industry. Daily Amount Average Deferments (days)Raw Materials 60.000 10Salaries 150.000 7Overheads 90.000 ? If the operating cycle is 30 days, what should the manager answer if a director asks him about theaverage deferment of the overheads?( answer: Average deferment in Overhead is 15 days) HOW DO I DO THIS?????
- When reviewing a Profit and Loss report in QuickBooks Online, which report option will quickly show a client income and expenses incurred over the past two years? A. Collapse / expand B. Compare another period > Year-to-date (YTD) C. Compare another period > Previous year (PY) D. Group by E. SortStandard Direct Labor Wage Rate and Direct Labor Efficiency Variance Informationregarding Maxwell’s direct labor cost for the month of January follows:Direct labor hourly rate paid $28.50Total standard direct labor hours for units produced this period 11,000Direct labor hours actually worked 10,800Direct labor rate variance $16,000 favorableRequired Compute the following:1. Standard direct labor wage rate per hour, rounded to 2 decimal places, in January.2. Direct labor efficiency variance for January; round your answer to the nearest whole dollar. Was thisvariance favorable (F) or unfavorable (U)?A manager faces peak (weekly) demand for one of her op-erations, but is not sure how long the peak will last. She caneither use overtime from the current workforce, or hire/lay off and just pay regular-time wages. Regular-time pay is$550 per week, overtime is $825 per week, the hiring cost is$2,000, and the layoff cost is $3,000. Assuming that peopleare available seeking such a short-term arrangement, howmany weeks must the surge in demand last to justify atemporary hire? Hint: Use break-even analysis (see Supple-ment A, “Decision Making Models”). Let w be the numberof weeks of the high demand (rather than using Q for thebreak-even quantity). What is the fixed cost for the regular-time option? Overtime option?
