You are anticipating the need to use contractor labor on a project. Your analysis has come up with the following: 30% probability of an additional resource added to the project, with a cost to the project of $40,000 PLUS a 10% probability that the project will complete earlier than planned, saving the project $10,000. What is the contingency reserve you would use?A. -$10,000B. $13,000C. -$11,000D. $11,000
Answers
To determine the contingency reserve, we need to calculate the expected monetary value (EMV) of the risk events, which is the probability of the risk occurring multiplied by the impact of the risk.
For the first risk event, there is a 30% probability of an additional resource being added to the project at a cost of $40,000. Therefore, the EMV of this risk is:
EMV1 = 0.30 x $40,000 = $12,000
For the second risk event, there is a 10% probability that the project will complete earlier than planned, saving the project $10,000. Therefore, the EMV of this risk is:
EMV2 = 0.10 x $10,000 = $1,000
To calculate the contingency reserve, we add the EMV of the negative risk event (the additional resource cost) to the EMV of the positive risk event (the cost savings from early completion), and then subtract that total from the sum of the maximum impact of the negative risk event and the expected value of the project without any risks:
Contingency reserve = (Max impact of negative risk event + Expected value without risks) - (EMV of negative risk event + EMV of positive risk event)
Max impact of negative risk event = $40,000
Expected value without risks = $0 (since we assume no other risks)
EMV of negative risk event = $12,000
EMV of positive risk event = $1,000
Therefore, the contingency reserve is:
Contingency reserve = ($40,000 + $0) - ($12,000 + $1,000) = $27,000
Since the contingency reserve is a positive value, the correct answer is D. $11,000.
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Related Questions
#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
Answers
The two general costing approaches used by manufacturing companies to prepare income statements are:
Answers
Answer: ABSORPTION and VARIABLE
Explanation:
QUESTION 2 of 10: Medicare is a government program funded by tax dollars to:
a) Provide health insurance to children
b) Provide health insurance to working adults
c) Provide hospital insurance for those over 65
Answers
What is the business analytics approach for managerial decision making? Check all that apply.
- It is to completely do away with subjective approach to decision making
- It is to improve business performance
- It is to automate decision making
- It is to make plans
- It is to yield actionable insights from analyzing data
- It is to make evidence-based decisions
Answers
The business analytics approach for managerial decision making includes improving business performance, yielding actionable insights from data analysis, and making evidence-based decisions.
The business analytics approach for managerial decision making aims to improve business performance by utilizing data analysis techniques to yield actionable insights. This approach does not completely eliminate subjective decision-making but rather supplements it with evidence-based information. It involves gathering and analyzing relevant data to uncover patterns, trends, and relationships that can inform decision-making processes. By leveraging data-driven insights, managers can make more informed and effective decisions, leading to improved business outcomes. While automation may be a part of the process, the primary focus of business analytics is on utilizing data to make evidence-based decisions and develop plans for driving organizational success.
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if the government places a tax on large corporations then it is likely that the corporation's owners will end up paying all of that tax.
Answers
True - if the government places a tax on large corporations then it is likely that the corporation's owners will end up paying all of that tax.
a government is the device or organization of human beings governing an prepared community, commonly a nation. in the case of its extensive associative definition, authorities normally includes legislature, government, and judiciary. government is a method by means of which organizational policies are enforced, in addition to a mechanism for determining policy. In many nations, the government has a sort of constitution, a declaration of its governing ideas and philosophy.
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This communication channel is typically used to provide an audience with information about a product or service, usually for informational or persuasive purposes. It is a one-way communication in a visual medium.
Answers
Answer:
Online advertisement
Explanation:
In the ever-increasing technological world, online advertising is an extremely elaborate solution for the sale of any item or service or for the information about that item or service.
The use of online advertisements is usually an elaborate way of providing detailed information about goods and services in which information about goods and services is provided to individuals viewing through movable images, communication in the online advertising technological world.
This is a large medium of information as well as it is also a proper means of giving unilateral information.
Which of the following paycheck withholdings goes towards taking care of the elderly
and disabled people?
Answers
Answer:
SSI Tax or SSDI
Explanation:
I have a question about the number 2 pencil
The number 2 pencil is the most popular and widely used pencil out there. But if it's the best pencil, then why do they call it the number 2 pencil?
I have a business idea, I want to make a company called The number 1 pencil, but i need a partner to help me.
It's important that you know good business strategies and are responsible with money. Does anyone want to help me?
Answers
Answer:
its called the number 2 pencil because first is the worst and second is the best
Answer:
lets do it :P
Explanation:
:)
of what is the tenth amendment is a clear statement
Answers
The Tenth Amendment to the United States Constitution is a clear statement that powers not delegated to the federal government are reserved to the states or the people.
The Tenth Amendment is a concise expression of federalism, stating that any powers not specifically granted to the federal government in the Constitution are retained by the states or the people. It reaffirms the principle of limited government and emphasizes the autonomy and sovereignty of the individual states within the framework of the federal system. It acts as a safeguard against the concentration of power in the federal government by ensuring a balance of authority between the national and state governments.
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i will give $1000 to someone that can help me with this. and im being serious
Answers
Answer:
shell say to get your team together and lead if can do it do it, if you cant, don't
Explanation: you're the team leader you're supposed to be able to make decisions even the hard ones
determine the effects when the fed conducts an open-market purchase exports
Answers
When the Federal Reserve (Fed) conducts an open-market purchase, it has several effects on the economy, including potential impacts on exports. Here are the effects and their relationship to exports:
Increased money supply: An open-market purchase involves the Fed buying government securities from the market, injecting money into the economy. This leads to an increase in the money supply, which can have an effect on exchange rates.
Currency depreciation: The increase in the money supply can lead to a decrease in the value of the currency relative to other currencies. This depreciation makes exports more competitive in international markets, as they become relatively cheaper for foreign buyers. As a result, exports may increase.
Increased aggregate demand: The injection of money into the economy through open-market purchases stimulates aggregate demand. When demand for goods and services rises, businesses may experience increased production to meet the demand, potentially leading to an increase in exports.
Potential inflationary pressures: With increased money supply and aggregate demand, there is a risk of inflation. If the increase in demand outpaces the economy's capacity to produce, prices may rise, including the prices of exported goods. This could potentially reduce the competitiveness of exports.
Effect on trade balance: The impact on exports resulting from open-market purchases is interconnected with the overall trade balance. If the increase in exports surpasses any potential increase in imports due to currency depreciation, it may lead to an improvement in the trade balance.
It's important to note that the effects of open-market purchases on exports are influenced by various factors, such as the size of the open-market operations, the state of the economy, exchange rate dynamics, and the responsiveness of exporters to changes in prices. Additionally, other economic policies and global market conditions also play a role in determining export outcomes.
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what does financial fitness mean
Answers
How do customers find out about Donny Ouyang's company
Answers
Answer:
People found out about his company through different types of promotion over the Internet. As well as offline around his community. Most people reach his Web sites through search engines like Gooogle and Bing.com.
Explanation:
GOT A 100% ON EDGE
HAVE A NICE DAY!!!
PLEASE MARK AS BRAINLIEST
mention any five methods of doing off season vegetables farming,
Answers
Answer:
the methods of doing off season vegetables farming are:-
Taking use of and utilising various agro-climatic conditionsImproved varieties are chosen.Adjustment of planting time.Making plastic tunnels, polythene houses, and permanent glass houses to provide controlled environmental conditions.1. Four electricians are discussing special requirements for health care facilities. Electrician A says that a nursing home is required to include an emergency system circuit. Electrician B says that GFCI outlets are required in the bathroom area of some critical-care patient rooms. Electrician C says that a nursing home is not required to include an emergency system circuit. Electrician D says that GFCI outlets are required in the bathroom area of the critical-care patient rooms. Which of the following statements is correct?
A. Electrician C is correct.
B. Electrician A is correct
C. Electrician D is correct
D. Electrician B is correct.
2. Four electricians are discussing wiring under raised floors in information technology equipment rooms. Electrician A says that wiring under the raised floor requires fire-resistant walls, floors, and ceilings between other occupancies. Electrician B says that wiring under the raised floor requires fire resistant halfway up the walls and floors between other occupancies. Electrician C says that the room must employ a disconnecting means that removes half of the power to all equipment in the room. Electrician D says that a disconnecting means isn't necessary for the room. Which of the following statements is correct?
A. Electrician B is correct.
B. Electrician C is correct.
C. Electrician D is correct.
D. Electrician A is correct.
3. Five electricians are discussing grounding. Electrician A says that 6" of an 8' rod or pipe electrode is allowed to extend above the finished grade. Electrician B says that a "made" grounding electrode constructed from copper rod that’s 5/8" in diameter and 100" long is acceptable per the NEC. Electrician C says that 6" of a 16' rod or pipe electrode is allowed to extend above the finished grade. Electrician D says that a "made" grounding electrode constructed from copper rod that's 5/8" in diameter and 50" long is acceptable per the NEC. Which of the following statements is correct?
A. Electrician C is correct.
B. Electrician B is correct.
C. Electrician D is correct.
D. Electrician A is correct.
4. Where resistance to ground of a single-made electrode exceeds 25 ohms,
A. additional electrodes must be added until the resistance to ground is lower than 25 ohms.
B. the electrode can be omitted.
C. no additional electrodes are required.
D. one additional electrode must be added.
5. According to the NEC, what type of threadless connectors and couplings must be used with rigid metal conduit if installed in masonry?
A. Rain tight.
B. Concrete tight.
С. Weatherproof.
D. Wet/damp listed.
6. Four electricians are discussing NEC requirements for common appliances.
Electrician A says that new, cord-and-plug, single-phase room A/C units must have factory-installed LCDI or AFCI protection. Electrician B says that the cord for a household refrigerator must be visible and readily accessible to be used as a disconnect switch. Electrician C says that the cord and plug don't have to be new. Electrician D says that an old cord with a spliced new plug can be used. Which of the following statements is correct?
A. Electrician A is correct.
B. Electrician B is correct.
С.Electrician C is correct.
D.Electrician D is correct.
7. Four electricians are discussing switchboards and panelboards. Electrician A says that switchboards and panelboards must provide front and rear access to meet accessibility requirements. Electrician B says that unused circuit breakers mounted in a panelboard should not be identified on the circuit directory until they're actually connected for a circuit application. Electrician C says that switchboards can be installed in cabinets. Electrician D says that switchboards aren't intended to be installed in cabinets. Which of the following statements is correct?
A. Electrician C is correct.
B. Electrician D is correct.
C. Electrician A is correct.
D. Electrician B is correct.
8. Four electricians are discussing the installation of a luminaire in a clothes closet.
Electrician A says that because the clothes-hanging rod is located five inches from the ceiling, the light fixture that's to be mounted directly over the rod must be recessed.
Electrician B says that a surface-mounted incandescent fixture must be placed at least six inches from the storage area. Electrician C says that a surface-mounted incandescent fixture must be placed at least 12 inches away from the storage space. Electrician D says that a surface-mounted incandescent fixture must be placed at least nine inches away from the storage space. Which of the following statements is correct?
A. Electrician B is correct.
B. Electrician A is correct.
С. Electrician C is correct.
D. Electrician D is correct.
Answers
The correct options are
B. Electrician A is correct.
D. Electrician A is correct.
B. Electrician B is correct.
A. Additional electrodes must be added until the resistance to ground is lower than 25 ohms.
B. Concrete tight.
A. Electrician A is correct.
C. Electrician A is correct.
A. Electrician A is correct.
What are electricians?Generally, An electrician is a skilled laborer who specializes in the electrical wiring of structures, transmission lines, stationary machinery, and other apparatus that is connected to the field.
Installing new electrical components, repairing and maintaining existing electrical infrastructure, and maintaining and repairing existing electrical infrastructure are all possible jobs for electricians.
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What is one way people can reduce the amount of taxes they owe in a year?
A. Give money to charity
B. Earn a higher income
C. Purchase luxury goods
D. Work longer hours
Answers
Answer:
A
Explanation:
Donating money to charity is one method people might lower their annual tax burden. Therefore, (A) is the correct option.
What is Tax?Taxes are required payments made to individuals or enterprises by a government agency, whether local, regional, or federal. Income, capital gains, or the estate are all subject to taxes.
One of the ways to reduce the amount of tax payable is to donate money to a charity.
Therefore, (A) is the correct option.
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a. Suppose there is a surge in consumer confidence that creates an increase in aggregate demand in the economy. The Federal Reserve estimates that a change in the money supply of $120 billion will adjust interest rates enough to offset the change in aggregate demand. If the reserve requirement is 25%, what action should the Fed take to reach the desired change in the money supply?
The Fed should conduct an (open market purchase / open market sale) of $______ billion.
b. Suppose there is a political crisis in Europe that causes a reduction in investment demand in the United States. To stimulate investment demand, the Federal Reserve decides the money supply needs to change by $150 billion. If the reserve requirement is 10%, what action should the Fed take to reach the desired change in the money supply?
The Fed should conduct an (open market purchase / open market sale) of $_____ billion.
Answers
Answer:
a. Open market sale of $30 billion
b. Open market purchase of $15 billion
Explanation:
Recently, the cable television networks have bombarded viewers with a variety of shows based around teams that come in to redecorate homes and gardens in a very short time frame. Since these teams are typically made up of men and women of different ethnic backgrounds, age, and physical capabilities, the fact they work so well with each other to accomplish the redecorating goal is an example of ____.
a. discrimination heterogeneity
b. social integration
c. organizational plurality
d. acculturation
e. an integrative locus of control
Answers
Answer:
social integration. i hope this helps for you!
Explanation:
In February, a homeowner contracted with a general contractor to have a basement storage space converted to a sauna, but never paid for the work. The homeowner stopped making mortgage payments in June. The owner is two years delinquent in property taxes to the county. The state gives mechanics' liens priority. If all of these creditors obtain judgments against the owner in November, what will be the priority of their liens (first to last)
Answers
Answer:
Generally real estate liens are prioritized following a temporal order, from first to last. This applies to all liens except taxes. Taxes are always first and they are collected before any other lien in the event of a foreclosure.
In this case, the following priority would go to the mechanic's lien from the the general contractor (as a result from court order), then the mortgage, and finally the other creditors.
The cpi is a measure of the overall cost of the goods and services bought by.
Answers
The cpi is a measure of the overall cost of the goods and services bought by a typical consumer.
What is the CPI?
The consumer price index is a measure of inflation. It measure the price changes of a basket of goods bought by consumers.
CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
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Discuss how scarcity of economic resources
leads to tradeoffs
Answers
Scarcity of economic resources requires individuals and societies to make tradeoffs by choosing between alternative uses of limited resources.
This scarcity necessitates making choices and tradeoffs. When resources are scarce, choosing to allocate them towards one particular use means sacrificing the opportunity to use them for alternative purposes.
For example, a government investing resources in building new infrastructure may have to reduce spending on healthcare or education. Individuals face tradeoffs as well, such as deciding between spending money on leisure activities or saving for the future.
These tradeoffs arise because resources are limited, and individuals and societies must make choices to allocate them in the most efficient and effective manner given their scarcity.
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a security that represents part ownership or equity in a company
Answers
why might a government interfere in a market econonmy by setting prices
Answers
A government may interfere in a market economy by setting prices for various reasons. One of the primary reasons is to correct market failures or address certain societal objectives that cannot be efficiently achieved through market mechanisms alone.
Here are a few key reasons why a government might choose to set prices:
Price Stability: Governments may intervene to maintain price stability, especially in essential goods and services, to prevent excessive inflation or deflation. Price controls, such as price ceilings or floors, can be imposed to limit price fluctuations and ensure affordability or fair returns for producers.
Market Regulation: Governments may set prices to regulate industries and protect consumers. This can include setting price caps to prevent monopolistic practices, price gouging, or ensuring fair competition. Regulations aim to promote fairness, and consumer protection, and prevent market abuses.
Redistribution of Income: Governments may use price-setting mechanisms to promote social equity by ensuring access to essential goods and services for disadvantaged groups. Subsidies, price discounts, or income-based pricing can be implemented to make goods more affordable for low-income individuals or specific segments of the population.
Strategic Objectives: Governments may set prices to achieve strategic objectives, such as stimulating certain industries or sectors of the economy. This can involve subsidizing key industries, setting preferential pricing for strategic goods, or promoting specific technologies or practices.
While price-setting interventions can address certain market imperfections or policy goals, it is important for governments to carefully consider the potential unintended consequences, market distortions, and the long-term sustainability of such interventions. Balancing market forces with targeted interventions is crucial to ensure efficient resource allocation and economic growth.
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round 312,5 up to rand
Answers
Answer:
313 rand
Explanation:
To round up any number, ynetraing decimal. Value is accessed if the value is less than or equal 4 , we round the value to 0 ; however, if the value is greater Than or equal to 5 ; we round up to 1 and add to the preceeding digit or value.
In this case ; 312. 5 will be rounded to 313 ;
Since th trailing digit is 5 ; we round up to 1 and add to the preceeding value ; 2 + 1 = 3
Hence, 313 rand
When should a person proceed with a
choice in terms of marginal benefits
and cost?
O when the market is high
O when there is no difference
O when the benefits outweigh the
cost
Answers
Answer:
when the difference outweighs the cost
Why were the Middle Colonies economically successful?
Answers
The Middle Colonies, which include New York, Delaware, Pennsylvania, and New Jersey, were economically successful due to their diverse economy and natural resources.
These colonies had a diverse economy, which included agriculture, manufacturing, and trade. The fertile soil allowed for the growth of cash crops such as wheat, corn, and tobacco. They also had access to navigable rivers that were used for transportation, and this allowed for easy trading with other colonies and with Europe. The Middle colonies also had abundant natural resources like timber, coal and iron ore, which allowed them to develop manufacturing and shipbuilding industries. Additionally, the diverse population and religious tolerance in these colonies attracted many skilled and enterprising immigrants, which further helped to boost their economy.
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HELP ME PLEASE************
Answers
Answer:
The 1st one because I would want the product to be okay for me to use and not under pay for something that will harm me.
Explanation:
It is just plain facts!!!
first engineering, a large u.s. based mechanical engineering firm, is considering entering the global market. upon careful analysis of the global market, they will find that global trade
Answers
first engineering, a large u.s. based mechanical engineering firm, is considering entering the global market. upon careful analysis of the global market, they will find that global trade is big business today and is expected to be more important in the future.
A system is a bodily machine using strength to use forces and control motion to perform an movement. The time period is generally applied to artificial devices, including the ones using engines or cars, but additionally to herbal organic macromolecules, together with molecular machines. Machines may be driven by way of animals and those, through natural forces including wind and water, and by means of chemical, thermal, or electric energy, and include a system of mechanisms that form the actuator enter to obtain a particular software of output forces and motion. They also can include computers and sensors that reveal performance and plan movement, regularly referred to as mechanical structures.
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if a u.s. textbook publishing company sells texts overseas, u.s. net exports decrease, and u.s. net capital outflow increases. increase, and u.s. net capital outflow decreases. increase, and u.s. net capital outflow increases. decrease, and u.s. net capital outflow decrease
Answers
If a U.S. textbook publishing company sells texts overseas, the effect on U.S. net exports is an increase. Additionally, the effect on U.S. net capital outflow is an increase.
When a U.S. textbook publishing company sells texts overseas, it leads to an increase in U.S. net exports. Net exports represent the value of exports minus the value of imports. In this case, the company's sales of textbooks to other countries contribute positively to U.S. net exports, as it represents an export of goods.
Furthermore, this activity does not directly impact U.S. net capital outflow. Net capital outflow refers to the difference between the outflow of capital from a country and the inflow of capital into that country. The sale of textbooks by the publishing company does not involve a direct exchange of capital, but rather the exchange of goods.
Therefore, the effect is an increase in U.S. net exports and no direct impact on U.S. net capital outflow.
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How much y’all think I’m worth?
Y’all think ima great dancer?
Who follows me
Answers
Answer:
What????..............