65% of each dollar of net sales is available to cover other expenses and contribute to net income.
The gross margin ratio is calculated by dividing the gross margin by net sales. The gross margin is calculated as the difference between net sales and cost of goods sold (COGS), and is a measure of a company's profitability before taking into account other expenses.
In this case, the net sales were $691,200, the cost of goods sold was $239,150, and the net income was $41,950. So, the gross margin can be calculated as:
Gross margin = Net sales - COGS
= $691,200 - $239,150
= $452,050
Finally, the gross margin ratio can be calculated as:
Gross margin ratio = Gross margin / Net sales
= $452,050 / $691,200
= 0.65 or 65%
This means that 65% of each dollar of net sales is available to cover other expenses and contribute to net income. Gross margin ratio is a useful tool for companies to evaluate their profitability and measure their ability to generate profits from their sales.
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which of the following factors causes a decrease in supply? select one: a. a decrease in demand b. a decrease in the price of the product c. an increase in the price of the product d. new taxes on output
A decrease in supply occurs when the quantity of a good or service that producers are willing and able to provide decreases, even when the demand for that good or service remains the same.
The main cause of a decrease in supply is an increase in the cost of production. For example, if the price of raw materials used to produce a product increases, it may become more expensive to produce that product, leading to a decrease in supply. Similarly, if the cost of labor increases, it may also become more expensive to produce the product, leading to a decrease in supply.
In conclusion, a decrease in supply occurs when the cost of production increases, making it more expensive for producers to produce a product. This can result from factors such as an increase in the price of raw materials, an increase in the cost of labor, or new taxes on output, which all raise the cost of production. In contrast, a decrease in demand, a decrease in the price of the product, or an increase in the price of the product would not typically cause a decrease in supply.
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in the late 1980s, the health benefits of oat bran were widely advertised. if the price of oats increased 50%, causing the quantity of oats supplied to increase by 40%, then the price elasticity of supply was
The advantages of oat bran for health were widely publicized in the late 1980s. The price elasticity of supply was 0.80 if the price of oats rose by 50% which led to a 40% increase in the amount supplied.
What is price elasticity?
Price elasticity of demand measures how much a product's consumption changes in response to price changes. Price elasticity is a tool used by economists to analyze how supply and demand for a product fluctuate in response to price changes. Supply has an elasticity, or price elasticity of supply, much like a demand. Price elasticity of supply is the correlation between a price change and a supply change. It is computed by subtracting the percentage change in price from the percentage change in quantity delivered. The two elasticities work together to define what products are produced and at what costs.
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you are working on a project with your team that has a deadline for tomorrow. the project is 70% completed. you just received an email from your manager, jordan, requesting that you complete a new task by the end of the day. both tasks are equally important. how would you handle the competing tasks?
If there is too much work for one person to handle, consider delegating some tasks to team members. Make sure to communicate clearly with your team and delegate tasks based on their strengths and workloads.
Delegating tasks is the process of assigning specific responsibilities and duties to others within an organization. This can be done by supervisors or managers to their subordinates or by team leaders to team members. The goal of delegating tasks is to maximize efficiency and productivity by allowing individuals to focus on their strengths and areas of expertise. When done effectively, delegating tasks can lead to increased job satisfaction, better collaboration, and improved results.
However, delegating tasks requires effective communication, trust, and a clear understanding of expectations. The delegation process should involve clearly defining the task, assigning a deadline, providing necessary resources, and establishing clear lines of communication. Additionally, the person delegating the task should follow up regularly to ensure that the task is being executed effectively.
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When licensees have disputes with one another regarding earning or splitting compensation, to whom or what entity would they direct their concerns
When licensees have disputes with one another regarding earning or splitting compensation, they may direct their concerns to the licensing organization or governing body that issued the license.
The exact entity to which they would direct their concerns would depend on the specific licensing agreement and the governing laws of the jurisdiction in which they operate.
For example, if the licensees are real estate agents, they may direct their concerns to their brokerage firm, the state real estate licensing board, or a professional organization for real estate agents. If the licensees are in a trade or professional organization, they may direct their concerns to the governing board.
In some cases, the license agreement may include a dispute resolution process or mechanism, such as mediation or arbitration, which the licensees must follow in the event of a dispute. In such cases, the licensees would need to follow the steps outlined in the agreement to resolve their dispute.
In general, it is always best for licensees to review their licensing agreement and any relevant laws or regulations to determine the proper course of action in the event of a dispute.
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which two types of process automation can be used to calculate the shipping cost for an order when the order is placed and apply a percentage of the shipping cost to some of the related order products?
Two types of process automation that can be used to calculate the shipping cost for an order when the order is placed and apply a percentage of the shipping cost to some of the related order products are: Business Process Automation (BPA) and Rules Engine Automation.
Business Process Automation (BPA): This involves automating manual, repetitive, and time-consuming tasks within a business process, such as calculating shipping costs and applying a percentage of the shipping cost to related products.Rules Engine Automation: A rules engine is a software tool that can be used to automate decision-making processes based on defined rules. In this case, a rules engine can be used to apply a percentage of the shipping cost to some of the related order products based on specific business rules.
Both BPA and rules engine automation can increase efficiency, reduce errors, and improve accuracy in the shipping cost calculation and application process.
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If the income elasticity of a good is 0.8, what do we know about the good? A. It is a normal good. B. It is an inelastic good. C. It is an inferior good.
If the income elasticity of a good is 0.8, we know that the good is normal good.
Income elasticity of demand is a measure of the responsiveness of the quantity demanded of a good to a change in consumers' income. It is calculated as the percentage change in the quantity demanded of a good divided by the percentage change in income. If the income elasticity of a good is greater than 1, it is considered a normal good. Normal goods are goods for which the demand increases as income increases. In contrast, if the income elasticity of a good is less than 1, it is considered an inferior good. Inferior goods are goods for which the demand decreases as income increases. If the income elasticity of a good is equal to 1, it is considered an inelastic good.
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macey, inc.'s invested assets were $300,000 at the beginning of the year and $400,000 at the end of the year. total revenue was $1,050,000, and net operating income was $70,000. return on investment was
Macey,Inc. had a 20% return on investment for the time.Macey,Inc.'s return on investment( ROI) is a measure of how efficiently the company's invested means have generated profit during a certain period of time.
To calculate the ROI, we need to know the average invested means and the net operating income for the time. The average invested means can be calculated by adding the morning and end of time invested means:
Invested Assets = ($400,000 + $300,000) / 2 = $350,000
The net operating income was$70,000. Dividing the net operating income by the average invested means and multiplying by 100 gives us the ROI
($70,000/$350,000) ×100 = 20.
This means that Macey,Inc. had a 20% return on investment for the time, indicating that the company generated 20 cents of net operating income for every bone invested.
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how do agile teams collaborate with their business partners and stakeholders to create business value for the organization and their users? select all that apply.
Answer:
Explanation:
The term collaboration is diversely used and has various definitions, depending on the context. We hope co-workers to collaborate to sort out work challenges.
.While collaboration is measure in nearly every environment, eventually we see that it is still sometimes hard for projects, particularly agile projects, to enjoy the level of collaboration required for victory.
The Agile Manifesto places great emphasis on customer collaboration, with a keen focus on a highly talented, motivated team in constant interaction with the product and the customer at every phase of the project.
Consequently, of this collaborative, customer-centric view, agile requires even sharper people skills than the more process-driven traditional project management vision.
Agile demands a particular set of leadership competencies within such an iterative, fast-paced environment.
This paper will encourage a guide to the challenges that a lack of collaboration on project groups can bring, as well as parameters to encourage not only team members, but also key shareholders and clients to vision more collaboratively from project inception to delivery.
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you buy 500 shares of stock at a price of $76 and an initial margin of 65 percent. if the maintenance margin is 30 percent, at what price will you receive a margin call? (do not round intermediate calculations. round your answer to 2 decimal places.)
You have purchased shares worth:
Value of shares = 500 * 84 = 42,000
Your initial margin was 80%, so you have borrowed 20%, which is:
Debt = 42,000 * 0.2 = 8,400
We know that your equity during the margin call will be 30% of the position. So,
Maintenancemargin=Equity/Equity+Debt
0.3=Equity/Equity+8,400
Equity=3,600
Thus, at the time of the margin call the value of your position is:
Value of position = Equity + Debt = 3,600 + 8,400 = $12,000
The stock price will be:
Share price = Value of stocks / Shares = 12,000 / 500 = 24
You will receive a margin call when the stock price is 24.
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why does government spending have more of an impact in increase aggregate demand than decreasing taxes
The impact of the government spending on aggregate demand is more significant than impact of tax reductions.
What is aggregate demand?Aggregate demand is the total amount of goods and services demanded in an economy at a given time and at a given price level. It is the sum of all individual demands for goods and services, which can be represented graphically as a downward-sloping curve. A change in any one of the four components of aggregate demand (consumer spending, business investment, government spending, and net exports) can shift the aggregate demand curve. An increase in aggregate demand leads to higher economic growth and inflation, while a decrease in aggregate demand results in lower economic growth and deflation. Policymakers use various tools, such as monetary policy and fiscal policy, to influence aggregate demand and stabilize the economy.
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Complete Question:
why does government spending have more of an impact in increase aggregate demand than decreasing taxes?
multiple choice unique risk decreases and approaches zero. market risk decreases. unique risk decreases and becomes equal to market risk. total risk approaches zero.
As the number of stocks in a portfolio is increased unique risk decreases and becomes equal to market risk. So the option C is correct.
This is because as the number of stocks are increased, the individual stocks become more diversified and the risk associated with them becomes more evenly distributed. This reduces the risk of any single stock having a large impact on the portfolio's overall performance.
As the number of stocks increases, the portfolio's overall risk will eventually converge towards the risk of the market as a whole. Thus, increasing the number of stocks in a portfolio reduces the unique risk of the portfolio and brings it closer to the market risk.
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The complete question is:
As the number of stocks in a portfolio is increased:
A) Unique risk decreases and approaches to zero
B) Market risk decrease
C) Unique risk decreases and becomes equal to market risk
D) Total risk approaches to zero
what advancement allowed steel to be mass-produced?
After the advancement of Bessemer converter, the steel was produced in bulk.
The steam engine was eventually developed after several trials with steam power. Steel was a pricey material before the industrial revolution. Then the Bessemer converter was created, enabling large production of steel at a lower cost. Bessemer steel was utilised to construct railroads and ships by 1870. Given that it could support bigger and faster engines and carriages, railways found it to be particularly helpful. The development in mechanisation at the period led to factories being more productive. The cost of resources was falling, machinery output was rising, and improved ship and rail transport enabled greater international trade. The economy was growing.
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A business that has a philanthropy program engages in this activity because: _________
A company with a philanthropy program may participate in this activity for a variety of reasons, including Philanthropy initiatives may indicate a company's commitment to being a good corporate.
citizen and having a beneficial influence on society. Reputation management: By supporting causes that are important to its stakeholders, a company may improve its public image and reputation. Employee engagement: Philanthropy initiatives may also assist to engage and encourage workers by providing a sense of purpose and making them feel as if they are making a difference in the world. Relationship building: Philanthropy initiatives may also assist a business in developing connections with key stakeholders like as customers, suppliers, and the community. Overall, a philanthropic program can be beneficial. a range of benefits to a business and can help it to achieve its broader social and strategic goals.
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ou purchase 11 call option contracts with a strike price of $55 and a premium of $4.50. assume the stock price at expiration is $67.89. a. what is your dollar profit? (
The majority of people consider net profit to be the monetary profit generated by a business. It represents the company's net profit after all costs. Earnings is another name for it.
You might be wondering, "What constitutes a decent profit margin?"In general, a 10% net profit margin is regarded as typical, a 20% margin as high (or "excellent"), and a 5% margin as low. However, a decent margin will differ significantly per industry.
1) price of a stock at expiration Call option strike price is lower at 67.89, -55.00.
Less: 4.50 for the call premium.
Profit per share 8.39 x Shares outstanding = 11*100
1,100
9,229 dollars in total profit
2) The call is worthless if the stock price is $53.84, hence the dollar return is $ -4950 (4.5*1100).
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Full Question = You purchase 11 call option contracts with a strike price of $55 and a premium of $4.50. Assume the stock price at expiration is $67.89.
1. What is your dollar profit? (Do not round intermediate calculations. Omit the "$" sign in your response.)
Dollar profit $
2. What if the stock price is $53.84? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Omit the "$" sign in your response.)
If an increase in the price of coconut oil brings about an increase in total revenue, then the percent rise in price is _____ in magnitude than the percent decline in quantity demanded.
If an increase in the price of coconut oil brings about an increase in total revenue, then the percent rise in price is Greater in magnitude than the percent decline in quantity demanded.
Total revenue is the overall sum of money received by a business through the sale of its products and services. Based on demand and price, it measures how successfully a company is generating revenue from its main operations. The price of the goods and services is multiplied by the whole volume of sold goods and services to arrive at the calculation. Because it represents the increase in total revenue from selling one additional unit of a good or service, marginal revenue is directly tied to total revenue. Total revenue is significant because, in order to increase profits, firms want to maximise the gap between their total revenues and total costs.
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each supplier of a company receives a written contract spelling out all the terms of their business relationship. both the company and the supplier sign the contract, which indicates their acceptance of the the terms. which condition of contract law does this describe?
Written agreements. Written agreements offer both participants more security than verbal agreements. It spelled out precisely what was agreed upon.
Is it stated in the formal agreement with the supplier that payment will be made at a specific time?
In foreign markets, a distribution contract is frequently required to secure special pricing as well as other advantages that the supplier has agreed to give the customer for something like a predetermined amount of time.
One-sided, bilateral, contingent, unenforceable, express, implied, completed, and final and binding agreements are only a few examples of the variation order kinds that exist. Based on quasi-contract, it may be broadly categorized.
What are the four different forms of contracts?
4 Different Forms of Construction Contracts
Lump-Sum Agreements.
Cost-Plus-Fee Agreements
Contracts with a Pre - negotiated Price.
Unit-Price Agreements.
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gary meltzer, the engineering manager, receives weekly progress reports from all engineers he manages. he encourages them to take ownership of their assignments. most of the engineers agree that he trusts his engineers. what kind of management theory is he applying?
The correct answer to the question above is 'Theory Y".
There are so many theories about managemet, one of the theory called as Theory Y. Douglas McGregor drew a distiction bewteen the assumption about human motivation into two approaches. Theory Y -> the integration of goals, this theory emphasis the average person's instinct interest in his work, his desire to be self-directing and to seek responsibility, and his capacity to be creative in solving business problems. Based on this theory, people have positive assumption towards human motivation. Theory X -> this theory approaches it with "negative" way. They assumes that people disliske work and must be coerced, dorected towards organization goals, and colntrolled.
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a mission statement answers which of the following questions? group of answer choices what business are we in? what are our goals? how can we serve our target markets? what do we want to become? which is our market position?
A mission statement typically answers the questions "What is our purpose?" and "What do we want to become?"
It defines the company's purpose, values, and goals and serves as a guide for decision making and strategy development.
It also answers the question "What business are we in?" by outlining the company's core products or services and market focus. Mission statements may also provide some information about how the company plans to serve its target markets, but this is not always the primary focus. The market position of a company is usually not directly addressed in a mission statement.
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what is the name of the rule used to analyze employment practices to determine if disparate impact occurs? multiple choice question. four-fifths rule prima facie disparate impact adverse impact rule
"What is the name of the rule used to analyze employment practices to determine if disparate impact occurs?" the answer is The four-fifths rule.
According to the "four-fifths rule," a test has a discriminatory impact if hiring rates for minority groups are less than four-fifths (80%) of those for majority groups. According to the "four-fifths rule," there will be negative effects on a group if its selection rate is less than 80% of the group with the greatest selection rate.
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in order to control quality for a process in which knowledge is advanced and well developed, it is best to control the
Quality control for a process in which knowledge is advanced and well developed is best achieved through the implementation of a rigorous process that is designed to ensure that all steps are completed accurately and efficiently.
Here, correct answer will be
This should include a detailed quality assurance plan that outlines the steps to be taken to ensure that the process works properly and produces the desired results.
This should include measures such as regular inspections, audits, and tests to ensure that the process is operating as expected. Additionally, feedback from stakeholders should be regularly sought and documented in order to ensure that the process is meeting their needs and expectations.
Finally, the process should be regularly monitored and reviewed to ensure that any issues that arise can be quickly addressed and rectified. By taking these steps, an organization can ensure that the process is running smoothly and efficiently, and that the quality of the product is consistently high.
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in a highly competitive industry, what are the likely consequences of a firm neglecting its current core competencies?
Neglecting a firm's current core competencies can have several consequences in a highly competitive industry: Loss of market share, Decreased profitability and Decreased customer satisfaction.
Loss of market share: If a company fails to invest in its core competencies, it may lose its competitive advantage and struggle to retain its market share. Competitors who are investing in their core competencies and innovating may attract customers away from the neglected firm.
Decreased profitability: Neglecting core competencies can lead to decreased efficiency, quality, and productivity, which can result in decreased profitability over time.
Decreased customer satisfaction: A decline in the quality of products or services can lead to decreased customer satisfaction, which can harm the company's reputation and reduce the likelihood of repeat business.
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what tool might a company decide to use to track a variety of performance measures across the organization? answers hr dashboard balanced scorecard swot analysis stakeholder analysis
The balanced scorecard is an indicator used to pinpoint, enhance, and manage a company's numerous operations and outcomes.
This same balanced scorecard is a managerial scheme designed to convert an organisation ’s objectives into a list of organisational performance objectives. The quality management tool that contrasts strategic objectives and outcomes is the scorecard. Utilizing this instrument, management can carry out its strategy by coordinating performance with objectives. The Appropriate form is a tool to aid in monitoring, managing, and enhancing the function of HR within an organisation. The HR scorecard is used to measure HR measurements, KPIs, and HR deliverables. This information is also utilised to forecast.
(what tool might a company decide to use to track a variety of performance measures across the organization?
A. dashboard
B. balanced scorecard
C. swot analysis
D. stakeholder analysis)
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10. Pilihan ganda1 minute1 ptQ. An increase in United States imports will result in which of the following in foreign exchange markets?Pilihan jawabanIncrease foreign demand for United States dollarsDecreased supply of United States dollarsIncreased United States demand for foreign currenciesA decrease in the value of foreign currenciesAn increase in the value of the United States dollar
Option C is Correct. Increased American demand for foreign currencies on currency exchange markets will follow an increase in American imports.
Compared to the United States, prices in other nations are rising more quickly. U.S. goods will be relative bargains compared to global goods and services as international prices rise faster than those in the U.S. As a result, net exports will rise as U.S. exports rise.
In comparison to other nations, the US has a low rate of inflation. The value of the dollar would rise as a result of the United States' low rate of inflation in comparison to other nations. Because home currency has appreciated, there is a greater need for foreign currency (it can also be said that there is a depreciation).
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Correct Question:
An increase in United States imports will result in which of the following in foreign exchange markets?
(A) Increased foreign demand for United States dollars
(B) Decreased supply of United States dollars
(C) Increased United States demand for foreign currencies
(D) A decrease in the value of foreign currencies
(E) An increase in the value of the United States dollar
the project represented by this network diagram has activity lengths in days and crash costs as shown in the table. what is the cheapest crash cost for the project if the contractor must complete all work in 44 days?
Crash Cost (in $):
Activity 1: 10,000
Activity 2: 8,000
Activity 3: 5,000
Activity 4: 6,500
Activity 5: 7,500
Activity 6: 4,500
The cheapest crash cost for the project if the contractor must complete all work in 44 days is $35,000.Therefore, the weekly cost of crashing will be $10,000 for Crash A and $12,000 for Crash B. The cost increase per unit of time is far smaller if A crashes before B, hence it is obviously preferred. The critical path may alter or a new, distinct critical path may arise as a result of a project's failure. To ensure you are aware of any modifications made as a result of the project crashing, project crash management calls for you to go back to your project schedule.
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required: 1. compute its product cost per unit using variable costing. 2. determine the cost of ending finished goods inventory using variable costing. 3. determine the cost of goods sold using variable costing.
the entire variable expenses spent, as well as the completed items inventory at the end. I can't calculate the product cost per unit, the cost of terminating completed goods inventory.
or the cost of goods sold using variable costing without this information. Variable costing is a cost accounting approach in which only variable expenses are used to calculate product costs. Variable expenses, such as raw materials and direct labor, change directly with the amount of output. Fixed expenses, such as rent and depreciation, are not included in the variable costing computation of product costs. Using variable costing, calculate the product cost per unit as follows: Total all variable expenses incurred throughout the time, including raw materials, direct labor, and variable overhead.
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a trader enters into a long position in one eurodollar futures contract. how much does the trader gain when the futures price quote increases by 6 basis points?
A trader opens a large position in one contract of eurodollar futures. When the futures contract quote rises by 6 basis points, the trader makes a profit of $150.
A large position in an ED futures market is essentially a short call on the interest rate for the 90-day LIBOR period. In the previous illustration, the implied LIBOR rate dropped besides 8 percentage points, from 8. 0% to 7. 92%, resulting in a profit of 8 x 25 = $200 on the long position. The implied 3-month US dollar LIBOR rate of interest is subtracted from 100 to depict the price of Eurodollar futures in numbers. In this manner, a $96.00 price for a eurodollar futures contract represents an implied 4% settlement interest rate, or 100 less 96. Inversion of price and yield.
( A trader enters into a long position in one Eurodollar futures contract. How much does the trader gain when the futures price quote increases by 6 basis points?
A. $6
B. $150
C. $60
D. $600)
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when would we expect to see undesired or unplanned inventory decumulation?
Undesired or unplanned inventory decumulation can occur for a variety of reasons. One common cause is a decrease in demand for a business's products. If sales slow down and the business is unable to move its inventory as quickly as it had anticipated. It may find itself with more inventory on hand than it needs.
Another reason why unplanned inventory decumulation can occur is due to supply chain disruptions. If a business relies on a particular supplier or source of raw materials, and that supplier experiences a disruption in its operations, the business may find itself unable to replenish its inventory as quickly as it had planned.
This can lead to undesired inventory decumulation, as the business may be forced to reduce its inventory levels in order to avoid stockouts or disruptions in its own production processes.
Finally, unexpected changes in market conditions can also lead to unplanned inventory decumulation. For example, if a business's competitors introduce new products or technologies that render its existing inventory obsolete or less desirable, the business may find itself with excess inventory that it needs to get rid of in order to stay competitive.
Similarly, changes in consumer preferences or behavior can also lead to unplanned inventory decumulation, as businesses may need to adjust their inventory levels in order to keep up with shifting demand patterns.
While inventory decumulation can be a deliberate strategy for freeing up cash or optimizing inventory levels, businesses must also be prepared to respond to unplanned decumulation in order to avoid stockouts, disruptions, or other negative consequences.
By carefully monitoring demand, supply chain risks, and market conditions, businesses can proactively manage their inventory levels and avoid the negative consequences of unplanned decumulation.
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producer tina has recently received many requests for cell phone coverage from auto insurance customers. she feels that this type of coverage could be inexpensive for the insurer to develop but could possibly attract youthful policyholders. tina should discuss her product innovation ideas with the insurer's
Tina should start her process by researching the current market trends of auto insurance customers.
She should review customer feedback, analyze customer preferences and understand the current customer base and their needs. She should then develop a strategy to introduce cell phone coverage with an attractive and cost-effective package. She should also consider the profile of the potential policyholders, especially the younger ones, and develop her product to cater to their needs.
Once her research and product development is complete, Tina should present her findings to the insurer. She should explain the potential benefits of introducing cell phone coverage such as increased customer satisfaction, increased policyholder retention, and cost-effectiveness. She should also provide a financial analysis of the proposed product and its potential impact on the insurer's profits. Finally, Tina should include a detailed marketing plan to promote the product and attract new policyholders.
Tina's presentation should convince the insurer of the potential benefits of cell phone coverage. If successful, her product innovation could help the insurer attract younger policyholders, increase customer satisfaction, and increase their profits.
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the spot price of silver is $11.00 per ounce and the futures expires in one year trades for $12.20, what is the implied cost of carry?
Silver is currently trading at a spot price of $11.00 per ounce and at a one-year expiration price of $12.20. The implied cost of carry is 10.35.
Any expense that has already happened but isn't always shown or reported as a separate charge is considered an implicit cost. It stands for an opportunity cost that develops when a business commits internal resources to a project without receiving any direct payment in exchange.
The cost of resources the company already has but could have used for another purpose constitutes implicit costs, a particular sort of opportunity cost. For instance, a business owner who is also a laborer may work for pay at a job.
[tex]F_{0}[/tex] = 12.20
[tex]S_{0}[/tex] = $11
Final [tex]F_{0}[/tex] = ln(r+u)
Final [tex]F_{0}[/tex] = ln(12.20+11)
= ln(23.20)
= $ 10.35
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a graphical representation of a project that shows each task as a horizontal bar whose length is proportional to its time for completion defines:
PERT ( Program Evaluation Review Technique) ( Program Evaluation Review Technique) Three estimates are used in PERT for each activity.
Program Evaluation Review Technique is what it's called. PERT charts are tools for planning project tasks that make it simpler to schedule and manage team members working on the task at hand. PERT is a project management planning technique used to estimate how long it will take to complete a project in a reasonable amount of time. Thus, PERT is a method for analysing and organising the tasks involved in finishing a project, for estimating the time required to accomplish each work, and for calculating the minimum amount of time required to finish each project.
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