Monica Company's standard labor cost per unit of is $310000 $11.00 per incurs 29601 direct lalor at an hourle cont of $12.10per hour in making 1.200 units of Compute the total price and quantitylabor variances and to 2 decimal p52.75 $ Labor price variance Labor quantity variance 1 During up the het product
Answers
To calculate the total labor price variance and labor quantity variance for Monica Company, we need to use the standard labor cost per unit and the actual labor data.
Here are the calculations:
Labor price variance:
Standard labor cost per unit = $11.00
Actual labor cost per hour = $12.10
Actual hours incurred = 29,601
Standard hours allowed = 1,200
Labor price variance = (Actual labor cost per hour - Standard labor cost per unit) x Actual hours incurred
Labor price variance = ($12.10 - $11.00) x 29,601
Labor quantity variance:
Standard labor cost per unit = $11.00
Standard hours allowed = 1,200
Actual hours incurred = 29,601
Labor quantity variance = (Actual hours incurred - Standard hours allowed) x Standard labor cost per unit
Labor quantity variance = (29,601 - 1,200) x $11.00
Now we can calculate the values:
Labor price variance = ($12.10 - $11.00) x 29,601 = $32,634.10
Labor quantity variance = (29,601 - 1,200) x $11.00 = $314,211.00
Therefore, the labor price variance is $32,634.10 and the labor quantity variance is $314,211.00 for Monica Company.
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Related Questions
A healthcare organization with 2 hospitals, 20 clinics, and 3 urgent care centers belongs to an ACO program. They have been in the shared savings program for two years and are now eligible to move large payments to a population-based model as they have been successful in keeping costs down and have met all the CMS benchmarks set for them. What type of ACO is this
Answers
Answer:
Pioneer ACO Model
Explanation:
The Pioneer ACO Model refer to the cms innovation center where it designed to support the organization with experience or the similar arrangement that could provide more coordinated care at the lower cost Since in the given situation they are eligible and shift to the large kind of payment so that the cost can be come down also it mets the benchmarks of the CMS so here the pioneer ACO model could be considered
Think of a futuristic business. Then identify the level and type of production that it would undertake. W/ all relevant information.
Give a description of the business.
Answers
The futuristic business would be a robot selling business, the business would produce robots that will help the individuals in their household work.
What is Business?A business is an idea of trade, the individual starts a business to earn profits by investing capital. The business have major four heads, capital, assets, liabilities and income.
The futuristic business idea would be the production of robots which will be produced by robots itself that is machines in a factory, however the robots will be customized as per the customer requirements and the actions required will be embedded in the robot system.
The robots will help the individuals in their household work, it will cook, clean the house, take out trash and more. The robots will be made at a large scale and the customization will be required on the system only.
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If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
Trail Bikes, Inc., makes and distributes Trail-brand bicycles and accessories to authorized dealers. To prevent price-cutting by dealers in direct competition, Trail Bikes imposes limits on where each dealer can sell Trail products. This is
Answers
Answer:
Territorial restriction
Explanation:
Territorial restriction is the way that a manufacturer restricts the territory where a wholesaler or retail seller is able to sell products.
Manufacturers usually use this technique to reduce Interbrand competition and control price.
In the given scenario Trailer Bikes Inc supplies bicycles to dealers and restricts where they can sell the bicycles to prevent price-cutting by dealers in direct competition.
Which of the following is not one of the 3 major ways to save for retirement
that were discussed in class?
O a. Saving and investing throughout your life
O b. Getting paid via benefits from social security
O d. Liquidating the majority of your assets into cash
O c. Leveraging benefits from your previous job
Answers
The option that is not one of the 3 major ways to save for retirement discussed in class is option
(d) liquidating the majority of your assets into cash.
What is a better way to save for retirementThis is not a sustainable strategy for retirement savings as it involves selling off assets that could potentially generate income and growth over time.
The three major ways to save for retirement are:
a. Saving and investing throughout your lifeb. Getting paid via benefits from social securityc. Leveraging benefits from your previous job (such as a pension plan or 401(k))Learn more about retirement savings at
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1.
Control Account is known as
Answers
1. At the beginning of 2012 Marriott International, Inc. had
$5,910 million in assets and $(781) million in equity. During 2012,
Marriott’s assets increased by $ $432 million while its equity
decrea
Answers
At the beginning of 2012, Marriott International, Inc. had $5,910 million in assets and $(781) million in equity. During 2012, Marriott's assets increased by $432 million, while its equity...
decreased, as indicated by the statement being cut off. To determine the change in equity, we need more information to complete the sentence. However, we can calculate the change in equity if we have the ending equity value.
If we assume that we have the ending equity value for 2012, we can calculate the change in equity by subtracting the beginning equity from the ending equity. This will give us the net change in equity over the year.
Once we have the net change in equity, we can analyze the financial position of Marriott International, Inc. during 2012. Positive changes in equity indicate growth and profitability, while negative changes signify a decline in equity. It is essential to evaluate the reasons behind these changes and assess their impact on the company's financial performance.
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An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answers
Answer:
the answer is planning, ensuring, and acting
the task of top executives in making corrective adjustments includes
Answers
The task of top executives in making corrective adjustments includes identifying issues or problems, analyzing the root causes, and implementing necessary changes to address them effectively.
Top executives play a crucial role in overseeing the strategic direction and performance of an organization. When issues or problems arise that hinder the achievement of organizational goals, it becomes their responsibility to make corrective adjustments. This task involves a series of steps aimed at identifying, analyzing, and implementing necessary changes.
Firstly, top executives need to identify the issues or problems that require corrective action. This could be based on feedback from employees, performance metrics, customer complaints, or market trends. Once identified, they need to delve deeper into the root causes of these issues. This may involve conducting data analysis, gathering insights from various sources, and seeking input from relevant stakeholders.
Based on the analysis, top executives can develop appropriate strategies and action plans to address the identified problems. This may involve revising organizational policies, restructuring processes, allocating resources differently, or implementing new initiatives. They need to communicate these changes effectively throughout the organization and ensure their implementation.
Furthermore, top executives need to monitor and evaluate the impact of the corrective adjustments made. This includes tracking the effectiveness of the changes, gathering feedback from employees and stakeholders, and making further refinements if necessary.
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There are 102 women and 48 men in a chool marching band. Find the ratio of women to men
Answers
102 women & 48 men make up a school marching band, making this same ratio for women to men 34:16, according to the supplied statement.
What would a lady today be considered?According to the revised Cambridge Dictionary definition, a woman is now described as "an adolescent whom lives as identifies as female despite getting been regarded to have an other birth gender." The dictionary also included several illustrations in line with the revised meaning.
102 females, 48 males
36 women and 48 men are obtained by dividing both sides by 3.
So, the gender split is 34:16 for males and women.
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Q1.
Your company invested $500,000 five years ago that is now worth $1476732.
What is the annual interest rate that the company earned on compound interest basis.
Note: Provide your answer rounded to one decimal place WITHOUT the $ sign (ex: 23,4).
Q2.
How long does it to take double an investment if the investment pays only simple interest at the rate of 14 % per year?
Answers
: The annual interest rate that the company earned on the compound interest basis is 10.2%.Explanation:Given thatThe present value of the investment (PV) = $500,000The future value of the investment (FV) = $1,476,732n = 5 yearsRate of interest (r) = ?We need to find the annual rate of interest earned by the company on the compound interest basis.
So we use the formula for compound interest and solve for the rate of interest.r = [(FV / PV)^(1/n) - 1] * 100Putting the values in the formula, we get,r = [(1,476,732 / 500,000)^(1/5) - 1] * 100r = 10.2%Therefore, the annual interest rate that the company earned on the compound interest basis is 10.2%Q2.Main Answer: It will take 5 years to double an investment if the investment pays only simple interest at the rate of 14% per year.
Explanation:We know that the formula to calculate the amount of simple interest is given by:I = (P * r * t) / 100WhereI = Simple InterestP = PrincipalR = Rate of interestT = TimeThe amount A = P + IFor doubling the investment, the amount will be twice the principal.So, A = 2PA = P + (P * r * t) / 100Putting the values in the formula, we get,2P = P + (P * 14 * t) / 1002P - P = (P * 14 * t) / 100P = (P * 14 * t) / 100t = 100 / 14t = 7.14 yearsTherefore, it will take 7.14 years to double the investment if the investment pays only simple interest at the rate of 14% per year.Rounding off to 1 decimal place, we get,t = 7.1 years (approx)
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the factor used most often when underwriting a disability income policy isa. annual earningsb. sex of the insuredc. marital statusd. occupation
Answers
The factor used most often when underwriting a disability income policy is occupation. The correct option is D.
When determining the premium and coverage for a disability income policy, insurance companies primarily consider the policyholder's occupation. This is because certain jobs have higher risks of injury or illness, which could lead to a disability.
A person's occupation plays a significant role in assessing the likelihood of a claim being filed and the potential payout for a disability.
While other factors, such as annual earnings, sex of the insured, and marital status, may also be taken into account during the underwriting process, occupation remains the primary factor in determining the terms and conditions of a disability income policy.
Insurance companies may also use these factors in conjunction with occupation to further refine their risk assessment, but occupation will still have the most significant impact on the underwriting process.
Complete question:
The factor used most often when underwriting a disability income policy is:
a. annual earnings
b. sex of the insured
c. marital status
d. occupation
The factor used most often when underwriting a disability income policy is occupation.
Explanation:The factor used most often when underwriting a disability income policy is occupation. When determining the premium for a disability income policy, insurance companies consider the nature of the insured's occupation, as certain occupations carry different levels of risk for disability. For example, a construction worker may have a higher risk of a disabling injury compared to an office worker. Therefore, the occupation of the insured is an important factor in underwriting a disability income policy.
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hayesville corporation had net income of $9 million this year on net sales of $148 million per year. at the beginning of this year, its total equity was 58.8 million and it held $88 million in total liabilities. it paid out $2.5 million in dividends for the year. what is hayesville corporation's sustainable growth rate? (round to nearest whole percent
Answers
SGR = (Net Income / Total Equity) x (1 - Dividend Payout Ratio)
where the dividend payout ratio is the percentage of net income that is paid out as dividends.
In this case, we have:
Net Income = $9 million
Total Equity = $58.8 million
Dividends = $2.5 million
Net Sales = $148 million
Total Liabilities = $88 million
First, we need to calculate the dividend payout ratio:
Dividend Payout Ratio = Dividends / Net Income
= $2.5 million / $9 million
= 0.2778
Next, we can calculate the SGR:
SGR = (Net Income / Total Equity) x (1 - Dividend Payout Ratio)
= ($9 million / $58.8 million) x (1 - 0.2778)
= 0.1282 or 12.82%
Therefore, Hayesville Corporation's sustainable growth rate is 12.82% (rounded to the nearest whole percent). This means that the company can grow at a maximum rate of 12.82% per year using only internal funding sources, assuming all other factors remain constant.
government intervention is one possible solution for market failure. what is one possible reason why a government-controlled used car market may not provide an efficient outcome?
Answers
Correcting market failure issues related to public goods, outside costs and benefits, and perfectly competitive is one of the functions of government. It is always possible for government intervention to lower deadweight losses by bringing markets nearer to efficient solutions.
An outcome can only be accomplished if government actors focus on helping the economy rather than exploiting this option to obtain their personal incentives out of it if government intervention is taken to address market failure.
Government intervention:
Government intervention to correct market imperfections and regulate the macroeconomy may fall short of achieving a socially effective resource allocation. Government engagement in the economy that results in inefficiency and the improper use of limited resources is known as "government failure."
Government-controlled used automobile markets may not be able to achieve the efficient results that we anticipate since the government's incentives may not be in line with what market efficiency prefers.
Government players might have their own motivations that might not line up with the efficiency of the market, which is one cause why a government-controlled used automobile market might not produce an efficient result.
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Susan invested $50,000 and Bill invested $150,000. Why did Susan have a higher balance at the age of 65?
Answers
The reason Susan had a higher balance at the age of 65 is because she invested earlier than Bill.
What is an Investment?An investment refers to an act of dedicating an asset for the hope of attaining an increase in value over a period of time.
In this case, even with lower investment value, Susan will be able to have higher balance because she invested for longer period than Bills.
In conclusion, Susan had a higher balance at the age of 65 is because she invested earlier than Bill.
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PLEASE
what is lean production? in details (GCSE) keywords.
Answers
Answer:
actually I am very sorry I didn't learn this I don't take business
Explanation:
Sorry would there be anything else I can help u with
Greg is a founder who needs more money to continue operating his company. The company has a path to profitability and greg does not want to dilute his equity. He borrows $100 million from the silicon valley bank. What is this an example of? venture capital equity capital debt capital private equity
Answers
The given case of GREG is an example of Debt capital
Borrowed money that needs to be paid back later is referred to as debt capital. Any type of expansion capital that a business obtains through borrowing is referred to here. These loans could be either short- or long-term, like overdraft protection. Legally, businesses must fully remit interest on debt capital before paying any dividends to shareholders. As a result, debt capital takes precedence over annual profits on a company's list of goals.
When it comes to the payment of yearly returns, debt capital scores higher than equity capital. Therefore, legally, the interest on any debt capital must be fully returned before any dividends are paid to any equity contributors.
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What are two goals for a firm that implements an effective crm program?.
Answers
The two major goals for a firm that implements an effective CRM program are;
To capture new leads and move them through the sales process.To boost productivity and lower the overall costs of marketing and sales.An effective CRM program;The overall business goals of CRM systems are to help organizations by means of the following;
1. Capture new leads and move them through the sales process2. Support and manage relationships with current customers to maximize their lifetime value to the company 3. Boost productivity and lower the overall costs of sales and marketing.Read more on CRM program;
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"How many types of decision-making processes in decision support systems are there?
Choices:
A. Three
B. Four
C. Five
Answers
There are (B.) Four. main types of decision-making processes in decision support systems (DSS).
1. Structured decision-making: This process deals with well-defined and clear problems, where a specific solution can be identified based on given criteria. These decisions typically follow a set of rules or procedures and can be automated.
2. Semi-structured decision-making: In this process, some aspects of the problem are clear and well-defined, while others may be ambiguous or uncertain. Decision-makers must rely on both quantitative data and their intuition or judgment to arrive at a solution. These decisions often involve multiple steps and may require collaboration among multiple stakeholders.
3. Unstructured decision-making: This process involves complex, ambiguous, and uncertain problems, where no clear solution or decision-making procedure exists. Decision-makers must rely heavily on their experience, intuition, and judgment to identify potential solutions and make decisions.
4. Group decision-making: This process involves multiple individuals working together to reach a decision. This type of decision-making can involve any combination of structured, semi-structured, and unstructured problems, and often requires effective communication and collaboration among group members.
Decision support systems can help facilitate and improve decision-making processes by providing relevant information, tools, and models to support decision-makers in their tasks. Thus correct option is (B.) Four.
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A special type of project team that focuses on the verse in designing a implement a new product is a
Answers
Answer:
Product development team.
Explanation:
Product development team is special type of team which is formulated for designing a product and implement a new product. The product development team is responsible for the research of the new product and then formulae design for the product and then implement the product.
An economic evaluation has to be performed for a congestion mitigation project implemented on U.S. Route-52 in Indiana. The vehicle hours of travel time saved, unit travel-time value, and the average vehicle occupancy of each mode are given in Table EX5.3. Compute the travel-time savings using the plausible range of travel-time values recommended by USDOT (Tables 5.4 and E5.7). Assume that the wage rate is $16.25 for the automobile passengers and that the fringe benefits are worth $6.44. Table EX5.3 Input Data for Wage Rate Based Approach \begin{tabular}{lccccc} \hline & & & & \multicolumn{2}{c}{ Unit } \\ & Trip Purpose & Vehicle Hours Saved & Percent Miles Traveled & Travel-Time (dollars) Value & Average Vehicle Occupancy \\ \hline Local auto & On-the-clock & 300 & 10 & & 1.22 \\ & Off-the-clock & & 90 & & 1.58 \\ Intercity auto & On-the-clock & 150 & 15 & & 1.12 \\ & Off-the-clock & & 85 & & 1.62 \\ Light trucks & On-the-clock & 60 & 100 & 19.49 & 1.03 \\ Heavy trucks & On-the-clock & 80 & 100 & 30.43 & 1.00 \\ \hline \end{tabular} Table 5.5 Unit Work Travel-Time Values as a Percentage of Wage Rate Source: ECONorthwest and Parsons (2002).
a
Values in parentheses indicate range. NA, not applicable. Table 5.6 Unit Nonwork Travel-Time Values as a Percentage of Wage Rate Source: ECONorthwest and Parsons (2002).
a
Values in parentheses indicate range. NA, not applicable.
Answers
To compute the travel-time savings for the congestion mitigation project on U.S. Route-52 in Indiana, the USDOT's plausible range of travel-time values needs to be used.
To compute the travel-time savings, we need to consider the vehicle hours of travel time saved, the unit travel-time value, and the average vehicle occupancy for each mode of transportation. The given input data in Table EX5.3 provides the necessary information. However, the travel-time values are not specified in the table.
To determine the travel-time values, we can refer to the USDOT's recommended tables (Tables 5.4 and E5.7). These tables provide the unit work and nonwork travel-time values as a percentage of the wage rate.
Once we obtain the travel-time values, we can calculate the travel-time savings for each mode by multiplying the vehicle hours saved by the respective travel-time value. For example, for the local auto on-the-clock trips, we multiply the vehicle hours saved (300) by the unit travel-time value (as a percentage of the wage rate) for on-the-clock work travel.
To calculate the total travel-time savings, we sum up the savings for each mode of transportation.
It's important to note that the wage rate for automobile passengers is given as $16.25, and the fringe benefits are valued at $6.44.
By following this approach and using the USDOT's recommended travel-time values, the travel-time savings for the congestion mitigation project on U.S. Route-52 in Indiana can be accurately computed.
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Putting money into more than one kind of investment at a time is called liquidity. sunken cost. diversification. compound interest.
Answers
Answer:
diversification
Putting money into more than one kind of investment at a time is called diversification.
What is diversification?Diversification is the process of investing in diverse opportunities so as to reduce non-systemic risks. For example, if a person buys the stock of a health care company, in order to diversify, the person might invest in the stocks of an automobile company.
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Question 5 of 10
When gathering information, which of the following tasks might you need to
perform?
A. Apply standards, such as measures of quality, beauty, usefulness,
or ethics
B. Seek out ideas from others and share your own ideas
C. Study objects, conduct lijsts, research written materials, and ask
questions
D. Fill out forms, follow procedures, and apply math and science
SEN
Answers
Jorge's soccer team is having its annual fundraiser. The team hopes to earn at least three times as much as it did last year. Last year the team earned $87. What is the team's goal for this year?
Answers
Answer:
131usd is the aswer
Explanation:
87*3=131usd
under the equal pay act, an employer can legitimately pay different wages to male and female employees on the basis of:___.
Answers
Under equal pay law, an employer may legitimately pay different wages to male and female employees based on: hours and risks.
What is salary?It is an amount or sum of money that a worker receives for his service rendered, this money is particularly received from a company which pays the workers on a specific date.
This is a fixed payment agreed between the boss and the employee, the payment varies in the employees according to the rank or level within the company, hours worked and the risk in which the worker is exposed to.
In the case of some companies, salaries vary for some people depending on the hours worked and the job position, since there are jobs that are risky and require a high salary cost, as well as personnel who work overtime, which requires a high salary. jobs that are risky and require a high salary cost, as well as personnel who work overtime, which requires a high salary.
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the goal of cpfr is to part 2 a. determine which model needs to be used to predict future events. b. create significantly more accurate information that can power the supply chain. c. create good relations with suppliers. d. ensure product innovation.
Answers
The goal of CPFR is to create significantly more accurate information that can power the supply chain. This information will include data relating to the various factors that can impact supply chain performance such as demand, production, inventory levels, shipping times, etc. Therefore, option B is correct.
Collaborative Planning, Forecasting, and Replenishment (CPFR) is a supply chain planning approach. It is a method that helps organizations to collaborate on forecasting and replenishment activities for improved supply chain management. It aims to create a better relationship between suppliers and their customers.
The goal of CPFR is to create significantly more accurate information that can power the supply chain. This information will include data relating to the various factors that can impact supply chain performance such as demand, production, inventory levels, shipping times, etc. The main objectives of CPFR are as follows:
To improve demand and supply visibility between trading partners.To reduce the impact of demand variation on the supply chain.To improve inventory management.To improve product availability.To reduce stockouts and overstocks.To reduce inventory carrying costs.To enhance supply chain agility.To enhance customer service levels.Hence, option B is correct.
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How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
Answers
Answer:
7 years (to the nearest year)
Explanation:
Given that;
A = amount
P= principal
t = time
r = rate
A =3P(given in the question)
Formula for compound interest;
A = P(1 + r)^t
Substituting values;
3P = P(1 + 18/100)^t
3P/P= (1.18)^t
3 = (1.18)^t
log 3 = t log 1.18
t = log 3/log 1.18
t = 0.4771/0.0719
t = 6.6 years
t = 7 years (to the nearest year)
Knox Corp. has a selling price of $20, variable costs of $14 per unit, and fixed costs of $25,000. If Knox sells 12,000 units, the contribution margin ratio will equal:. O $60,000 30% O 70% O 10.4%
Answers
The contribution margin ratio will be 30%. Here option B is the correct answer.
To calculate the contribution margin ratio, we need to determine the contribution margin per unit and divide it by the selling price per unit.
The contribution margin per unit is the difference between the selling price and the variable cost per unit. In this case, the selling price is $20 and the variable cost is $14, so the contribution margin per unit is $20 - $14 = $6.
Next, we need to find the total contribution margin for the given number of units. Since Knox sells 12,000 units, the total contribution margin is $6 multiplied by 12,000 units, which equals $72,000.
To find the contribution margin ratio, we divide the total contribution margin by the total sales revenue (selling price multiplied by the number of units sold). The total sales revenue is $20 multiplied by 12,000 units, which equals $240,000.
So, the contribution margin ratio is $72,000 divided by $240,000, which equals 0.3 or 30%.
Therefore, the correct answer is B - 30%.
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Complete question:
Knox Corp. has a selling price of $20, variable costs of $14 per unit, and fixed costs of $25,000. If Knox sells 12,000 units, the contribution margin ratio will equal:
A - $60,000
B - 30%
C - 70%
D - 10.4%
Which is a cause for quality issues in IS implementation?
Answers
The scope of the project increases due to change requests from clients. Option B is correct
This is further explained below.
What is IS implementation?Generally, A strategy, technique, or any concept, idea, model, specification, standard, or policy for carrying out anything is considered to have been implemented when it is put into action or practiced.
Therefore, the activity that must follow any preparatory thought that is done in order for anything to truly happen is known as implementation.
In conclusion, Changes that were requested by customers resulted in an expansion of the project's scope. Alternative C
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Answer:
The scope of the project increases due to change requests from clients.
Explanation:
How does your state’s on-time payment record compare to the national rate?
Answers
It should be noted that my state’s on-time payment record is high compare to the national rate.
What is a credit score?A credit score serves as a numerical expression based on a level analysis of a person's credit files.
This is a term that to represent the creditworthiness of an individual after his account has been checked.
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