What is the actual cost of work performed

Assignment Help Accounting Basics
Reference no: EM132835628

Problem 1: You are program manager (PM) who has just subcontracted Premium Floors, Inc. to lay out 100 meters of platinum flooring in 10 days at a cost of $100. Premium Floors, Inc, plans to lay out 10 meters of flooring every day for 10 days to meet their goal. At the end of Day 3, they report to you they've spent $8 on the effort every day thus far. What is the Actual Cost of Work performed (ACWP) at the end of Day 3?

Option 1: $42
Option 2: $54
Option 3: $24
Option 4: $34

Reference no: EM132835628

Questions Cloud

What you have learned about similarities among approaches : Summarize what you have learned about the similarities and differences among the approaches. Describe how what you've learned by developing the matrix has.
How much do get salary every month : You win in a lottery 2 million euros. You invest this whole amount so that you get 5,5 % yearly interest. How much do you get "salary" every month?
Explain two strategic directions of amazon : Explain Two strategic directions of Amazon that you feel will be best for your organization to pursue in the coming 3 years.
Prepare the journal entries to record transactions : On April 1, it established a petty cash fund in the amount of $232. Prepare the journal entries to record transactions
What is the actual cost of work performed : What is the Actual Cost of Work performed (ACWP) at the end of Day 3? You are program manager (PM) who has just subcontracted Premium Floors, Inc.
Develop a three-week moving average for time series : a. Construct a time series plot. What type of pattern exists in the data?
Describe the framework and the relevance of the theory : You have distinguished theoretical from conceptual frameworks, and both types of frameworks from models. Also, you have learned the value and importance.
Define between formal and informal communication : Use web for information and list three to five examples of assertiveness techniques that you believe might be useful to a supervisor.
What is the amount of stockholders equity at the end of year : If total assets increased $169,000 during the year and total liabilities decreased $51,000, what is the amount of stockholders' equity at the end of the year?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd