Practice Question #1 After consultations with the sponsor, stakeholders and subject matter experts over a period of four weeks, a
project Charter was signed.
The project was to build a fence around a residential subdivision that is 8,000 feet in total length. The cost is
estimated to be $12 per foot the project should take 16 weeks to complete based on a project of a similar
scope done the previous year.
A review of the project is done after 5 weeks when 2,700 feet of the fence is complete, at a cost of 32
thousand dollars. The PM and his team have examined their estimates and have concluded that project
expenses and the schedule ratios will continue at this rate for the project duration.
Please enter your answer in this format where value only required:
$29,143
Calculate Earned Value Metrics
1. What is the plan value of your project at this point?

Your aunt is thinking about opening a hardware store. she estimates that it would cost $300,000 per year to rent the location and buy the stock. in addition, she would have to quit her $45,000 per year job as an accountant. a. define opportunity cost. b. what is your aunt's opportunity cost of running a hardware store for a year? if your aunt thought she could sell $350,000 worth of merchandise in a year, should she open the store? explain.

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.