The number on the income statement that is most useful to lenders and investors is:

a. Sales revenue
b. Gross margin
c. Operating income
d. Net income

Answer: c. Operating income

Business

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A project management firm that promises to do everything for a major project and hand over a fully functional, ready-to-use deliverable is performing under a(n):

A) Umbrella contract. B) All-inclusive contract. C) Cost-plus contract. D) Turnkey contract.

Business

Crashing costs for a project are governed by the function:

50t2 + 100t where t represents the number of days crashed (see graph). The project manager wants to crash the project, and is willing to pay up to $1,000 per day saved. How many days can be saved before the per-day cost is too high?

Business