(Answered) Total cost minimization

Description Total cost minimization is a top priority for all private sector engineers. Every new product designed should cost less to manufacture than the one it replaced (the prior art). Henry Ford was an American captain of industry and a business magnate, the founder of the Ford Motor Company, and the sponsor of the development […]

(Answered) Cost management plan

The project is estimated to be 4months $200,000 budget. **please includes the following points: 1. Create a cost baseline statement. A cost baseline statement is simply a brief statement that summarizes the budget and states the specific amount of money and contingency that forms the cost baseline.(you can see in the photos which states all […]

(Answered) Opportunity cost

 All essays must be typed in size 12 Times New Roman font, double-spaced, and with one-inch margins. Be sure to include an introduction and conclusion. Also, all references should be listed on a separate page. Each essay is expected to be around 5 pages in length.Essay 1Main idea: What is meant by “opportunity cost” and […]

(Answered) Inventory Valuation and Cost of Goods Sold

Inventory Valuation and Cost of Goods Sold For this discussion, assume that you are the chief financial officer for your organization and that you are preparing the organization’s financial statement footnotes. As you prepare and gather corporate information supporting the financial practices, policies, and procedures in your company, you consider the importance of the following […]

(Answered) An impoverished 69-year-old man is diagnosed with cancer of the pancreas. There is no hope for cure, but radiation and chemotherapy, which could cost more than $150,000, may extend his life for a few

An impoverished 69-year-old man is diagnosed with cancer of the pancreas. There is no hope for cure, but radiation and chemotherapy, which could cost more than $150,000, may extend his life for a few months. If this patient unambiguously requests treatment, his doctors may struggle with the decision but will probably provide the treatment, ignoring […]

(Answered) Medicare Payment System ProvisionsProspective payment system rates are based on national “average” cost figures. Taking the national average cost into consideration, CMS sets base rates for each payme

Medicare Payment System Provisions Prospective payment system rates are based on national “average” cost figures. Taking the national average cost into consideration, CMS sets base rates for each payment system. The payment systems then add provisions or adjustments to the system to account for situations where the cost of an individual encounter or service may […]