Paper instructions:

Q1: Solve the following problem A company estimates that if they construct a survey project now, they will obtain 1,500 m which they can get $40.00 per square meter. However, they estimates that this project will increase by an additional 500 square meter of survey for each month they wait, but the price will drop at a rate of $2 cents per square meter per month; in addition, it is likely that they will experience non coverable area of approximately 200 square meter per month for each month they delays surveying. When should they start the project to obtain the largest net cash return, and how much will be received for the project at that time? Q2: Define the following as fixed (F) or variable cost (V) Transportation Basic salaries Raw materials Electricity Office supplies

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Define the following as fixed (F) or Variable cost (V)Transportation Basic salaries Raw materials Electricity Office supplies.
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