Microsoft MB-300 Microsoft Dynamics 365: Core Finance and Operations 07 31Oct2024 - Practice Quiz

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Question 1 of 30

A project manager is overseeing a construction project with a total budget of $500,000. The project is divided into three phases: Planning, Execution, and Closure. The billing structure is based on the percentage of completion for each phase. The project is currently 40% complete in the Planning phase, 30% in the Execution phase, and 10% in the Closure phase. If the project manager wants to bill the client based on the work completed so far, how much should they invoice for each phase if the billing percentages for each phase are 20% for Planning, 50% for Execution, and 30% for Closure?

$80,000 for Planning, $75,000 for Execution, $15,000 for Closure

$100,000 for Planning, $75,000 for Execution, $15,000 for Closure

$80,000 for Planning, $100,000 for Execution, $15,000 for Closure

$100,000 for Planning, $75,000 for Execution, $45,000 for Closure

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