Your project's goals, its scope, and your duties should be the only three components of your project charter. A project plan needs to be made after your charter has been accepted.
Why do project charters play such a crucial role in project management?Project charters are a crucial component of project management. The tasks and responsibilities of each person working in the project are specified in the project charter. It makes sure that everyone involved is on the same page and offers a detailed timeline for the entire project. In a business setting, it would be exceedingly challenging to do anything without a project charter. Project charters are a crucial component of project management since they assist in outlining the fundamentals of a project and may be consulted at any time during the project's lifecycle. The official document may also demonstrate the viability and potential ROI of a project, aiding in its approval.
To know more about project charter visit:
brainly.com/question/29899562
#SPJ4
Barbara and the bank signed a contract in which they agreed that the bank would loan $100,000.00 to Barbara to buy a car. She would then repay the loan by making monthly payments of $2,500.00 for 50 months. After 2 years of Barbara's making payments, she and the bank agreed that Barbara could sell her car to Dorothy who agreed to make all of the remaining payments which the bank accepted. This is an example of: A. A novation. B. An accord and satisfaction. C. A void contract. D. A voidable contract.
Answer:
Option A
Explanation:
A Novation is a form of contract in which the original contract is substituted by a replacement contract where by the new party agrees to accept all the debts to be paid as a part of the original contract.
In other way the original contracting party give all the rights and obligations to the new party
Hence, Option A is correct
What was the significance of the controversy in 1977 over the appropriate accounting principles to be used by oil- and gas-producing companies?
The SEC's 1977 stand vis-à-vis oil and gas accounting principles was a unique situation wherein the SEC overruled the FASB as far as proper accounting treatment.
What is accounting?Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process. A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They provide a succinct summary of financial transactions across an accounting period. One of the most important aspects of practically every firm is accounting. Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people.Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.
Know more about accounting with the help of the given link:
https://brainly.com/question/13310721
#SPJ4
how do specialization and division of labor typically affect the marginal product of labor?
In the underlying phases of creation, specialization, and division lead to an increasing marginal product for laborers, permitting laborers to focus on a couple of undertakings with the goal that they become more talented at doing them rapidly and proficiently.
At the point when specialization happens, people or laborers center around performing explicit assignments or capabilities that line up with their abilities or skill. This specialization permits them to turn out to be more productive and capable in their separate undertakings.
Division of labor complements specialization by separating complex assignments into more modest, more sensible parts. Every laborer then, at that point, centers around a specific part of the creative interaction, prompting expanded proficiency and efficiency.
Learn more about marginal product:
https://brainly.com/question/30055278
#SPJ4
Commercial hotels are usually in downtown or _____________ districts.
Answer:
buisness
Explanation:
The most helpful kind of business and why?
Answer:
Hair Salon
Explanation:
An hair salon is the most helpful kind of bussiness besides chothing store's because your helping people with their hair and geting a lot of money from doing a curtain style.
View Policies Current Attempt in Progress A company issues $25850000, 7. 4%, 20-year bonds to yield 8% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24315069. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2020 balance sheet? (Round answer to O decimal place, e. G. 52. ).
The carrying value of the bonds on the December 31, 2020 balance sheet, using effective-interest amortization, will be $24,315,070.
To calculate the carrying value of the bonds, we need to consider the bond issuance proceeds, the interest payments, and the effective-interest amortization.
The bond issuance proceeds were given as $24,315,069. The interest is paid semi-annually on June 30 and December 31. The coupon rate is 7.4%, and the market yield is 8%.
Using the effective-interest amortization method, the carrying value of the bonds is adjusted based on the market yield and the remaining term of the bonds. As the market yield is higher than the coupon rate, the carrying value will be lower than the bond issuance proceeds.
By applying the effective-interest amortization, the carrying value of the bonds on the December 31, 2020 balance sheet is determined to be $24,315,070. This represents the adjusted value of the bonds at the end of the year, reflecting the amortization of the bond discount or premium.
Learn more about amortization here: brainly.com/question/32732448
#SPJ11
At the close of its first year of operations, December 31, 2020, Concord Corporation had accounts receivable of $1626000, after deducting the related allowance for doubtful accounts. During 2020, the comparny had charges to bad debt expense of $251000 and wrote off, as uncollectible, accounts receivable of $111000 What should the company report on its balance sheet at December 31, 2020, as accounts receivable before the allowance for doubtful accounts?
The company should report on its balance sheet at December 31, 2020, as accounts receivable before the allowance for doubtful accounts of $1,734,000 (i.e. $1,626,000 + $111,000 - $251,000).
Explanation:Accounts receivable refers to money that clients and customers owe to the business for sales made on credit or any goods or services provided by the business. When the clients are unable to pay the dues of the business, bad debt expenses are incurred by the company, which can be written off as uncollectible accounts receivable.Bad debt expense represents an estimate of the amount that is likely to be uncollectible from clients and customers on the business's account. To ensure that companies report a conservative estimate of their accounts receivable, accountants often suggest the allowance for doubtful accounts. The allowance for doubtful accounts represents the difference between accounts receivable and the estimated value of uncollectible accounts.Accounts receivable before allowance for doubtful accounts can be calculated using the following formula:Accounts receivable before allowance for doubtful accounts = accounts receivable - allowance for doubtful accounts.
At the close of its first year of operations, December 31, 2020, Concord Corporation had accounts receivable of $1,626,000 after deducting the related allowance for doubtful accounts.
During 2020, the company had charges to bad debt expense of $251,000 and wrote off as uncollectible accounts receivable of $111,000.
Therefore, accounts receivable before the allowance for doubtful accounts will be:Accounts receivable before allowance for doubtful accounts = $1,626,000 + $111,000 - $251,000= $1,734,000.
To know more about doubtful accounts visit:
https://brainly.com/question/15992286
#SPJ11
Indicate whether each account has a normal debit or credit balance. debit credit service revenue salaries expense accounts payable dividends
Service revenue and salaries expense accounts have a normal debit balance, while accounts payable and dividends have a normal credit balance. Keep in mind that this is a general guideline and specific transactions can affect the balances of these accounts.
Here's the breakdown of whether each account has a normal debit or credit balance: - Debit: Service revenue and salaries expense accounts. These accounts typically have a debit balance. Service revenue represents income earned, so it increases with debits. Salaries expense accounts record the company's expenses, so they also have a debit balance.
- Credit: Accounts payable and dividends. These accounts usually have a credit balance. Accounts payable represents the company's outstanding debts to suppliers or creditors, so it increases with credits. Dividends represent the distribution of profits to shareholders, which also increases with credits.
It's worth noting that the terms "debit" and "credit" are used in accounting to represent increases or decreases in accounts. Debit and credit balances depend on the type of account and the transactions recorded. Remember that the normal balance can change if there are specific transactions or adjustments made.
To know more about Service revenue
https://brainly.com/question/29602273
#SPJ11
This jacket is so thin. It can't possibly keep out the rain."(Use the boomerang method.)
Answer:
The jacket is thin because it uses a fiber called thinsulate that enables it to have the lightest weight but is also the warmest.
Explanation:
In general marketing, the boomerang method refers to the 'reconstruction' of the customer's objection into the main reason for buying. In other words, using the same excuse that a customer has about a product to entice him/her to buy that product by reframing it as a selling point is known as the boomerang method.
In the given scenario, the customer's objection is about the thinness of the jacket can be used as a selling point by the salesman by stating that the lightness of the jacket is what makes it a good product. So, if the seller tells the customer "the jacket is thin because it uses a fiber called Thinsulate that makes it thin but also warm", then that will make it an interesting and important factor for the customer to like the product more.
1 WHICH OF THE FOLLOWING PRODUCT IS LIKELY TO BE MADE USING BATCH PRODUCTION?
A MOBILE PHONE
B TOLIET PAPER
C PETROL
D CLOTHES
2 DENTAL TREATMENT IS PROVIDED USING WHICH FORM OF PRODUCTION ?
A FLOW PRODUCTION
B BATCH PRODUCTION
C JOB PRODUCTION
D CAPITAL INTENSIVE PRODUCTION
3 WHICH OF THE FOLLOWING IS AN ADVANTAGE OF JOB PRODUCTION RELATIVE TO OTHER PRODUCTION METHOD ?
A UNIT COST WILL BE LOWER
B PRODUCTION SPEEDS ARE FASTER
C WORKERS MAY BE BETTER MOTIVATED
D FEWER RESOURCES ARE NEEDED
Answer:i THINK num one is C
i THINK num two is B
i THINK num three is D but im not as confedent as the other two.
Explanation:
How do you manage your performance?
Effective way to manage performance is by setting goals, tracking progress, and reflecting on areas for improvement . Strive to stay organized and prioritize tasks to ensure meeting the goals. Continuous feedback and follow ups from the colleagues and supervisors to gain insight and adjust the strategies as needed.
Performance management is a systematic method for developing and maintaining better employee performance, which boosts businesses' effectiveness.
Performance management is crucial from a business perspective to guarantee that corporate strategy and goals are met.
It enables managers and executives to concentrate on particular areas to fulfil goals. Without performance management, the business wouldn't know how it was doing and wouldn't be able to change its goals or the plan it utilised to get them.
To know more about management here
https://brainly.com/question/22473148
#SPJ4
Which of the following would be an advantage of engaging in international
trade over domestic trade?
A. Higher cost of production due to higher labor costs
B. Larger growth opportunities based on market size
C. Clear understanding of laws and statues concerning business
operations
D. Less choice for consumers because of fewer products
Answer:
B. Larger growth opportunities based on market size
Explanation:
Took the test and guessed it correctly
Discuss the empirical evidence that suggests that the Black-Scholes-Merton model is rejected for S&P 500 index options. Provide at least three different stylized empirical facts from the option market to support your answer. Despite being rejected by the data, why is the model still being used extensively in the finance industry?
We can see here the Black-Scholes-Merton model is a mathematical model that is used to price options. The model assumes that the underlying asset follows a geometric brownian motion, which means that the asset's price changes are random and follow a normal distribution.
What is empirical evidence?Empirical evidence is information that is gathered through observation or experimentation.
There is empirical evidence that suggests that the Black-Scholes-Merton model is not a good fit for S&P 500 index options. Three stylized empirical facts from the option market that support this claim are:
The volatility smile. The skewThe kurtosisLearn more about empirical evidence on https://brainly.com/question/1669295
#SPJ4
Which statement best explains the decrease in manufacturing jobs over the next few years?
1)There is not enough demand for manufactured goods.
2) These jobs are often outsourced to overseas factories.
3)There are not enough skilled workers to fill the positions.
4)The cost of technical training and on-the-job training is high.
Answer:
2) These jobs are often outsourced to overseas factories.
Explanation:
The correct option is B. These jobs are often outsourced to overseas factories which best explains the decrease in manufacturing jobs over the next few years.
What is the effect of outsourcing jobs?Outsourcing jobs enables American businesses to compete more effectively on a global scale. With abroad branches, they are able to sell to foreign markets. By employing in developing nations with lesser standards of living, they maintain low labor prices. As a result, the prices of the commodities they ship back to the US are reduced.
Production outsourcing has significant effects on labor and material costs, with a tendency to drive up material costs and drive down labor costs. This study also demonstrates that process techniques do not moderate the impact of high levels of supplier integration on total COGS.
The best choice is B. The loss in manufacturing jobs over the next years can be best explained by the fact that these positions are frequently outsourced to manufacturers in other countries.
Learn more about Outsourcing here:
https://brainly.com/question/14202035
#SPJ2
please help me this is so tricky…
List two reasons why time is important to consumers.
(THIS IS FROM MY TEST FROM FRIDAY BUT TODAY I’M COMPLETING THIS UNTIL MONDAY BUT YOU CAN STILL GIVE ME THE ANSWER)
Explanation:
1. Without time a consumer cannot make purchases
2. It allows a consumer ger their debit alert to know how much they bought
Which of the following does the industrial relations perspective state about workplace conflict?
It stems from an employer-employee power imbalance
It is based in poor management
It can be reduced by workplace innovations
It fades from the employment relationship when management improves
Mutual gains-oriented problem-solving techniques can decrease conflict
The industrial relations perspective regarding workplace conflict is that it stems from an employer-employee power imbalance. In this perspective, it is believed that conflict arises in the workplace due to differences in goals, interests, and values of employers and employees.
Employers seek to maximize their profits, while employees seek job security, better working conditions, and improved wages. Therefore, conflicts emerge when employees feel that their interests are not being met by their employer. In industrial relations, workplace conflict can be resolved through mutual gains-oriented problem-solving techniques. This approach focuses on identifying and addressing the underlying causes of conflict and seeking to find mutually beneficial solutions that address the interests of both parties.
By doing so, conflicts can be resolved amicably, and the relationship between employers and employees can be improved. While workplace innovations can reduce conflict, the industrial relations perspective suggests that the most effective way to manage conflict is through communication and collaboration between employers and employees.
To know more about regarding visit :
https://brainly.com/question/30766230
#SPJ11
In the last paragraph, you need to compare your
country's government with what you know about the US
government.
Write your final paragraph in this space.
The government of my country is vastly different from the US government. In my country, the government is a unitary system, meaning that the power and authority are concentrated in a central government.
What is the comparison of our country's government with what you know about the US government?
Our government is a constitutional monarchy, with Queen Elizabeth II as the Head of State. The government is headed by a Prime Minister who is chosen by the majority party in the House of Commons. The US government is a federal republic, with the President as the Head of State. The government is headed by the President, who is elected by the people in a general election. Both governments have a bicameral legislature, consisting of an upper and lower house. Both countries have a system of checks and balances, where the executive, legislative, and judicial branches are equal. Additionally, both countries have a judicial system to uphold the rule of law. However, the US is a republic and the UK is a monarchy, so there are some differences in terms of how their respective governments are organized.
So, These were the comparison of our country's government with what you know about the US government.
To learn more about US Goverment:
https://brainly.com/question/28152248
#SPJ1
the term supply chain information system (scis) is defined as
The term Supply Chain Information System (SCIS) refers to a systematic approach to managing and controlling the flow of information and materials from suppliers, manufacturers, distributors, retailers, and customers in a supply chain.
The term Supply Chain Information System (SCIS) refers to a systematic approach to managing and controlling the flow of information and materials from suppliers, manufacturers, distributors, retailers, and customers in a supply chain. SCIS enables businesses to efficiently coordinate and manage their supply chains, providing real-time access to information such as inventory levels, order status, shipment tracking, and production schedules.
SCIS facilitates collaboration between different stakeholders in a supply chain, allowing them to share information, reduce duplication of effort, and eliminate errors. By using SCIS, businesses can optimize their supply chains, reduce costs, and improve their overall performance.SCIS typically consists of a suite of software applications that integrate with each other to provide a complete solution for managing a supply chain. These applications may include enterprise resource planning (ERP) systems, transportation management systems (TMS), warehouse management systems (WMS), and customer relationship management (CRM) systems. These applications work together to automate key processes, such as purchasing, inventory management, order processing, and logistics management.SCIS is becoming increasingly important as businesses seek to compete on the basis of their supply chains. By optimizing their supply chains, businesses can reduce costs, improve customer service, and gain a competitive advantage. However, implementing an SCIS can be a complex and challenging task, requiring careful planning, coordination, and management. Nevertheless, the benefits of SCIS are substantial, and many businesses are investing in this technology to improve their supply chain performance. Hence, the term Supply Chain Information System (SCIS) is defined as a systematic approach to managing and controlling the flow of information and materials from suppliers, manufacturers, distributors, retailers, and customers in a supply chain.
To know more about systematic visit:
https://brainly.com/question/29751572
#SPJ11
Hydro Sports budgets overhead cost of $581,000 for the year; of this amount, $357,000 is traceable to the Assembly department and $224,000 is traceable to the Finishing department. The company manufactures two types of jet skis: standard and deluxe. Budgeted direct labor hours for the standard model are 7 in Assembly and 1 in Finishing. Budgeted direct labor hours for the deluxe model are 10 in Assembly and 3 in Finishing. The company budgets production of 140 units of the standard model and 140 units of the deluxe model for the year. 1. Compute each department's total number of budgeted direct labor hours for the year. 2. Compute departmental overhead rates for each department using direct labor hours for that department. 3. Compute overhead cost per unit for each model using departmental overhead rates. Actual direct labor hours for the standard model are 7 in Assembly and 1 in Finishing. Actual direct labor hours for the deluxe model are 10 in Assembly and 3 in Finishing.
The Standard Model requires 7 hours in Assembly and 1 hour in Finishing, while the Deluxe Model requires 10 hours in Assembly and 3 hours in Finishing. The departmental overhead rates are $150 per hour for the Assembly department and $400 per hour for the Finishing department.
1. Compute each department's total number of budgeted direct labor hours for the year:
Assembly Department:
Budgeted direct labor hours for the standard model: 7 hours per unit
Budgeted direct labor hours for the deluxe model: 10 hours per unit
Total budgeted direct labor hours for the Assembly department:
= (7 hours per unit x 140 units of standard model) + (10 hours per unit x 140 units of deluxe model)
= 980 hours + 1,400 hours
= 2,380 hours
Finishing Department:
Budgeted direct labor hours for the standard model: 1 hour per unit
Budgeted direct labor hours for the deluxe model: 3 hours per unit
Total budgeted direct labor hours for the Finishing department:
= (1 hour per unit x 140 units of standard model) + (3 hours per unit x 140 units of deluxe model)
= 140 hours + 420 hours
= 560 hours
2. Compute departmental overhead rates for each department using direct labor hours for that department:
Assembly Department:
Departmental overhead rate = Traceable overhead cost / Budgeted direct labor hours
= $357,000 / 2,380 hours
≈ $150 per hour
Finishing Department:
Departmental overhead rate = Traceable overhead cost / Budgeted direct labor hours
= $224,000 / 560 hours
≈ $400 per hour
3. Compute the overhead cost per unit for each model using departmental overhead rates:
Standard Model:
Assembly department overhead cost per unit = Assembly department overhead rate x Budgeted direct labor hours for the standard model
= $150 per hour x 7 hours
= $1,050
Finishing department overhead cost per unit = Finishing department overhead rate x Budgeted direct labor hours for the standard model
= $400 per hour x 1 hour
= $400
Total overhead cost per unit for the standard model = Assembly department overhead cost per unit + Finishing department overhead cost per unit
= $1,050 + $400
= $1,450
Deluxe Model:
Assembly department overhead cost per unit = Assembly department overhead rate x Budgeted direct labor hours for the deluxe model
= $150 per hour x 10 hours
= $1,500
Finishing department overhead cost per unit = Finishing department overhead rate x Budgeted direct labor hours for the deluxe model
= $400 per hour x 3 hours
= $1,200
Total overhead cost per unit for the deluxe model = Assembly department overhead cost per unit + Finishing department overhead cost per unit
= $1,500 + $1,200
= $2,700
To know more about overhead refer here:
https://brainly.com/question/31266178#
#SPJ11
write the
5 imp of professsion
Which of the following are ways in which people can get an aptitude?
D born with it
buy it
O acquire it
borrow it
Answer:
born with it
Explanation:
hopefully it helps if not then I'm sorry
Answer:
Born with it & Acquire it
Explanation:
You can naturally be born with it or you can learn it. I got it right so gg to whoever needs this.
Write 3-5 sentences that explain what Demand is.
Why do you think it is important?
Which of the following would be the most insurable risk?
a. A teenager getting car insurance for his brand new, 2-door, convertible, 5-speed sports car
b. A family wanting flood insurance for a house built on a flood plain
c. A business owner wanting to get liability insurance for his indoor skate-park
d. A good driver driving a safe car getting auto insurance
Answer:
d. A good driver driving a safe car getting auto insurance would be the most insurable risk.
This is because, in this scenario, the driver has a good driving record, which is a key factor in determining insurance risk. Additionally, the car is considered safe, which also reduces risk. Insurers generally prefer to insure drivers who are considered low-risk, as they are less likely to make a claim.
What are the two types of partnership?
Answer:
What are the two types of partnerships?
Explanation:
general partnership and limited partnership
_____ multiplied by the number of units sold equals total revenue for the firm.
The answer is revenue, Revenue multiplied by the number of units sold equals total revenue for the firm.
The definition of revenueThe total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue. Because it appears at the top of the income statement, revenue, which is also known as gross sales, is frequently referred to as the "top line." A company's overall earnings or profit are referred to as income, or net income.
What does business revenue mean?Revenue is the overall profit an organization makes through its primary activities, such as the sale of goods or services, the rental of real estate, regular payments, the interest on loans, etc.
To know more about Revenue visit:
https://brainly.com/question/8645356
#SPJ4
What is scarcity, as a term used in economics? What is an every day example of scarcity that demonstrates why scarcity is a basic economic problem that faces every society.
Answer:
Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. ... Any resource that has a non-zero cost to consume is scarce to some degree, but what matters in practice is relative scarcity
Scarcity dictates that economic decisions must be made regularly in order to manage the availability of resources to meet human needs. Some examples of scarcity include: The gasoline shortage in the 1970's. ... Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity.
Explanation:
HOPE it helps
one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user.
The statement one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user is True.
What is market segmentation?Market segmentation can be defined as the way of separating the market into different segment or group. Example of market segmentation is putting customers that share similar or the same features into the same group
The statement is true because a company can tend to divide a market based on whether a person is a consumer on a business user.
Therefore the statement is true.
Learn more about market segmentation here:https://brainly.com/question/14315539
#SPJ1
The complete question is :
one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user. True/False
Who did the Lakers beat today?
Answer:
nobody cuz they suc
Explanation:
Answer:
THE LAKERS BEAT TRUMP BECAUSE TRUMP IS A LOSER
Explanation:
What are the levels of buying decisions for business purchases?.
Answer:
Below:
Explanation:
The five stages of the business buying-decision process are awareness, specification, requests for proposals, evaluation and, finally, placing the order.
Hope it helps....
It's Muska... :)
a tax on buyers causes which of the following? (i) a leftward shift of the demand curve (ii) a decrease in quantity sold (iii) an increase in the price buyers pay (ii) and (iii) only (i) (i), (ii), and (iii) (i) and (iii)
A Tax on buyers causes all of the following listed in the option. So the correct option is a. (i), (ii), and (iii). A tax on buyers causes a leftward shift in the demand curve, a decrease in the quantity of goods sold, and an increase in the price buyers pay.
Taxation refers to a certain sum of money collected by the government from either the sellers or buyers on purchasing or producing goods and services. Taxation decreases the incentives of the entities. A tax on buyers signifies that a sum of money is collected from the consumers while purchasing certain goods through increased price.
In addition, a tax reduces the quantity traded, thereby reducing some of the gains from trade. A tax increases the price a buyer pays by less than the tax.
Learn more about taxation here:
https://brainly.com/question/28496993
#SPJ4