Firm commitment is the type of underwriting of Hondros Corporation.
What is firm commitment underwriting?In a firm commitment underwriting, the underwriter promises to buy all securities offered for sale by the issuer, regardless of whether they can sell them to investors. The fact that it immediately guarantees the issuer's entire money makes it the most ideal contract.
An underwriting in which an investment banking firm commits to purchase and sell the entire issue of stock and takes full financial responsibility for any unsold shares. In firm-commitment underwriting, regardless of whether the syndication ultimately succeeds, one or more arrangers agree to provide a borrower with the entire amount of multilateral financing before organizing and syndicating the financing.
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The Digby's workforce complement will grow by 10% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total recruiting cost be? Assume Digby spends the same amount extra above the $1,000 recruiting base as they did last year.
Select : 1
Save Answer
$300,000
$3,270,000
$250,000
$2,725,000
Answer:
Explanation:
Answer: $2,725,000
Costs such as security deposit,inspections, attorney or broker fees are examples of blank
Answer:
upfront cost
Explanation:
If a payment is made upfront and it's far made in advance or expenses which might be charged on the beginning of a contract, project or business activity inclusive of inspection costs, earnest deposit, etc
Who is more likely to object to a proposed 1 percentage point increase in the city sales tax—the owner of a local liquor store or the owner of a local video rental store? Why?
Answer:
The owner of a local liquor store.
Explanation:
Rentals are not taxed in some places.
The usefulness of standard goods market price indexes for judging policy is limited because:
Answer:
they do not include the price of assets.
Explanation:
Standard Goods Market Price Index often shortened as SGMPI is a term that describes a standard mode of measuring price index, which is used to illustrates the price position of only goods in comparison to other top competitive goods in similar classifications and brands.
Hence, in this case, the usefulness of standard goods market price indexes for judging policy is limited because: "they do not include the price of assets."
Average stock of raw material and raw material consumption per annum are Rs.1,24,000 and Rs.8,42,000 respectively. Consider 365days. Calculate raw material consumption period.
Answer: 54 days
Explanation:
Raw Material consumption period = Average stock of Raw Material / Average stock of Raw material Consumption per day
Average stock of Raw material Consumption per day = Raw Material consumption per Annum / 365
= 842,000/365
= Rs. 2,306.85
Raw material consumption period
= 124,000/2,306.85
= 53.75
= 54 days
Performance management includes standards for measuring how well
individual performance supports the company's goals, practices for
measuring performance against those standards, and .
O A. procedures for giving feedback to employees
0 B. preparation for moving into managementjobs
O C. hands-on learning methods
0 D. presentations by a trainer
the answers A, procedures for give feedback to employees.
Performance management includes standards for measuring how well individual performance supports the company's goals, practices for measuring performance against those standards, and procedures for giving feedback to employees.
What is an employee?
A worker or manager who works for a business, group, or community is referred to as an employee. The organization's personnel consists of these people. There are various types of employees, but in general, any individual engaged by an employer to do a specific task in exchange for remuneration is considered an employee.
An employee benefit plan known as a pension is one that offers retirement income or postpones income until the end of covered employment or beyond. It may be developed or managed by an employer, an employee group (such as a union), or both.
The process of ensuring that a set of actions and outputs achieves the objectives of an organization effectively and efficiently is known as performance management. Performance management can be used to evaluate an employee, a department, a whole business, or the systems in place to handle certain tasks.
Therefore, Thus option (A) is correct
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Payment for goods purchased should be vouched with the help of______
Answer:
Payment for goods purchased should be vouched with the help of Creditors statement.
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Case Study
Sovrano Café is considering a major expansion of its business. The details of
the proposed expansion project are summarized below:
- The company will have to purchase $950,000 equipment, that require
installation cost and transportation cost equal $100,000.
- The project has an economic life of 5 years.
- The cost can be depreciated using straight line method.
- At t = 0, the project requires that working capital will increase by $200,000
- The project’s salvage value at the end of 5 years is expected to be $60,000.
- The company forecasts that the project will generate $725,000 in sales the
first 2 years and $650,000 in sales during the last 3 years
- Each year the project’s operating cost excluding depreciation is expected to
be 50% of sales revenue.
- The company’s tax rate is 40%
- The company already pays marketing expenses equal 80,000.
- The project’s cost of capital is 10%
What do you recommend?
Based on the analysis of the cash flows, the expansion project seems feasible as it has a positive NPV of $142,919.49, and a profitability index of 1.15, indicating that the project will generate value for Sovrano Café and its shareholders.
To arrive at this conclusion, we first calculated the cash flows for the project, which included the initial investment, operating cash flows, salvage value, and tax savings from depreciation. We then discounted these cash flows using the project's cost of capital to calculate the net present value (NPV) and profitability index (PI).
The NPV of $142,919.49 suggests that the project's expected cash inflows exceed its expected cash outflows, taking into account the time value of money. The PI of 1.15 further supports the conclusion that the project will generate value for the company, as a PI greater than 1 indicates that the present value of the project's expected cash inflows exceeds the present value of its expected cash outflows.
Therefore, based on the financial analysis, it is recommended that Sovrano Café move forward with the proposed expansion project.
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operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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The list price of an item is $96.60. The supplier is offering a series trade discount of 10/10/19. Find the net cost.
The net cost of the item is $
(Round to the nearest cent as needed.)
The net cost of the item, after applying the series trade discount, is $63.41.
To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.
Let's break down the discounts:
The first discount is 10%.The second discount is 10%.The third discount is 19%.To find the net cost, we need to calculate the price after each discount.
Step 1: Apply the first discount of 10%
List price - (10% of list price)
List price - (10/100 * List price)
List price - 0.1 *
List price = 0.9 * List price
Step 2: Apply the second discount of 10%
0.9 * List price - (10% of 0.9 * List price)
0.9 * List price - (10/100 * 0.9 * List price)
0.9 * List price - 0.09 * List price
0.81 * List price
Step 3: Apply the third discount of 19%
0.81 * List price - (19% of 0.81 * List price)
0.81 * List price - (19/100 * 0.81 * List price)
0.81 * List price - 0.1539 * List price
0.6561 * List price
Now, to find the net cost, we multiply the list price by the result of the series of discounts:
Net cost = List price * 0.6561
Given that the list price is $96.60, we can calculate the net cost:
Net cost = $96.60 * 0.6561
Calculating this, we find:
Net cost = $63.41 (rounded to the nearest cent)
Therefore, the net cost of the item, after applying the series trade discount, is $63.41.
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Rita is a registered dietician. What does her work entail
Rita is a registered dietician. does her work entail making recommendations for healthy eating habits.
How does a dietician work?Registered dietitians assist patients who are having trouble losing weight or who need to alter their diet for other medical conditions, such as managing diabetes, to prevent or delay disease progression. When creating meal plans, they collaborate with patients to understand their unique requirements and difficulties.
What advantages does becoming a registered dietician offer?assisting people to develop healthy behaviors.
different everyday routines.
multiple career alternatives.
a lot of predictions for job growth.
chances for specialization
licensure and education standards are very strict.
Keeping up with evolving legal requirements
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Options for dealing with uncertainty include using safety ________. Inventory and demand Demand and stock Lead time and inventory Stock and lead time
When one experiences uncertainty in business, one way they can deal with it is by using safety stock and lead time.
Safety stock and lead time:
Allow for goods to arrive earlier than they normally would have so as to avoid delays Allows for goods to be stored to satisfy an unplanned increase in demandBy doing these things, safety lead time and safety stock ensure that a company can deal with stock uncertainty such that they will have enough to sell to people.
In conclusion, one can deal with uncertainty through the use of safety lead time and stock.
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During its first year of operation Mazer Manufacturing Company produced 9,500 units of inventory and sold 2,550 units. Mazer incurred variable product cost of $2.50 per unit and $13,300 of fixed manufacturing overhead costs. The sales price of the products was $9.50 per unit. Determine the amount of net income Mazer would report if the company uses variable costing.
Answer:
Explanation:
To determine the amount of net income Mazer would report if the company uses variable costing, we need to calculate the variable cost per unit and the contribution margin per unit first:
Variable cost per unit = variable product cost per unit
= $2.50
Contribution margin per unit = sales price per unit - variable cost per unit
= $9.50 - $2.50
= $7.00
Using this information, we can calculate the total variable cost and total contribution margin for the units sold:
Total variable cost = variable cost per unit x units sold
= $2.50 x 2,550
= $6,375
Total contribution margin = contribution margin per unit x units sold
= $7.00 x 2,550
= $17,850
Next, we can calculate the total fixed manufacturing overhead cost incurred by Mazer during the first year of operation:
Total fixed manufacturing overhead cost = $13,300
Finally, we can calculate the net income using the variable costing method:
Net income = total contribution margin - total fixed manufacturing overhead cost
= $17,850 - $13,300
= $4,550
3. Identify TWO possible suitable sources of external finance Chris could consider, if the local bank
manager refuses to give him a loan for purchasing a new van for his business. (10 marks)
Please help
Answer:
Hire Purchase
Loans from friends
Explanation:
Hire purchase
A hire purchase (HP) , is also called an installment plan, it is is an financing contract whereby a customer agrees to acquire an asset by paying an initial deposit and repays the balance of the price plus interest on installment bases over a period of time .
Loans from friends
These are loans received from friends which are mostly interest free
What action should a project manager take to ensure effective project governance?
Answer:
Prioritize clear, reachable, and sustainable goals during the closing phase
Assume that you are running for president of a local sports club, for which there is another contender. Although you have administrative experience in managing sports clubs, the other contender is a professional sportsperson. Most of the club members consist of retired sports personnel, commentators, and sports journalists, most of whom feel that the club lacks the latest equipment, proper restrooms, and secure locker facilities. Write a statement to be emailed to each member, clearly stating what you would do for the club once elected.
Answer:
Jeepers
Explanation:
You are given the following particulars of a business having three departments: 963
Department
Purchases
Opening Stock
A
200 units
B
300 units
ISO units
71
1500 units
1000 units
2000 units
Additional Information:
1. Purchases were made at total cost of Rs.92,000.
2. The % of gross profit on turnover is the same in each case.
3. Purchases & Sales prices are constant for the last 2 years.
4. Selling price per unit:
A
Department
B
C
You are required to prepare Departmental Trading Account.
Closing Stock
100 units
160 units
200 units
Rs.
20
25
30
After deciding to acquire a new car, you can either lease the car or purchase it on a three-year loan. The car you wish to buy costs $49,000. The dealer has a special leasing arrangement where you pay $5,100 today and $545 per month for the next three years. If you purchase the car, you will pay it off in monthly payments over the next three years at an APR of 5.3 percent. You believe you will be able to sell the car for $32,000 in three years. a. What is the present value of leasing the car
The present value of leasing the car is $23,201.76.
Present valueFirst step is to find the present value using financial calculator by imputing the data below:
Interest rate =5.3%/12=0.442
Payment Per month (PMT) =-$545
Time period (NPER) =3×12= 36 months
Face value(FV)=0
Present value(PV)=?
Hence:
Present value=$18,101.76
Second step is to calculate the present value of leasing the car
Present value of leasing=Present value+Down payment
Present value of leasing=$18,101.76+$5,100
Present value of leasing=$23,201.76
Inconclusion the present value of leasing the car is $23,201.76.
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Should medical schools be free?
Answer:It depends
Explanation: Medical schools can't be free so that the quality is not lowered. It can be subsidized except if there is a reliable funding in place.
Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with
an apprenticeship in the student's chosen trade to provide hands-on training.
How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
O It leads to less hands-on training and less difficulty finding a job.
O It creates less debt from tuition and the ability to enter the workforce sooner.
O It leads to more hands-on training and more difficulty finding a job.
O It creates more debt from tuition, and trade school takes longer to complete.
Going to a trade school rather than a university can positively affect the long-term financial goals of an individual by Option B. It creates less debt from tuition and the ability to enter the workforce sooner.
One of the primary advantages of choosing a trade school is the lower cost of tuition compared to a traditional university. Trade schools typically have lower tuition fees, making them more affordable for many students. This translates to less debt burden, allowing individuals to start their careers with a smaller financial obligation.
Additionally, trade school programs are typically shorter in duration, typically taking two years to complete. This means that students can enter the workforce and start earning sooner compared to the longer duration of university programs. By gaining early entry into the workforce, individuals have the opportunity to start earning and saving money earlier, contributing to their long-term financial goals.
Furthermore, trade school programs often emphasize hands-on training and practical skills development. This prepares students directly for their chosen trade and enhances their employability. They gain specific, job-related skills that are in demand, which can make it easier for them to find employment in their field upon completion of the program.
In contrast, attending a university often involves higher tuition costs, longer program durations, and a broader education rather than a focused trade-specific curriculum. While universities provide valuable knowledge and opportunities for certain careers, trade schools offer a more cost-effective and streamlined path for individuals seeking hands-on training and immediate entry into the workforce. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with an apprenticeship in the student's chosen trade to provide hands-on training. How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
A. It leads to less hands-on training and less difficulty finding a job.
B. It creates less debt from tuition and the ability to enter the workforce sooner.
C. It leads to more hands-on training and more difficulty finding a job.
D. It creates more debt from tuition, and trade school takes longer to complete.
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Social security and medicare are progressive taxes. payroll taxes. local taxes. corporate taxes.
Answer:
payroll taxes
Explanation:
just took the test, got 100%
Social security and medicare are type of payroll taxes.
What are payroll taxes?Payroll taxes are taxes paid by an employees form his or her salary.
The tax can be deducted or removed directly from the salary or wages of the employee and it is removed based on the amount of salary or wages in pay roll.
Therefore, payroll taxes includes social security and medicare.
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Dog Up! Franks is looking at a new sausage system with an installed cost of $520,000. This cost will be depreciated straight-line to zero over the project’s five-year life, at the end of which the sausage system can be scrapped for $83,000. The sausage system will save the firm $154,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $32,500. If the tax rate is 23 percent and the discount rate is 11 percent, what is the NPV of this project?
The net present value of the project is $-40,793.30.
What is the net present value?Net present value is a capital budgeting method that is used to determine the profitability of a project. The net present value is the present value of the cash flows expected from the project less the cost of the project.
When using the net present value, a project should only be accepted if its net present value is positive. This is because it means that the project is profitable.
Cash flow from the project = (amount the project will save the firm - depreciation) x (1 - tax) + depreciation
Terminal year cash flow = salvage value + net working capital - tax(salvage value - book value)
Depreciation = (cost of the asset - salvage value) / useful life
($520,000 - 0) / 5 = $104,000
Cash flow from the project = ($154,000 - $104,000)(1 - 0.23) + 104,000
= ($50,000 x 0.76) + 104,000 = $142,000
Terminal year cash flow = $83,000 + $32,500 - (0.23 x $32,500) = $108,025
Net present value can be calculated using a financial calculator:
Cash flow in year 0 = $520,000 + $32,500 = $552,500
Cash flow from year 1 to 4 = $142,000
Cash flow in y ear 4 = $108,025
I = 11%
NPV = $-40,793.30
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which among the following is recommended way to run retrospectives
Answer:
- Team discusses how they can improve their way of working and picks up one or two improvement areas for next iteration.
Multiple choice options for this question from a online search.
Team discusses the feedback received during the iteration demo and creates a roadmap in the retrospective. - Team discusses how they can improve their way of working and picks up one or two improvement areas for next iteration. - Team discusses the backlog items to be worked upon in the next iteration. - Facilitator does a review of the performance of each team member and suggests improvements.Explanation:
Retrospectives are a way of evaluating a project's past events and their outcomes. They are undertaken to allow the team to see how their work has been going on. The team finds out what worked well and the actions to take to improve going forward.
Based on the feedback generated, that team selects one or two improvement areas to be introduced in the future. Conducting periodic retrospectives is helpful for a team to improve its performance.
Give me a good example of operation and management please.
Answer:
Answersendiri goblob is a great place to work for a well and very friendly and friendly and welcoming hotel you are welcome to join us and join us in the evening and join us in the following luxury hotels in North Wales . Because he can't afford to stay there for a few days and we are away for a few weeks and we have booked for another holiday in the next few months we will be staying at the hotel
C. Assume Trinidad has the comparative advantage in producing peanut butter and Jamaica has the comparative advantage in producing soft drinks. What reasons could the Jamaican government have for choosing to produce peanut butter rather than importing it from Trinidad?
The Jamaican government has chosen to produce peanut butter instead of importing it from Trinidad. When countries increase production in areas of comparative advantage and trade with each other.
An agent has a comparative advantage over others in producing a particular good if it can produce the good at a lower relative opportunity cost or subsistence price, i.e. at a lower relative marginal cost before the transaction. increase.
For example, if a country can produce both cheese and chocolate, it can determine how much effort is expended in producing each product. A country has a comparative advantage in chocolate production if it takes 1 labor hour to produce 10 units of cheese and 1 labor hour to produce 20 units of chocolate.
The advantage of comparative advantage is the ability to produce goods or services at a lower opportunity cost. A comparative advantage gives companies the opportunity to sell their goods and services at lower prices than their competitors, thereby generating stronger sales margins and greater profitability.
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The following balances were extracted from the books of VE Enterprise on 31 December 2021.
Particular RM RM
Capital 50,000
Motor vehicles 90,000
Fixtures & fittings 48,500
Inventory as at 1 January 2021 32,200
Allowance for doubtful debts 500
Accumulated depreciations as at 1 January 2021:
Motor vehicles 16,000
Fixtures & fittings 10,400
3% fixed deposit 30,000
4% bank loan 50,000
Sales 199,070
Purchases 73,500
Sales returns 2,050
Purchases returns 2,120
Discount allowed 2,550
Discount received 2,830
Account receivables 37,700
Account payables 48,650
Carriage inwards 3,570
Interest received 450
Commission received 2,600
Salaries 16,100
Electricity bills 5,400
Custom duty on purchases 3,000
Insurances 450
Maintenance expenses 3,300
Drawing 2,300
Cash in hand 6,800
Cash at bank 25,200
Additional information:
1. Inventory as at 31 December 2021 18,180
2. Depreciation for the year ended 31 December 2021 has yet to be provided as follows:
a. Fixtures & fittings: 10% using straight line method
b. Motor vehicles:15% using reducing balance method.
3. Electricity bills was paid in advanced by RM500. Meanwhile RM400 commission are not
received yet.
4. One of the customers Amri Sport Enterprise was declare bankrupt and unable to pay the
debt amount RM700
5. The provision for doubtful debts is to be adjusted to 5% based on remaining account
receivables
6. Salaries are accrued by RM140.
3
7. ‘Purchases’ include goods valued at RM1,040 that were withdrawn by Azwin for her own
personal use.
Required:
a) Prepare Income Statement for the year ended 31 December 2021
(15 marks)
b) Prepare Statement of Financial Position as at 31 December 2021
a. The Income Statement for the year ended 31 December 2021 is RM80,360.
b. The Statement of Financial Position as at 31 December 2021 is RM206,645.
a) Income Statement for the year ended 31 December 2021:
Sales: RM199,070
Less: Sales returns: RM2,050
Net Sales: RM197,020
Cost of Goods Sold:
Opening Inventory: RM32,200
Purchases: RM73,500
Less: Purchases returns: RM2,120
Add: Carriage inwards: RM3,570
Goods Available for Sale: RM107,150
Less: Closing Inventory: RM18,180
Cost of Goods Sold: RM88,970
Gross Profit: RM197,020 - RM88,970 = RM108,050
Operating Expenses:
Discount allowed: RM2,550
Salaries: RM16,100 + RM140 = RM16,240
Electricity bills: RM5,400 - RM500 = RM4,900
Custom duty on purchases: RM3,000
Insurances: RM450
Maintenance expenses: RM3,300
Total Operating Expenses: RM30,340
Net Profit before Non-operating Items:
Gross Profit - Operating Expenses: RM108,050 - RM30,340 = RM77,710
Non-operating Items:
Interest received: RM450
Commission received: RM2,600 - RM400 = RM2,200
Total Non-operating Items: RM2,650
Net Profit before Tax:
Net Profit before Non-operating Items + Total Non-operating Items: RM77,710 + RM2,650 = RM80,360
b) Statement of Financial Position as at 31 December 2021:
Assets:
Non-current Assets:
Motor vehicles: RM90,000 - (RM90,000 * 15%) = RM76,500
Fixtures & fittings: RM48,500 - (RM48,500 * 10%) = RM43,650
Total Non-current Assets: RM120,150
Current Assets:
Inventory: RM18,180
Account receivables: RM37,700 - (RM37,700 * 5%) - RM700 = RM35,815
Prepaid electricity bills: RM500
Cash in hand: RM6,800
Cash at bank: RM25,200
Total Current Assets: RM86,495
Total Assets: RM206,645
Liabilities and Equity:
Equity:
Capital: RM50,000
Retained Earnings: RM80,360
Total Equity: RM130,360
Current Liabilities:
Account payables: RM48,650
Bank loan: RM50,000
Total Current Liabilities: RM98,650
Total Liabilities and Equity: RM206,645
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Isn't POWER the only real thing necessary in any negotiation? Explain why or why not.
Power is not necessary the only major bargaining point in any negotiation although it is one of the major factors that influence any negotiation.
While power increases the probability that people consider negotiating in the first place due to higher feelings of entitlement and confidence that a positive result can be achieved, it sometimes may not get the appropriate result. The Russian-Ukraine Crises is a perfect example of this
Factors that affect NegotiationSeveral factors may affect the outcome of a negotiation. One of the most important factor is the relative power between the negotiating parties.
Other factors include
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The area of law that protects Coca-Cola® (with is accompanying ®) is
trademark.
patent.
copyright.
contract.
Answer:
Trademark
Explanation:
The “R” inside the circle stands for “registered.” The “R” and circle together form the federal trademark registration symbol. In commerce, the symbol shows that your business officially owns its trademark by U.S. Patent and Trade Office (pto.gov) standards.
Note:
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You have been working on an important assignment and are behind schedule. Your manager made it clear that it must be done on time. You cannot meet the assignment deadline and complete the other small tasks you have. What would you be MOST likely to do
When you are working on an important task and you are late, ideally, you would focus on the most important tasks to be delivered on time and not worry so much at the moment about the other small tasks you have.
Establishing a priority list can help you meet deadlines for essential tasks that require greater urgency and more effort to complete.
Time management
It is essential that the employee manages his time in order to establish schedules and goals for completing tasks. Through time management, there is greater motivation and objectivity about the most important tasks.
Therefore, there needs to be focus, concentration and prioritization on the main project that needs to be delivered on time. It is also essential that there is effective communication with your leader, so that you can be authorized for extra benefits or help to help you complete the project on time.
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who here has a business plan

I am still working on my business plan.