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1 year ago

The two processes that must occur before moving forward to planning the project are:

Business

1 answer:

barxatty [35]1 year ago

7 0

Answer:

Two processes before moving forward to planning the project are:

d. Identify stakeholders and develop project charter.

a. Collect requirements and define scope

Explanation:

Project Planning is an important first step to executing a project to achieve desired objectives. But, before the proper project planning is started, there are processes that make planning projects easier and smoother. First, the stakeholders must be identified to enable the development of project charter. A project charter describes a project, identifies the objects, how the objectives and the project will be carried out, and the stakeholders. Second, project requirements must be collected. These help to define the scope of the project.

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as a young entrepreneur, how can you show the responsible ways of purchasing activities on any possible situations you may consi

Helen [10]

Answer:

There are several ways in which a young entrepreneur can carry out purchasing activities responsibly, including:

1. Measured production of inventory or units of products- If an entrepreneur is producing bicycles for instance, (s)he should only spend on inventory that (s)he anticipates will be sold to customers or purchased by retailers. For example, let's assume that the entrepreneur has a purchase order from a retailer such as K-Mart for 500 bicycles. In this case the entrepreneur should only produce around 550 bicycles rather than 700 or 1000 bikes, thus, purchasing supplies and producing inventory in accordance with demand for his/ her bicycles.

2. Lowering costs of production where possible- Firstly, this can be done by purchasing supplies and materials for inventory in bulk. Secondly, the entrepreneur could outsource the manufacturing of his/her product to countries (such as China) where production costs are significantly cheaper.

4 0

2 years ago

Rent Versus Buy. Alex Guadet of Nashville, Tennessee, has been renting a two-bedroom house for several years. He pays $900 per m

JulsSmile [24]

Answer:

Rent Versus Buy. Alex Guadet of Nashville, Tennessee

b. Computation of Interest payable by Alex during the first year of the loan:

Interest = Net Mortgage amount x rate of interest

= ($148,300 x 5%)

= $7,415

Explanation:

a) Data and Calculation:

Mortgage amount = $150,000

Principal Reduction 1,700

Net Mortgage $148,300

b) Mortgage Interest is calculated as the Mortgage amount minus any reduction in the principal amount, multiplied by the interest rate. The interest represents the cost of capital that Alex pays for taking a mortgage on the property. For the bank, the interest represents the benefit for lending the mortgage loan to Alex.

8 0

2 years ago

Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted

julsineya [31]

Answer:

Accounts payable at the end of December would be $184,500

Explanation:

In order to calculate the Accounts payable at the end of December we would have to calculate the following formula as follows:

Accounts payable at the end of December=cost of goods sold+ Desired ending inventory- Beginning inventory

cost of goods sold=Sales×percentage of cost of goods sold

cost of goods sold=$326,000×75%

cost of goods sold=$244,500

Desired ending inventory=$226,000*75%*80%

Desired ending inventory=$135,600

Beginning inventory=$244,500*80%

Beginning inventory=$195,600

Therefore, Accounts payable at the end of December=$244,500+$135,600 - $195,600

Accounts payable at the end of December=$184,500

Accounts payable at the end of December would be $184,500

5 0

1 year ago

During February 2015 its first month of operations, the stockholders of Ariel Pink Enterprises invested cash of $50,000. Ariel h

aleksandrvk [35]

Answer:

46,000 ending cash balance

Explanation:

50,000 Ariel Investment

+ 10,000 cash revenues

- 14,000 cash expenses

46,000 ending cash balance

(assuming no other transaction impacted the cash account)

When you are asked for a ending value, you should identify first, if there is a beginning value, something which start the balance of the account.

Like inventory in hand, supplies in hand, equipment, accounts payable

Then you have to figure out which trasnaction incresae the balance

and which decrease it.

<u>Finally you put them together:</u>

<em>beginning + increase - decrease = ending</em>

4 0

2 years ago

The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $ 830

Anika [276]

Answer and Explanation:

a. Q1 Q2 Q3 Q4

Collection period is 45 days

cash collection of Current quarter sales (Total days in quarter- cash collection period)/total days in quarter (90-45)90=1/2

Beginning receivable (A) 420 415 430 470

Sales (B) 830 860 940 970

420+(830*1/2) 415+(860*1/2) 430+(940*1/2) 470+(970*1/2)

Ending receivables (A+B-C) 415.00 430.00 470.00 485.00

Collection period is 60 days

cash collection of Current quarter sales (Total days in quarter- cash collection period)/total days in quarter (90-60)90=1/3

Beginning receivable (A) 420 553.33 573.33 626.67

Sales (B) 830 860 940 970

420+(830*1/3) 553.33+(860*1/3) 573.33+(940*1/3) 626.67+(970*1/3)

Ending receivables (A+B-C) 553.33 573.33 626.67 646.67

c .

Collection period is 30 days

cash collection of Current quarter sales (Total days in quarter- cash collection period)/total days in quarter (90-30)90=2/3

Beginning receivable (A) 420 276.67 286.67 313.33

Sales (B) 830 860 940 970

420+(830*2/3) 276.67+(860*2/3) 286.67+(940*2/3) 313.33+(970*2/3)

Ending receivables (A+B-C) 276.67 286.67 313.33 323.33

4 0

1 year ago