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4 years ago

When it comes to project prioritization, senior management is responsible for?

1 answer:

4 0

<span>Senior management is responsible for generating the high level project roadmap for the organization. This roadmap should include the voice of the customer and the voice of the field in order to prioritize features and functionality that best serve those interests in the market. This roadmap should include specific shortterm goals as well as longterm directions.</span>

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Dan Weaver wants to set up a fund to pay for his daughter's education. In order to pay her expenses, he will need $20,000 in fou

Mrrafil [7]

Answer:

$63,913.50

Explanation:

We are to find the present value of the cash flows from year 4 to 7

Present value can be calculated using a financial calculator

Cash flow each year from year 1 to 3 = $0

Cash flow in year 4 = $20,000

Cash flow in year 5 = $21,100

Cash flow in year 6 = $22,900

Cash flow in year 7 = $24,300

I = 6%

Present value = $63,913.50

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

5 0

3 years ago

Skysong, Inc. had net credit sales during the year of $1090600 and cost of goods sold of $604000. The balance in accounts receiv

blagie [28]

Answer:

8.2 times

Explanation:

The first step is to calculate the average receivable

= $114,000+$152,000/2

= $266,000/2

= $133,000

Therefore the accounts receivables turn over can be calculated as follows

= net sales / average receivable

= $1,090,000/$133,000

= 8.2 times

Hence the account receivable turnover is 8.2 times

7 0

3 years ago

Preparing T-accounts (ledger) and a trial balance LO P2 Following are the transactions of a new company called Pose-for-Pics.

Taya2010 [7]

Answer:

a) T-Accounts:

Date Description Debit Credit

Common Stock

Aug. 1 Cash $6,500

Photography Equipment 33,500

Aug. 31 Balance $40,000

Date Description Debit Credit

Cash Account

Aug. 1 Common Stock $6,500

Aug. 2 Prepaid Insurance $2,100

Aug. 5 Office Supplies $880

Aug. 20 Fees Earned $3,331

Aug. 31 Utilities $675

Aug. 31 Balance $6,176

Date Description Debit Credit

Photography Equipment

Aug. 1 Common Stock $33,500

Date Description Debit Credit

Prepaid Insurance Account

Aug. 2 Cash $2,100

Date Description Debit Credit

Office Supplies

Aug. 5 Cash $880

Date Description Debit Credit

Fees Revenue

Aug. 20 Cash $3,331

Date Description Debit Credit

Utilities Expense

Aug. 31 Cash $675

b) Trial Balance as of August 31:

Accounts Debit Credit

Cash $6,176

Photography Equip 33,500

Prepaid Insurance 2,100

Office Supplies 880

Utilities Expense 675

Common Stock $40,000

Fees Revenue 3,331

Total $43,331 $43,331

Explanation:

a) The Common Stock equals the cash and equipment contribution made by Madison Harris, the owner of Pose-for-Pics.

b) Pose-for-Pics' T-accounts are the general ledger accounts of the company. They record the individual accounts' transactions for the accounting period, usually a month, which are summarized by the preparation of the trial balance as of month-end.

3 0

3 years ago

American tourister, inc.--a producer of luggage--is planning to introduce a new product line. the marketing manager is having he

AlexFokin [52]

The answer is a pushing policy. A promotion policy intended at distribution centers to inspire their advertising of a product or service area to their customers. For instance, a pushing policy might be used by an manufacturing business to market to a distribution channel of traders and dealers to get their help in receiving their customers to buy its product.

6 0

3 years ago

Bradshaw Inc. is contemplating a capital investment of $88,000. The cash flows over the project’s four years are: Col1 Expected

tresset_1 [31]

Answer:

Net cashflow = Cash inflow - Cash outflow

Year 1 Net cashflow = $30,000 - $12,000 = $18,000

Year 2 Net cashflow = $45,000 - $20,000 = $25,000

Year 3 Net cashflow = $60,000 - $25,000 = $35,000

Year 4 Net cashflow = $50,000 - $20,000 = $20,000

PAYBACK PERIOD

Year Cashflow Cummulative cashflow

0 (88,000) (88,000)

1 18,000 (70,000)

2 25,000 (45,000)

3 35,000 (10,000)

4 20,000 10,000

Payback period = 3 + 10,000/20,000

Payback period = 3.5 years

The correct answer is B

Explanation:

In this question, there is need to determine the annual net cashflow, which is the the difference between annual cash inflow and annual cash outflow. The payback period is calculated by deducting the initial outlay from the annual net cashflow.

7 0

3 years ago