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3 years ago

In a project charter, the _____ describes the project and justifies why the project should be done.

1 answer:

5 0

In the project charter, the Purpose best describes the project provides justification for it.

The purpose is a detailed document which covers the following areas:

1. Reason to undertake the project
2. Project benefits
3. Objectives of the project
4. Problems and constraints of the project
5. Main stakeholders
6. Budget and budget spending authorities
7. A Risk matrix
8. Solutions
9. Items of scope

Overall, the document provides a detailed picture to a project manager.

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Which example describes sharing risk?

alexandr1967 [171]

Answer:

getting car insurance is the correct answer.

Explanation:

4 0

3 years ago

The staff training center at a large regional hospital provides training sessions in CPR to all employees. Assume that the capac

lys-0071 [83]

Answer:

Efficiency of the system = Actual output/ Effective capacity*100

Efficiency of the system = 850/950*100

Efficiency of the system = 0.894737*100

Efficiency of the system = 89.47%

Utilization of the system = Actual output/Design capacity*100

Utilization of the system = 850/1200*100

Utilization of the system = 0.708333*100

Utilization of the system = 70.83%

6 0

2 years ago

The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May

NeTakaya

Answer:

1. Prepare a retained earnings statement.

Net income = $943,400

Retained earning at May 31, 2018 = $3,792,500

2. Prepare a balance sheet, assuming that the current portion of the note payable is $50,000.

Net Total Assets = Stockholder's equity = $4,292,500

Explanation:

1. Prepare a retained earnings statement.

To do this, the income statement is first prepared to obtain the net income as follows:

Clairemont Co.

Income Statement

for the fiscal year ended May 31, 2018

Details $

Sales 11,343,000

Cost of goods sold (7,850,000)

Gross Income 3,493,000

Selling and Distribution expenses:

Sales salaries expense (916,000)

Advertising expense (550,000)

Dep. expense - Store equipment (140,000)

Miscellaneous selling expense (38,000)

Administrative expenses:

Office salaries expense (650,000)

Rent expense (94,000)

Insurance expense (48,000)

Dep. exp - Office equipment (50,000)

Office supplies expense (28,100)

Miscellaneous admin expense (14,500)

Operating income 964,400

Interest expense (21,000)

Net income  943,400 

The retained earning statement can therefore, be stated as follows:

Clairemont Co.

Retained Earnings Statement

for the fiscal year ended May 31, 2018

Details $

Retained earnings at June 1, 2017 2,949,100

Net income for the year 943,400

Dividends (100,000)

Retained earning at May 31, 2018  3,792,500 

2. Prepare a balance sheet, assuming that the current portion of the note payable is $50,000.

Clairemont Co.

Balance sheet

for the fiscal year ended May 31, 2018

Details $ $ 

Fixed Assets

Office equipment 830,000

Accumulated dep.- office equip (550,000) 280,000

Store equipment 3,600,000

Accumulated dep.- store equip (1,820,000) 1,780,000

Net Fixed Assets 2,060,000

Current Assets

Cash 240,000

Accounts receivable 966,000

Inventory 1,690,000

Estimated returns inventory 22,500

Office supplies 13,500

Prepaid insurance 8,000

Total current assets 2,940,000

Current Liabilities

Accounts payable (326,000)

Customer refunds payable (40,000)

Salaries payable (41,500)

Note payable (50,000)

Working Capital 2,482,500

Long-term Liability

Note payable (300,000 - 50,000) (250,000)

Net Total Assets  4,292,500 

Financed by:

Common stock 500,000

Retained earning at May 31, 2018 3,792,500

Stockholder's Equity  4,292,500 

Note:

Since both the Net Total Assets and Stockholder's equity are to $4,292,500, it implies the financial statement is accurately prepared as both as always be equal.

5 0

3 years ago

Westerville Company reported the following results from last year’s operations: Sales $1,200,000 Variable expenses 320,000 Contr

weeeeeb [17]

Answer:

1) Last years' margin = Net operating income÷ Sales

= 240,000÷1,200,000

= 0.2= 20%

2) Last years' turnover = Sales ÷ Average operating assets

= 1,200,000 ÷ 600,000

= 2

3) Last years' return on investment = Margin ratio × turnover ratio

= 20% × 2 = 40%

4) Margin for this years' investment = Net operating income ÷ Sales

= 36,000 ÷ 240,000

= 0.15 = 15%

5) Turnover for this year = Sales ÷ Average operating assets

= 2,400,000 ÷ 600,000

= 4

6) Return on investment for this year = Margin ratio × turnover ratio

= 50% × 4 = 200%

7) Since this years' ROI is higher than that of last year, she would pursue the investment opportunity.

8) Yes, the owners of the company would want her to pursue the investment opportunity because of high ROI.

9) This years' residual income = Net operating income - ( required return× Investment)

= 36000 - ( 200% × 150,000)

= ( 264,000)

6 0

3 years ago

Adams Corp., a merchandising company, has 30,000 units in its inventory on December 31. Just before closing for the day, the com

meriva

Answer:

28,000 Units

Explanation:

The inventory that we actually have possession or the point at which the risk and reward associated with the inventory are shifted towards the company then it must recognize it. So this means, the inventory that is ordered and yet not received on board and hence must not be included in the inventory.

Closing Inventory = Opening Inventory + Inventory Received - Inventory Despatched

Here

Inventory Received is Zero Units

Inventory Despatched is 2,000 Units

Opening Inventory 30,000 Units

By putting the values, we have:

Closing Inventory = 30,000 Units + 0 Units - 2,000 Units

Closing Inventory = 28,000 Units

6 0

3 years ago