Answer:
The Initiation Phase is the stage of the project lifecycle in which the project proposal is conceived, assessed, and then approved for implementation by the Project Sponsor and the Vice Chancellor/Chief Information Officer. A formal project discovery process documents and reviews the project justification, important deliverables, risks, projected cost and resource needs, and other project information.
The team is supposed to agree on a project vision, set primary targets, and justify the initiative. Examine project charters, project change procedures, and past project experience gained; determine all project stakeholders and define service/product owners, project team member roles and duties, resources needed, cost estimates, and a general schedule. By developing the project charter and receiving Project Sponsor agreement to proceed with detailed planning.
Answer:
For mortgage loan:
Dr cash $800,000
Cr mortgage payable $800,000
Repayment of $130,196
Dr interest expense $80,000
Dr mortgage payable $50,196
Cr cash $130,196
Explanation:
The repayment of $130,196 comprises of both principal repayment and interest payment.
Interest payment=mortgage amount*rate of interest
mortgage amount is $800,000
rate of interest is 10%
interest payment=$800,000*10%=$80,000
Principal repayment=$130,196-$80,000=$50,196
Answer:
Each firm will produce 20 ÷ N units
Explanation:
Given that
Q = 160N − P
MR = 160N − 4Q
TC = 150 + Q2
MC = 4Q
The computation of the number of units that each firm produce is as follows:-
MR = MC
where
MR = 160N − 4Q
And MC = 4Q
Now we equate
So, the equation is
160 ÷ N - 4Q = 4Q
160 ÷ N = 8Q
Q = 160 ÷ 8N
Q = 20 ÷ N
So, each firm will produce 20 ÷ N units.
Expenses for items that we do not need are wants
Answer: Yes, because the helicopter manufacturer assumed the risk of the failure of the contract.
Explanation:
Based on the scenario given in the question, the subcontractor will likely prevail because the helicopter manufacturer assumed the risk of the failure of the contract.
Here, when the helicopter manufacturer entered into the contract with the subcontractor, the manufacturer was aware that the helicopters will be used in the "severely war-torn region.
In this case, the subcontractor wasn't aware of the information that the manufacturer knew of and therefore wasn't able to determine the risk that was involved in the contract.
