All categories

4 years ago

What is a business requirement?

Business

1 answer:

Ganezh [65]4 years ago

5 0

Answer: Option A

Explanation: In simple words, business requirements refers to the set of complex activities regarding operating of a business that the organization must performs to continue in the market. Usually these activities involves identifying the needs of others and performing accordingly to fulfill those needs.

These activities are not general in nature, they are specific in nature for a particular group that needs to perform it or the one which needs to get it performed.

You might be interested in

On January 1, Jamaica Company purchased equipment for $18,000. The estimated salvage value is $2,000 and the estimated useful li

Elanso [62]

Answer:

Depreciation expense on third year is $2,400

Explanation:

First, we must compute the depreciation expense for the first 2 years.

($18,000 - 2,000)/5years = $3,200 depreciation expense per year.

Second, let’s compute the net book value before the adjustment.

$3,200 x 2 years = $6,400 (total depreciation for 2 years)

$18,000 - $6,400 = $11,600 (Net book value before adjustment)

Finally we can now compute the Depreciation expense on the third year.

($11,600 - $2,000) / 3+1

$9,600/4 = $2,400 (new depreciation expense on third year)

8 0

3 years ago

Daube Company's operations for the month of July are summarized as follows: Provided $8,600 of services on account. Received $3,

Norma-Jean [14]

Answer: See explanation

Explanation:

a. Determine the net income for July using the cash basis of accounting.

Revenue = $3800 + $1100 + $5100 = $10000

Less: Expense = $1200

Net Income = $10000 - $1200 = $8800

b. Determine the net income for July using the accrual basis of accounting.

Revenue = $8600 + $3800 = $12400

Less: Expense = $1300

Net income = $12400 - $1300 = $11100

8 0

3 years ago

Creators foster the open exchange of ideas across functions and departments and cultivate rigorousdebate. In your own words, why

Ne4ueva [31]

Answer:

As per the examples of the creators code Many things related to the performance of the company. It is critical to have a solid plan, to have a profitable products and services and to have effective methods. Although it is up to the individuals inside the organisation to actively enforce policies, plans ,and procedures that make a company a success.

5 0

3 years ago

You are looking to purchase a Tesla Model X sport utility vehicle. The price of the vehicle is $94,000. You negotiate a six-year

natulia [17]

Answer:

Purchase of Tesla Model X Sport Utility Vehicle

The amount of the balloon payment six years from now is:

= $39,322.67.

Explanation:

a) Data and Calculations:

Cost of vehicle = $94,000

Period of loan = 6 years

Terms: No down payment and no monthly payments during the first year.

Monthly payment after the first year = $1,350

Total payments to be made = $104,122.67

The total payments including interest from an online financial calculator:

Payoff: 6 years 5.13 months

You will need to pay $1,350.00 every month for 6 years 5.13 months to payoff the debt.

Monthly Payment $1,350.00

Time Required to Clear Debt 6.43 years

Total of 77.13 Payments $104,122.67

Total Interest $10,122.67

Total monthly payments from second year to fifth year = $64,800 ($1,350 * 48)

Expected balloon payment to cover the remaining principal = $39,322.67 ($1014,122.67 - $64,800)

4 0

3 years ago

You are thinking about renting a room in a house next year with three of your friends. For each month's rent, you are willing to

Alecsey [184]

Answer:

1. $200

2. $255

3. $455

Explanation:

Producer surplus is the difference between the least price a producer is willing to sell his product and the price of the good.

Producer surplus = price - least price of the product

$400 - $350 = $50

$50 × 4 = $200

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = highest amount a consumer would be willing to pay - price

Consumer surplus for me = $435 - $400 = $35

Consumer surplus for the first friend = $400 - $400 = 0

Consumer surplus for the second friend = $560 - $400 = $160

Consumer surplus for the third friend = $460 - $400 = $60

Total surplus = consumer surplus + producer surplus

Total consumer surplus = $60 + $160 + 0 + $35 = $255

Total surplus = $255 + $200 = $455

I hope my answer helps you

6 0

3 years ago