When a consumer attempts to decide which bundle to use, he or she is determining the Breakeven point.
The break-even point threshold is reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss.
This is a crucial calculation to include in your business plan for every new venture. This is due to the fact that some businesses may take years before becoming profitable, frequently losing money in the initial months or years before achieving break-even. The Break-even point is crucial in any company plan given to a potential investor because of this.
This might be a useful tool for existing organizations to verify their potential recovery from disaster scenarios in addition to cost analysis and profit evaluation at various sales volumes.
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A project plan describes the business need (the problem the project will solve) and the justification, requirements, and current boundaries for the project. The correct option of this question is c i.e. project plan.
A project plan is formal documentation that defines the stages of the project and its execution. This includes the business need, the resources required and their justification and optimized application and the extents of the project. Project planning is done by the project managers and project planning softwares is used for this purpose. It is the who, how, what, why, where and when of a project.
<u>The other options are incorrect because:</u>
- Project scope is a part of a project plan and it determines what the extents, limits and boundaries of the project are.
- Project management is the use of specific tools and expertise to ensure the successful completion of a project.
- Project manager is the individual who plans, organizes and executes projects.
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Answer:
Explanation:
The journal entry to record the bad debt expense is shown below:
Bad debt expense A/c Dr $11,181
To Allowance for doubtful debts $11,181
(Being bad debt expense is recorded)
The computation of the bad debt expense is shown below:
= (Accounts receivable × estimated percentage given
) - (credit balance of Allowance for Doubtful Accounts)
= ($206,300 × 7%) - ($3,260)
= $14,441 - $3,260
= $11,181
Answer:
Empathy is important because it awakens our senses as designers.
