Answer:
The correct answer is letter "D": It documents in detail the work that must be completed for a particular object, and includes specifics such as tasks, deliverables, standards, payment schedule, and work timeline.
Explanation:
A statement of work is a document used to describe step-by-step the activities that will be carried out in a project or particular task. This type of document establishes also the timeframe in which each activity should be performed, the deliverables for a vendor, payments, and quality standards that the task must fulfill. Even if the document has a lot of details, only specific information must be written in it.
Since the college wants to pay $300 later (1000 – 700), Russell’s Consulting Services Company will classify this amount as a receivable.
The journal entry required for this transaction is:
Cash A/C Dr 700
Accounts Receivable A/c Dr 300
To Sale of services 1000
There are three accounts involved – cash, accounts receivable and sales.
Of these, cash and accounts receivables are a part of the balance sheet and these accounts will show an increase of $700 and $300 respectively.
Sales (or Revenues), on the other hand, forms a part of the income statement and will show an increase of $1000.
I believe it should be lack of investment
Answer: The the minimum price that would induce this company to produce the 601st heart rate monitor is <u>$70</u>.
Explanation: The marginal cost of producing one more unit is equal to 30070 - 30000 = 70.
A company produces to the point where the price is equal to the marginal cost. In other words, the cost of producing one more unit does not exceed the benefit to be obtained from the sale of one more unit.
Answer:
Letter b is correct. <u>Time frame.</u>
Explanation:
The SMART system is defined as an aid tool for achieving goals. It is a tool that can be used both by an individual and in corporations.
In order to achieve a goal, it is necessary to have the ideal planning of the set of actions that will contribute to the achievement.
Therefore, each letter of the word SMART corresponds to a meaning relevant to the effective implementation and achievement of a goal
S: specific. When drawing up a goal you must be direct and specific.
M: Measurable. To achieve goals, it is necessary to use a tangible indicator that assists the measurement.
A: Achievable. A goal must be planned according to the real possibility of being achieved.
R: Relevant. Goals must be relevant and create positive results for a person or organization.
T: Time. It is necessary to determine a time for the goal to be achieved. In the question above, Amy lacked the planning for the deadline for achieving the goal, because without it there are great chances that the goal will not be taken seriously and not met.