Any approved budget increase should be added to the project cost baseline.
What is budget?
A budget is a calculated plan, usually but not always financial, for a specific time period, usually a year or a month. A budget may incorporate expected sales volumes and revenues, resource quantities such as time, costs, and expenses, environmental impacts such as greenhouse gas emissions, and other impacts, assets, liabilities, and cash flows. Budgets are used by businesses, governments, families, and other groups to outline strategic plans of activities in measurable terms.
A cost baseline is the authorised spending plan for the project's life cycle. It includes every project activity, task, and resource that is required for a project. This includes any contingency reserve cash set aside to address potential difficulties identified in a risk study.
So, C is the right answer.
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SPJ4
Answer:
$754,000
Explanation:
Calculation to determine Happy Lawn's 20X1 Bad Debt Expense?
Using this formula
Bad Debt Expense=Cash collected +
Allowance for Doubtful Accounts debit balance
Let plug in the formula
Bad Debt Expense=$750,000+$4,000
Bad Debt Expense=$754,000
Therefore Happy Lawn's 20X1 Bad Debt Expense is $744,000
Answer:
c. 1.14
Explanation:
Year Cash Flow PV Factor 10% PV of Cash flows
($) ($)
Year 1 180,000 0.909 163,620
Year 2 120,000 0.826 99,120
Year 3 100,000 0.751 75,100
Year 4 90,000 0.683 61,470
Year 5 90,000 0.621 55,890
Total = 455,200
Initial cash outflow = $400,000
Cash inflow = $455,200
So, we can calculate the present value index by using following formula,
Present value index = Cash inflow ÷ Cash outflow
= $455,200 ÷ $400,000
= 1.14
Answer:
The answer is: No
Explanation:
In order for this clause to be enforceable against Malik or his friend Jecala, they should have been notified about it before they purchased the ticket. Oceanfront is changing the contract terms unilaterally without notifying the other party and that is not legal. A contract (the ticket is a type of contract) is an agreement between two parties, not one party imposing his conditions over the other.