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Andre45 [30]
3 years ago
12

A project is a time-bound effort constrained by performance specifications, resources, and budget to create a unique product or

service. a. True b. False
Business
2 answers:
Mnenie [13.5K]3 years ago
7 0

Answer:

a. True

Explanation:

In addition to the definition above, most project goals and plans usually are more specific in the early stage of work even until it is completed.

77julia77 [94]3 years ago
7 0

Answer:

TRUE

Explanation:

It is a true assertion that a project is a time-bound effort constrained by performance specifications, resources, and budget to create a unique product or service.

There are 3 things that define a project - Scope, Cost and Time.

Scope: Every project has an aim to achieve and involves the achievement of specific goals, deliverables, features and functions.

Cost: The project must have a specified budget which represents the cost to achieve the goal(s) of the project

Time: Every project must be delivered within a specified time.

Therefore the definition offered above is an appropriate definition of a project

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An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Vaugh
polet [3.4K]

Answer:

Beginning Raw material Inventory = Direct materials used - Raw Materials purchases + Ending raw materials inventory

= 188,420 - 159,120 + 22,610

= $‭51,910‬

Total cost of work in process = Cost of goods manufactured + Work in process (12/31)

= 544,240 + 83,230

= $627,470

Total Manufacturing costs = Total cost of work in process - Work in process (1/1)

= 627,470  - 220,940

= $406,530

Direct labor = Total Manufacturing costs - Total overhead - Direct materials used

= 406,530 - 139,320 - 188,420

= $78,790

3 0
3 years ago
Suppose a flood changes the production capacity in a country. How would you represent this situation with a production possibili
german

Explanation:

The flood will lead to the destruction of the resources in the country.This will result in the shifting of the PPC curve leftward in the economy.

Earlier PPC is represented by PP curve.After the floods and destruction of resources,the curve shifts to P1P1.It is due to the availability of the number of possible combinations which decreases with the destruction of resources.

6 0
3 years ago
PLSS HELP -->> societies make decisions about who gets the goods they produce by:
ipn [44]

Answer: C

Explanation: it’s c

5 0
2 years ago
Select the appropriate reporting method for each of the items listed below.
Radda [10]

Answer:

        Items                   ---             Reporting Method

1 . Accounts payable - Current liability

2 . Current portion of long-term debt - Current liability

3 . Sales tax collected from customers - Current liability

4 . Notes payable due next year - Current liability

5 . Notes payable due in two years - Long-­term liability

6 . Advance payments from customers - Current liability

7 . Commercial paper - Current liability

8 . Unused line of credit - Disclosure note only

9 . A contingent liability that is probable likelihood of occurring within the next year and can be estimated - Current liability  

10 . A contingent liability that is reasonably possible likelihood of occurring within the next year and can be estimated - Disclosure note only

6 0
3 years ago
2. On January 2, 2017, heavy equipment costing $800,000 was purchased. The equipment had a life of 5 years and no salvage value.
Naddika [18.5K]

Answer:

The solution to the given problem is done below.

Explanation:

(a)            Depreciation

            for Financial              Depreciation for Temporary

Year         Reporting Purposes           Tax Purposes            Difference

2017           $160,000                          $264,000          (104,000)

2018           $160,000                          $360,000          (200,000)

2019           $160,000                           $120,000            40,000

2020           $160,000                           $56,000            104,000

2021                  $160,000                                      0                        $160,000

                         $800,000                            $800,000                   0

(b)                        2018       2019          2020         2021           Total  

Future taxable

amounts:

Depreciation     $(200,000)      $40,000      104,000    $160,000    $104,000

Deferred tax liability: $104,000 × 40% = $41,600 at the end of 2017.

8 0
2 years ago
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