1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Firlakuza [10]
3 years ago
15

Identify and describe the three steps that the team should follow in order to define project scope and create a project scope st

atement
Business
1 answer:
Fittoniya [83]3 years ago
8 0

Answer:

3 steps are:

Planning

Controlling

Closing

Explanation:

Project scope is the term which is defined as the work that require to be achieved in order to deliver the product, result or service with the particular or specified functions as well as features.

The 3 steps which a team need to follow in defining the project scope and creating a statement of project scope is as:

1. Planning - It is that procedure where an effort is made in order to capture or apprehend and define the work which needs or required to be perform or done.

2. Controlling - The processes of monitoring and controlling focus on the scope creep, approving or disapproving the project changes, tracking and documenting tracking.

3. Closing -It is the final procedure of the project scope, it involves the audit of the assessment and the deliverables of the project against the original plan.

You might be interested in
Which three factors decrease because of protectionism? competition job security domestic production goodwill with trade partners
ludmilkaskok [199]

answer:

competition, goodwill with trade partners, and importation of goods

3 0
2 years ago
Journalizing transactions, posting journal entries to four-column accounts, and preparing a trial balance
andriy [413]

Answer:

1. Record each transaction in the journal. Explanations are not required.

April 1

Dr Cash 70,000

    Cr Common stock 70,000

April 3

Dr Office supplies 1,100

Dr Furniture 1,300

    Cr Accounts payable 2,400

April 4

Dr Cash 2,000

    Cr Service revenue 2,000

April 7

Dr Land 30,000

Dr Building 150,000

    Cr Cash 40,000

    Cr Notes payable 140,000

April 11

Dr Accounts receivable 400

    Cr Service revenue 400

April 15

Dr Salaries expense 1,200

    Cr Cash 1,200

April 16

Dr Accounts payable 1,100

    Cr Cash 1,100

April 18

Dr Cash 2,700

    Cr Service revenue 2,700

April 19

Dr Accounts receivable 1,700

    Cr Service revenue 1,700

April 25

Dr Utilities expense 650

    Cr Accounts payable 650

April 28

Dr Cash 1,100

    Cr Accounts receivable 1,100

April 29

Dr Prepaid insurance 3,600

    Cr Cash 3,600

April 29

Dr Salaries expense 1,200

    Cr Cash 1,200

April 30

Dr Rent expense 2,100

    Cr Cash 2,100

April 30

Dr Dividends 3,200

    Cr Cash 3,200

2. Open the following four-column accounts including account numbers:

3. Post the journal entries to four-column accounts in the ledger,

I used an excel spreadsheet to answer questions 2 and 3

4. Prepare the trial balance of Theodore McMahon, Attorney, at April 30, 2018.

In order to prepare a trial balance we must prepare an income statement first.

Service revenue $6,800

Salaries expense -$2,400

Rent expense -$2,100

<u>Utilities expense -$650 </u>

Net income $1,650

retained earnings = net income - dividends = $1,650 - $3,200 = -$1,550

  Theodore McMahon, Attorney

               Balance Sheet

<u>For the Month Ended April 30, 2018</u>

Assets:

Cash $23,400

Accounts receivable $1,000

Prepaid insurance $3,600

Office supplies $1,100

Furniture $1,300

Land $30,000

Building $150,000

Total assets: $210,400

Liabilities and Equity:

Accounts payable $1,950

Notes payable $140,000

Common stock $70,000

Retained earnings ($1,550)

Total liabilities and equity: $210,400

Download pdf
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> pdf </span>
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> pdf </span>
7 0
3 years ago
On January 1, Gucci Brothers Inc. started the year with a $705,000 balance in Retained Earnings and a $608,000 balance in common
gtnhenbr [62]

Answer:

Stockholder Equity= $1,414,400

Explanation:

Stockholder Equity is the owners contribution to a business and it is made up of retained earnings and stock.

Stockholder Equity = Common stock + Retained Earnings

Let's track changes in common stock

Common stock= Starting balance + New stocks issued

Common stock= 608,000 + 22,500

Common stock= $630,500

Changes in retained earnings

Retained earnings= Starting balance + Income earned - Dividend paid out

Retained earnings= 705,000 + 93,000- 14,100

Retained earnings= $783,900

Therefore

Stockholder Equity= 630,500+ 783,900

Stockholder Equity= $1,414,400

7 0
3 years ago
Search for different leadership across cultures.
Dima020 [189]

Answer:

It means making an effort to constantly explain your actions, decision-making approach and communication methods and learning to lead in different ways to motivate your team to trust in your abilities as a leader and to follow you. Seeking specialised cultural diversity support?

Explanation:

plzzzzzzz follow me

and Mark my answer in brainlist

6 0
3 years ago
Leary Manufacturing Corporation purchased 5,000 shares of its own previously issued $10 par common stock for $115,000. As a resu
Tcecarenko [31]

Answer:

B. Leary's total stockholders' equity decreased $115,000.

Explanation:

When a company purchases its previously issued stocks, this is called Treasury Stocks. These becomes stocks issued but not part of the outstanding stocks and are not included in the computation of Earnings Per Share. When Treasury Stock is presented in the Stockholder's Section of the Balance Sheet, this is deducted from the total Stockholder's Equity, notwithstanding the par value of the common stock.

6 0
3 years ago
Other questions:
  • Marigold Manufacturers Inc. is a firm that produces and sells home appliances. Marigold Manufacturers Inc. acquires a women's ap
    5·1 answer
  • Scenario: Home Monopolist) A monopolist faces a demand curve given by P = 60 2Q and has total costs given by TC = Q2. Its margin
    13·1 answer
  • A regular customer, who is known for being demanding, comes in and asks for his favorite server. unfortunately, that server is n
    10·1 answer
  • Cassey wished to convey a 40-acre tract of land to his two children, George and Martha, so each would own the property equally a
    5·1 answer
  • A tax on a good a. lowers the price that buyers pay and lowers the price that sellers receive. b. lowers the price that buyers p
    6·1 answer
  • What degree do you need for a cosmetologist
    10·1 answer
  • To save for retirement, Jamie decides to invest in an annuity that pays 5% annual interest, compounded annually. If Jamie contri
    11·1 answer
  • Revenue is recorded when services have been performed or products have been delivered to customers. The accounting principle sup
    10·1 answer
  • Presented below is selected information for three regional divisions of Medina Company.
    7·1 answer
  • How and Why Can Complexity Theory be Applied by Managers to Implement Strategic Change?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!