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Doss [256]
3 years ago
13

_________ involves reviewing the project charter, requirements documents, and organizational process assets to create a scope st

atement, adding more information as requirements are developed and change requests are approved.
a. Creating scopeb. Defining scopec. Controlling scoped. Validating scope
Business
1 answer:
Shalnov [3]3 years ago
7 0

Answer:

The correct answer is B

Explanation:

Defining the scope means all the work which is required to be completed in order to accomplish the objectives or goals of the project. In short, it comprise of the procedure of documenting, reviewing and the identifying the particular goals of the project, tasks, timeline dates, outcomes and costs to the objective of the project.

Therefore, the defining scope comprise of the process of organizational, reviewing the project charter and documents in order to establish the scope statement adding information as the requirements are developed.

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Which of the following best describe the interrelated components of internal control? Risk assessment process, backup facilities
kvasek [131]

Answer:

<em>Control environment; risk assessment process; control activities; the information system, including related business processes; and monitoring of controls.</em>

Explanation:

<em>From the following, the </em><em>OPTION which best illustrates the interrelated components </em><em>of internal control is </em><em>OPTION (C).</em>

Because as we know that interrelated components of internal control consists of co-ordination, as well as handling and controlling the system, taking illustration of the work and making of positive decisions.

So this is the reason OPTION (C) will be the answer, as it also consist all of the components which are present in interrelated components of internal control.

6 0
3 years ago
Grand River Corporation reported taxable income of $500,000 in year 1 and paid federal income taxes of $105,000. Not included in
kondor19780726 [428]

The corporation's current earnings and profits for year one would be (A) $354,000.

<h3>What is taxable income?</h3>
  • The base on which an income tax system levies tax is referred to as taxable income.
  • In other words, the income is subject to taxation by the government.
  • In general, it includes some or all elements of income before costs and other deductions are deducted.
  • Income, costs, and other deductions differ depending on the country or system.
  • Many systems stipulate that certain types of income are not taxable (also known as non-assessable income) and that certain expenses are not deductible when calculating taxable income.
  • Some systems base tax on current-period taxable income, while others base it on prior-period taxable income.
<h3>To find the current earnings and profit for one year:</h3>

Income + Installment sale = 500,000 + 25,000 = $525,000

Income taxes + tax-exempt income = 170,000 + 1000 = $171,000

525,000 - 171,000 = $354,000

Therefore, the corporation's current earnings and profits for year one would be (A) $354,000.

Know more about taxable income here:

brainly.com/question/26316390

#SPJ4

Complete question:

Grand River Corporation reported taxable income of $500,000 in year 1 and paid federal income taxes of $170,000. Not included in the computation was a disallowed meal and entertainment expense of $2,000, tax-exempt income of $1,000, and deferred gain on an installment sale of $25,000. The corporation's current earnings and profits for year 1 would be:

A) $354,000.

B) $524,000.

C) $500,000.

D) $331,000.

7 0
2 years ago
"In employees decide how motivated they are by evaluating the likelihood that their effort will produce a certain level of perfo
kobusy [5.1K]

Answer:

Vroom's expectancy theory

Explanation:

Vroom's Expectancy theory states that three factors determine how motivated people will be. They are; expectancy, valence and instrumentality.

Expectancy is how employees expect they will perform or the effort they will have to put in to produce a certain level of performance.

Instrumentality relates to the belief that performance will achieve the required results and yield certain rewards.

Valence refers to how much employees value the rewards they receive.

4 0
3 years ago
Economists normally assume that the goal of a firm is to
Elina [12.6K]

Answer:

Profit Maximisation

Explanation:

Profit is the difference between total revenue (receipts) from sale & total cost (expenditure) on production.

Total Revenue = Price x Quantity ; Total Cost = Average Cost x Quantity

Economists study all the producer behaviour, based on assumption that : Goal of firm is Profit Maximisation.

Maximising Profit implies maximising the difference between Total Revenue & Total Cost [ TR - TC] . This further leads to producer equilibrium rule of Marginal Revenue = Marginal Cost [MR = MC] ; i.e additional revenue per unit sold equals additional cost per unit production.

6 0
3 years ago
Giada Foods reported $1,010 million in income before income taxes for 2021, its first year of operations. Tax depreciation excee
Fiesta28 [93]

Answer:

$32.4 million

Explanation:

The computation of the balance in the deferred tax liability in the December 31, 2021, balance sheet is shown below:

Deferred tax liability  is

= Tax depreciation exceeded depreciation for financial reporting purposes × enacted tax rate

= $108 million × 30%

= $32.4 million

Simply we multiplied the exceeded amount with the enacted rate so that the deferred tax liability could come

6 0
3 years ago
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