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professor190 [17]
3 years ago
15

What takes place during pre-planning

Business
1 answer:
Xelga [282]3 years ago
4 0

 capital project begins when someone believes that facilities are not available to allow them to successfully complete their goals. At this point, they become a client of PDC. They feel the solution to the problem is new or remodeled space that more fully meets their needs. These ideas come from a variety of sources including students, faculty, staff, and the public -"If we only had a new building with more space and better equipment, we could be successful".

Projects become candidates for further development after approval by the President and following review by the affected Deans or Vice President and the Provost.

Capital projects are often the result of programmatic changes. A department has a problem with space as a result of changes in their program or deterioration of their current facilities. Enrollment changes have triggered the need for new or modified facilities. Changing research activities requiring different or additional space to support laboratory needs have become a major influence in the need for space. The one thing all of these changes have in common is consistency with the University Strategic Plan.

PDC helps the client define the scope of the project. The client may not have considered all of their needs or completely defined the program and its relationship with other activities. PDC works with the client to define the problem and investigate solutions. We occasionally combine the needs of several programs into a single project to create a coordinated solution. For major remodeling we develop a comprehensive project to address all of the facility's needs, including fire safety, deferred maintenance, accessibility, and energy conservation.

College administrators review the project to establish justification and priority. The college judges the project and its relationship to the strategic plan and the priorities of other projects in the same college. Changes may be made for a variety of reasons - the project is not needed because the problem can be solved in another way or the need is no longer great enough to warrant significant capital investments.

Preparation of cost estimates is important. In the early stages of development, there is limited information available. These early cost estimates are based on cost-per-foot for similar projects and their accuracy is therefore limited by lack of detail. As the project concepts are more fully defined, including site, we are able to develop specific and accurate project and construction costs.

Projects are reviewed by the President's Capital Projects Advisory Committee (CPAC) where concept approval is required before more detailed planning is initiated. PDC assists the CPAC only by reviewing and preparing budgetary cost estimates to determine the feasibility of a project. There are a number of levels of review and decision points to make sure that a project is justified. The administration and the Board of Regents review the project in the context of the approved strategic plan of the university.

Completion of the Campus Master Plan has allowed the university and the Board of Regents to relate the need for a project with long-term development plans of the university. Additionally, the administration review considers the relative priority of each of the projects and its likelihood of success and constituent support. Project needs often can be solved in a number of ways and it may be helpful to combine the needs of several small projects into a single larger project. Change may result from adjustments to several projects because vacated space will be available. Projects are occasionally phased to meet either programmatic, construction or funding constraints.


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On January 15, the end of the first pay period of the year, North Company’s employees earned $26,000 of sales salaries. Withhold
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Answer: Please see the  explanation column

Explanation:

Journal entry to record North Company’s salaries expense and related liabilities.

Date            Particulars                        Debit                 Credit

Jan, 15 Sales salaries expense      $26,000

     To  FICA Social Security taxes

payable at 6.2%                                                                $1,612

     To FICA Medicare taxes

payable at 1.45%                                                                 $377

  To federal income taxes payable                                 $2,000

To employee medical insurance payable                           $429

To  employee union dues payable                                      $180

 Sales Salaries Payable                                                      $21.402

Working :

FICA Social Security taxes = 6.2% x $26,000 = $1,612

FICA Medicare taxes = 1.45% x 26,000 = $377

Salary payable =Sales salaries expense -(FICA Social Security taxes payable + FICA Medicare taxes payable + federal income taxes payable+medical insurance payable  +employee union dues payable  ) = 26,000 - (1612+377+2000+429+180)=$21,402.

6 0
2 years ago
Which of the following statements about the relationship between the financial market and the
BigorU [14]

Answer:

C

Explanation:

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7 0
2 years ago
You work as a salesperson for a chemical manufacturer, which keeps you very busy. Your customers are photographers who use your
ELEN [110]
I think the answer is B
7 0
2 years ago
Your company is considering a new project that will require $10,000 of new equipment at the start of the project. The equipment
zmey [24]

Answer:

Estimate the present value of the tax benefits from depreciation:

D. $1,851

Explanation:

<em>Step 1: Determine annual depreciation</em>

A.D=(A.C-S.V)/N

where;

A.D=annual depreciation

A.C=acquisition cost

S.V=salvage value

N=useful life

In our case;

A.D=unknown, to be determined

A.C=$10,000

S.V=$3,000

N=5 years

replacing;

A.D={(10,000-3,000)/5}=7,000/5=$1,400

Annual depreciation=$1,400

<em>Step 2: Determine annual tax benefits</em>

Annual tax benefits=tax rate×annual depreciation

where;

tax rate=34%=34/100=0.34

annual depreciation=$1,400

replacing;

Annual tax benefits=0.34×1,400=$476

<em>Step 3: Determine present value of the annual tax benefits</em>

Year                  Future value                Present value

 1                          476                            476/{(1+0.09)^1}=436.70

 2                         476                            476/{(1+0.09)^2}=400.64

 3                         476                            476/{(1+0.09)^3}=367.56

 4                         476                            476/{(1+0.09)^4}=337.21

 5                         476                            476/{(1+0.09)^5}=309.37

Total present value of the tax benefits=436.70+400.64+367.56+337.21+309.37=$1,851.48

Estimate the present value of the tax benefits from depreciation=$1,851

3 0
3 years ago
Noah is in the process of getting organized. Which of the following actions should he take during this time? Check all that appl
Alekssandra [29.7K]

Answer:

B. Noah should put all of his important projects into a calendar that he looks at every day.

D. Noah should write down a list of all of the actions he needs to take so that he will have a reminder of what he needs to do when he needs to do it.

Explanation:

Getting organized means that one is putting things into a coherent order to enable them to be able to achieve the things they want to achieve more efficiently. An organized person is able to note the plans that they have, how they want to achieve such plans and the resources they will need to do so as well.

As Noah is getting organized, he should come up with a list of actions he will need to take to achieve his goals and write them down so that he is constantly reminded of them and it does not slip his mind.

A way to remember such actions is to put them into a calendar that he will look at every day. This will remind him that he has things to do and put the pressure on him to do so.

4 0
3 years ago
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