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Sever21 [200]
3 years ago
9

When creating the Statement of Work (SOW) the ___ or ___ should review the SOW with the ___ or ___ to provide an opportunity to

make certain all work is clearly spelled out
Business
1 answer:
dexar [7]3 years ago
4 0

Answer:

The complete sentence is:

When creating the Statement of Work (SOW) the _contractor__ or _project team__ should review the SOW with the _sponsor__ or _customer__ to provide an opportunity to make certain all work is clearly spelled out.

Explanation:

Statement of Work is used in project management to state the work requirements. It involves timeline for vendors to deliver to the client, terms and conditions, pricing, and so on.

It is a legally binding document on all parties involved. Aimed at meeting project deadlines and ensuring deliverables by clearly stating who is accountable at various stages of the project.

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Arturiano [62]
Whats the following....................................................

7 0
3 years ago
Which of the following is an advantage of operating a business as a private limited company?
ss7ja [257]

Answer:

a. It is easier to raise finance as the business can sell shares.

Explanation:

A private limited company can be defined as a type of legal hybrid-business structure that can combine both partnership and corporation form of business, and the owners are only responsible for its debts with respect to the amount of capital they have invested.

Some of the characteristics (features) of a private limited company include;

I. Shares can be issued by the private limited company to raise capital.

II. All the shareholders (owners) of a private limited company have limited liability.

III. After the death of a shareholder, a private limited company will continue to operate its business.

An advantage of operating a business as a private limited company is that it is easier to raise finance as the business can sell shares.

However, one of the disadvantages of a private limited company is that the general public are able to view a summary of their business accounts.

6 0
3 years ago
Required: a. Compute gross profit, the goods available for sale, and the cost of goods sold for the merchandiser. Hint: Not all
vivado [14]

Answer:

A.

a. Good Available For Sale $21,900

b. Cost of goods sold $15,900

c. Gross profit $3,600

B. Net income for merchandise company $1650

Net income for service company $15600

Explanation:

A.Compution for gross profit, the goods available for sale, and the cost of goods sold for the merchandiser.

a. Good Available For Sale

Using this formula

Good available fro sale = Beginning inventory + Net purchase

Let plug in the formula

Good available fro sale = $10,000 + $11,900

Good available fro sale = $21,900

b. COST OF GOODS SOLD

Using this formula

Cost of goods sold = Goods available for sale - Ending inventory

Let plug in the formula

Cost of goods sold= $21,900 - $6000 =

Cost of goods sold= $15,900

c. GROSS PROFIT

Using this formula

Gross profit= Sales - COGS

Let plug in the formula

Gross profit = $19,500 - $15,900

Gross profit= $3,600

b.Computation for net income

Net income for merchandise company = Gross profit - Expenses = $3,600 - $1,950 = $1,650

Net income for service company = Revenue - Expenses = $24,000 - $8,400 = $15,600

8 0
3 years ago
Boyce Company purchased office supplies costing $7,000 and debited supplies for the full amount. At the end of the accounting pe
nadezda [96]

Answer:

B) debit supplies Expense, $5, 200 credit supplies. $5, 200.

Explanation:

When supplies are purchased, he entries posted are debit supplies account and credit cash or accounts payable account.

When supplies are used up, the amount of supplies used is credited to the supplies account and debited to the supplies expense account.

This reduces the book balance in the supplies account to what is physically available.

Quantity used up = $7,000 - $1,800

= $5,200

3 0
4 years ago
Read 2 more answers
Scottso Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $26
seropon [69]

Answer:

Overhead application rate

= <u>Budgeted overhead</u>

  Budgeted machine hours

= <u>$266,400</u>

  18,500 hours

= $14.40 per machine hour

Overhead applied

= Overhead application rate x Actual machine hours

= $14.40 x 19,050 hours

= $274,320

Under-applied overhead

= Overhead applied - Actual factory overhead

= $274,320 - $287,920

= $13,600

Explanation:

In this question, there is need to determine the overhead application rate, which is the ratio of budgeted factory overhead to budgeted machine hours. Then, we will calculate the overhead applied, which is overhead application rate multiplied by actual machine hours. Under-applied overhead is the difference between overhead applied and actual factory overhead.                              .

6 0
3 years ago
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