When you engage in this action as a project manager, this is known as <u>reforecasting</u>.
<h3>What is reforecasting?</h3>
- It refers to changing the amounts ascribed to budgetary items.
- It is usually done due to a change in projected spending or income.
The vendor in question is costing more than anticipated which means that there is an increase in spending. By shifting funds and recalibrating the budget, you are reforecasting.
In conclusion, option D is correct.
Find out more on budgeting at brainly.com/question/6663636.
Explanation:
Blame shifting or differences in departments that are linked in the project might arise where specific resources are assigned tasks in tight time frames. Since resources are specified, this might also lead to professional jealousies, if one resource is working well than the other. This can also hamper team building ideology in the organization, where the fast pacers will feel better than those who didnt perform well in that specific project and negate working with them in future
Answer:
The answer is C.
Explanation:
Credit sales is $6,000
Bad debt is 3% of net credit sales which is $180($6,000 x3%)
Creating allowance for doubtful debt entry is one of the prudent method and it tells us that some customers won't pay part of what they are owing. And it is also a contra account that offset bad debt.
According to the accounting rule, debit increases asset and expenses and vice-versa while credit decreases liability, equity, income and vice versa.
So we have have:
Dr Bad debt expense $180
Cr Allowance for Doubtful Accounts $180
Answer:
False
Explanation:
Capital budgeting is needed in any project work as it entails the process and procedures taken in evaluation and selection of long-term investments that are consistent with the firm's goal of maximizing owner's wealth.
Normally, before a company invest or undergo any project, background work is done to know if the project will yet profit or no, feasibility study is carried out and things are put in place. If it is favourable for the firm and profit is high, firms may choose to invest after weighing the pros and cons (advantage and disadvantage) of the project before investment. So return of investment initial investment is not really considered when taking up a project as all project is done at their own risk.
Answer:0.63; rises
Explanation:
As the price of good X rises from $1.50 to $1.75 the result is a decrease in the quantity demanded of good X from 650 units to 590 units. The price elasticity of demand for good X is _____0.63________ and total revenue _____rises_____ as the price of good X rises from $1.50 to $1.75.
