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weqwewe [10]
3 years ago
9

A project sponsor is responsible for ensuring that all of the project management and technical development processes are in plac

e and being carried out within a set of specific requirements, defined processes, and quality standards.
True / False.
Business
1 answer:
MariettaO [177]3 years ago
3 0

Answer: False

Explanation: The operations defined in the given problem are performed by the project manager and not the project sponsor.

The project manager is typically considered as the owner of the project. Its main duties relates to providing necessary resources to complete the project. On the other hand the project manager is responsible for completing the project in the way it was planned to be.

Thus, the given statement is false.

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In accounting for a contingent liability, if the likelihood of the obligation is probable but the amount cannot be estimated, a
Tems11 [23]

Answer: d. provide disclosure in the footnotes to the financial statements.

Explanation:

A contingent liability is an obligation that a company might owe in future depending on the outcome of an event such as a law suit.

To record a contingent liability in the books, two conditions must be satisfied;

  1. Loss must be probable
  2. Amount must be estimable

If these two conditions are not satisfied then the contingent liability may simply be disclosed as a footnote in the financial statement. The amount here is not estimable so can be disclosed as a footnote.

6 0
3 years ago
With regard to the factors of production, "land" refers to which of these?
Orlov [11]
A) because that is they only one that actually makes sense
6 0
2 years ago
If the rate of inflation is 2.2% per year, the future price pt (in dollars) of a certain item can be modeled by the following ex
postnew [5]

Answer:

1693.25

Explanation:

The computation of the current price of the item and the price 9 years from today is shown below:-

p(t) = 1,200 × (1.039)^t

Now, the current price can be found by putting t = 0

p(0) is

1,200\times (1.039)^0 = $1,200

The price 10 years from today

p(9) is

1,200\times (1.039)^9

Now we will solve the above equation

= 1,200 × 1.411041958

= 1693.25035

or

= 1693.25

6 0
3 years ago
Snyder, Inc. manufactures three types of golf balls; the Worm-burner, the Escalator, and the Slice. Over the past year, variable
jolli1 [7]

Answer:

D

Explanation:

Sales mix is a ratio of products sold. In this case, sales by golf ball type as a percentage of total sales is the sales mix as it shows the ratio of product sold.

7 0
3 years ago
Read 2 more answers
Bonita Corporation had net sales of $2,409,200 and interest revenue of $38,100 during 2020. Expenses for 2020 were cost of goods
____ [38]

Answer:

net income: $ 451,010

EPS:             $           6.32 per share

Explanation:

net sales                   2,409,200

cost of good sold     (1,464,600)

gross profit:                  944,600

operating expenses:

selling expenses         (284,000)

operating income         660,600

non operating:

interest revenue              38,100

interest expense           (54,400)

non operating expense (16,300)

earning before taxes:     644,300

tax expense:  30%          193,260

net income                      451,010

shares outstanding          71,390

Earning per share: 451,010/71,390 = 6,31755

4 0
3 years ago
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