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4 years ago

what process include devising and maintaining a workable scheme to ensure that the project addresses the organization's need

Business

1 answer:

nadezda [96]4 years ago

6 0

Answer:

Planning

Explanation:

Planning of a project is needed to provide a guide to sponsors, stakeholders, the team, and the project manager on project phases and schedule.

When planning is done it avoids delays, identifies desired goals, reduces risk, and effectively delivers expected result.

Lack of planning causes waste of resources and missed deadlines on the project.

Steps in a project plan can include the following:

- Meeting with stakeholders

- Set goals

- Define deliverables

- Create a schedule

- Perform risk assessment and identify issues

- Present the plan to stakeholders

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"The Price King Auto Mall pays their sales staff by commission. They are paid a percent of the profit the dealership makes on ea

Mandarinka [93]

Answer:

$625

Explanation:

He made a profit of $2500 which is greater than $1500, so he would earn a 25% commmision

25% of $2500 = $625

I hope my answer helps you

4 0

3 years ago

Peng Company is considering buying a machine that will yield income of $2,100 and net cash flow of $19,500 per year for three ye

irina [24]

The accounting rate of return for this investment given its income, cost of the machine and the salvage value is 8.05%.

<h3>What is the accounting rate of return?</h3>

The accounting rate of return is a capital budgeting method used to determine the level of profitabiliy of an investement.

Accounting rate of return = Average net income / Average book value

Average book value = (cost of equipment - salvage value) / 2

Average book value = (59700 - 7500) / 2 = $21,600

Accounting rate of return = $2100 / 21600 = 8.05%

To learn more about Accounting rate of return, please check: brainly.com/question/13034173

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3 0

2 years ago

Industries is calculating its Cost of Goods Manufactured at year-end. The company's accounting records show the following: Th

san4es73 [151]

Answer: $342,000

Explanation:

Cost of goods manufactured = Beginning work in process inventory + Direct materials used + Direct labor + Manufacturing overhead - Ending work in process inventory

Direct materials used = Beginning raw materials inventory + purchases of raw materials - ending raw material inventory

= 14,000 + 68,000 - 16,000

= $66,000

Cost of Goods manufactured:

= 21,000 + 66,000 + 119,000 + 155,000 - 19,000

= $342,000

5 0

3 years ago

You are a sales director for a company and have noticed employees are showing up towork dressed inappropriately. customers have

pochemuha

You could say something like "From this day forth all staff in the in-house sales department and <span>the traveling sales department. All men must wear suit and tie, and all women must be dressed in jeans and a long sleeve shirt!?"</span>

8 0

3 years ago

The manager for a growing firm is considering the launch of a new product. If the product goes directly to market, there is a 40

julia-pushkina [17]

Answer:

1. Calculate the NPV for each option available for the project. (Do not round intermediate calculations. Enter your answers in dollars, not millions of dollars, e.g. 1,234,567.)

go to market now = $744,000
focus group = $852,000
consulting firm = $916,000

2. Which action should the firm undertake?

A. Consulting firm

The NPV is higher than the rst of the options.

Explanation:

expected payoffs:

option 1 (go to market now) = (40% x $1.86 million) + 0 = $744,000
option 2 (focus group) = (55% x $1.86 million) + 0 = $1,023,000
option 3 (consulting firm) = (70% x $1.86 million) + 0 = $1,302,000

expected NPVs:

option 1 (go to market now) = $744,000
option 2 (focus group) = $1,023,000 - $171,000 = $852,000
option 3 (consulting firm) = $1,302,000 - $386,000 = $916,000

go to market now

5 0

3 years ago