Assembling a project team and assigning their responsibilities are done during the project initiation phase of project management.
Project management is an important part of achieving an objective, and is relevant in all spheres, from businesses, to social work, to sports, and education. Projects have a definite time frame for completion and therefore a lifecycle. There are distinct phases in executing a project.
The first phase is the project initiation phase. Here, decisions on the need and significance of the project are taken. Feasibility, viability, and practicality are important. The project charter is drawn up, targets are set, and responsibilities are allocated.
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Answer:
The answer is: The predetermined overhead rate is $10 per machine hour.
Explanation:
We must first determine the total overhead cost:
total overhead = fixed overhead cost + (variable overhead x machine hours)
total overhead = $300,000 + ($4 x 50,000) = $500,000
To get the predetermined overhead cost we divide the total overhead cost over the estimated machine hours.
Predetermined overhead cost = $500,000 / 50,000 = $10 per machine hour
Answer:
The current return to market investors is 6.8%
Explanation:
The return to market investors currently can be expressed the dividends divided by market price.This is computed below:
Return on preferred stock=$5.6/$82.08
=0.068
The return on preferred stock is 6.8% in percentage terms.
Ordinarily,the return on stock is usually made of up dividend yield as calculated as well as gains yield, which is the return derived from increase in market share price of the stock.
Since the increase or decrease in share price is not given in this question, we assume only dividend yield is applicable,hence we calculated return accordingly.
Answer:
Quality strategy is related to quality. It is part of both market and product strategy. It includes innovating and formulating the Quality strategy by taking into account the market requirement and the abilities of the producer.
Quality is the key concern for some companies, they stand out from others by offering a quality product. Various factors influence this strategy, there are internal and external factors. The external factors include cultural and technological, customer needs, integration, and globalization, while the internal factors include skills and competencies in management, design, research, and technology.
Answer:
Reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.
Explanation:
FASB is an acronym for Financial Accounting Standards Board. The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors. It was founded in 1972 but began operations fully on the 1st of July, 1973 by replacing the Accounting Principles Board (APB) and American Institute of Certified Public Accountants (AICPA).
When the operating activities section of the statement of cash flows is reported using the indirect method, the FASB requires that, you report net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.
Hence, the indirect method for the preparation of the operating activities section of the statement of cash flows reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.
Some examples of operating activities are cash revenue from the sales of a product, cash paid as an expense for merchandise etc.