I interviewed a successful salon owner, and this is what determine her success according to her :
- Persevere , do not give up if somehow something doesn't go how you want it to be
- Care about your customer, and your business should live to fulfill what they need from you
hope this helps<span />
Answer: a. At the end of Year One, the company's liabilities are understated.
Explanation:
Under the Accrual basis of Accounting, revenue should be recorded for only jobs that have been completed. In other words, only earned revenue should be recorded. Revenue that has not been earned but yet received, is to be termed Deferred revenue and should be treated as a current liability.
In this scenario, there are steps that have not been completed so some of the revenue received should be termed deferred revenue. These should therefore be in current liabilities and because they were not, the liabilities for the end of year 1 will be understated.
Answer:
Explanation:
When interest is compounded annually, we can use the following formula to calculate the amount in the account at the end of a given time period.:
Where:
Let's solve the previous equation for t:
Divide both sides by PV:
Take the natural logarithm of both sides:
Replace the data provided by the problem:
A Deliverable-Based Work Breakdown Structure clearly demonstrates the relationship between the project deliverables (i.e., products, services or results) and the scope (i.e., work to be executed). Figure 1 is an example of a Deliverable-Based WBS for building a house. Figure 2 is an example of a Phase-Based WBS for the same project.
wbs chart, work break down structure, deliverable based
Figure 1 – Deliverable Based Work Breakdown Structure
In Figure 1, the Level 1 Elements are summary deliverable descriptions. The Level 2 Elements in each Leg of the WBS are all the unique deliverables required to create the respective Level 1 deliverable.
