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Okay. So it's $10,000 per year, which is $100,000 in 10 years. I'm not so sure how to solve it exactly, but I found a lump sum calculator online. I put the information on that and according to the calculator, today's payment in a lump sum would be $50,894.93. The future value is $100,000 with 10 periods (in this case, years) of the interest rate of 7% once per year. I think that the answer is $50,894.93.
Traditional project management focuses on thorough planning up front. Such planning requires predictability.
The traditional project management is a practice which includes a set of developed techniques which are used in order for planning, execution, monitoring, closure, and estimating. Here the projects are run in a sequential cycle.
The planning which is done in traditional project management, this planning requires predictability. Thus, the predictability is considered an important factor here. A traditional project management focuses on upfront planning where factors like cost, scope, and time are given importance.
Hence, the entire project is planned upfront without any scope for changing requirements.
To learn more about traditional project management here:
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Answer:
a. The common stockholders.
Explanation:
A company's retained earnings have a financing cost associated with them because retained earnings belong to the common stockholders.
Retained earnings can be defined as the accumulated profits or net income generated by an organization but are not distributed or given as dividends to the stockholders, rather are reinvested in to the business.
Generally, retained earnings are used to pay off debts, used for capital expenditures and working capitals.
Retained earnings represents the total stockholders' equity reinvested back into the company.
Answer:
1. Record the time worked on a client project by professional staff.
The first thing is do is to record the time the client was worked on by a professional staff because CPAs should be charging by the hour.
2. Record the completion of a client project.
The record the completion of a client project so that the project can be considered finished. The total hours worked will be totalized here.
3. Record the application of office overhead.
After the completion of the project the overhead costs are now apportioned and recorded.
