A large percentage of the revenue of most firms is spent on operations.
Staying on top of your company's percentage of revenue is an essential task for any business. This percentage helps provide an understanding of the success or lack thereof of different areas within the company, from sales and marketing to product development.
Analyzing the percentage of revenue gives businesses insight into which strategies are most successful and which may need to be adjusted in order to achieve maximum efficiency and profits. With an accurate understanding of your company's percentage of revenue, you can be confident that your business is headed in the right direction.
Hence, the correct option is "A".
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redesigning and automating business processes can be seen as a double-edged sword because:
Because job losses may accompany efficiency gains, redesigning and automating business processes can be viewed as a double-edged sword.
Job loss refers to the disappearance of jobs as a result of fundamental economic structural changes, as opposed to brief fluctuations in demand.Imports, trade deficits, offshore outsourcing, direct foreign investment, and restructuring are just a few of the many reasons cited for job losses. However, according to economic theory, each of these results in a net loss of jobs, not a net loss of jobs.Along with the obvious financial hardship it can bring, losing a job can be extremely stressful for your mood, relationships, and general mental and emotional health. Most of the time, our jobs are more than just a means of support. They affect howTo know more about Job loss here
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Suppose an economy is in long-run equilibrium. An increase in consumption expenditure will?
a. shift the short-run aggregate supply curve rightward and increase both the price level and real output in the long run.
b. increase the price level in the long run but have no effect on real gross domestic product.
c. decrease both the price level and real gross domestic product in the long run.
d. shift the aggregate demand curve rightward and increase the real output in the long run.
Option (b). Increase the price level in the long run but have no effect on real gross domestic product.
What are the domestic products?
GDP measures monetary value of the final goods and services produced in a country (i.e. purchased by final consumers) over a specified period of time (such as a quarter or a year). Counts all electricity generated within a country's borders.
What is the good domestic product?
GDP is sum of all value added produced in the economy. Value added is the value of the goods and services produced minus the value of the goods and services required to produce them, known as intermediate consumption.
What are the domestic product growth?
GDP is sum of gross value added of all producers residing in the economy plus product taxes minus subsidies not included in the value of their products. This is calculated without depreciation of manufactured assets or deductions for depletion and deterioration of natural resources.
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Brief Exercise 13-2 (Static) Noninterest-bearing note; accrued interest (LO13-2) On October 1, Eder Fabrication borrowed $60 million and issued a nine-month promissory note. Interest was discounted at issuance at a 12% discount rate. Prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note at December 31, the end of the reporting period. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Record the issuance of the note. Note Enter debits before credits Event General Journal Dabit Credit 1 Journal entry worksheet < 1 2 7 Record the appropriate adjusting entry for the note at December 31. Note: Enter debits before credits. Event General Journal Debit Credit 2 Record entry Clear entry View general journal
Interest already paid: 56,694,670.95 less 55,110,929.18 equals 1.583.741,77
What is Interest record?55,110,929 in cash debit
credit note payable 55,110,929
Promissory note with discounted interest to be recorded
debt 1.583.741,77 in interest
Credit Card Amount Due: 1.583.741,77 Note
—to record interest that has accumulated on a payable note —
Explanation:
The note will be for 60 million dollars, plus interest.
Therefore, to determine the note's issuance, we must determine the present value of a lump amount using a 12% discount rate:
[tex]\frac{maturity}{(1+time)^{time} }[/tex] = PV
60,000,000.00 Maturity
time 0.75
rate 0.12
[tex]\frac{60,000,000}{(1+0.12)^{0.75} }[/tex].00 Maturity
PV = 55,110,929.18
then, on December 31st, we solve for the interest that has accrued:
principal (1+r)[tex]^{time}[/tex]
55,110,929.18 principal
time 0.25 (3 months over 12 month a year) (3 months over 12 month a year)
rate 0.12000
55,110,929.18 (1 + 0.12 ) [tex]^{0.75}[/tex]
56,694,670.95 in total
Interest already paid: 56,694,670.95 less 55,110,929.18 equals 1.583.741,77
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a. a cost is something used up to produce revenues in a particular accounting period. b. variable costs are direct costs; only fixed costs are indirect costs. c. the cost of direct materials is fixed per unit but variable in total.
The operational costs a business bears in order to make money are referred to as expenses.Simply put, it is the amount of money necessary to acquire anything.
What goes into cost of revenue?The cost of revenue accounts for the cost of goods sold (COGS) or the cost of services rendered in addition to any other expenditures incurred to make a sale.The indirect costs, such as management pay, are not included in the cost of revenue, despite the fact that it accounts for many expenditures related to sales.The amount of money a company makes through selling products or services to clients is referred to as revenue.The cost is defined as all out-of-pocket expenses incurred by a person or organization in the process of producing goods or services.Profit is the result of deducting costs from revenues to arrive at the revenue minus costs.To learn more about cost of revenue refer
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The overall process of​ strategy, organization, concept​ generation, product and marketing plan creation and​ evaluation, and commercialization of a new​ product is the definition of?
The definition of the product development process is the total procedure of strategy, organization, concept generation, product and marketing plan formulation and evaluation, and commercialization of a new product.
What is the process of developing a product?Every step needed to bring a product from inception to market availability is included in the product development process. This involves identifying a market need, researching the competitive environment, imagining a solution, developing a product roadmap, developing a minimum viable product, etc.
Because they are ultimately responsible for the success or failure of the company's products, product managers serve as the strategic driving force behind the product development process.
However, this procedure is not purely a product management task. Numerous teams from within an organization must collaborate on and contribute to product development, including:
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the contract clause applies to federal laws regarding agreements between private parties. group startstrue or falsetrue, unselectedfalse, unselected
The contract clause applies to federal laws regarding agreements between private parties is true.
Despite the fact that not all agreements are contracts, all agreements are. A contract cannot be formed if an agreement does not impose legal obligations.A common understanding between parties is what constitutes an agreement. A legal foundation is either required or not required.A written or verbal agreement that is expressly made by both parties to fulfil a duty or responsibility is known as a contract.A deal must be legally binding between the parties in order to qualify as a contract. Similar to the situation in (CARLILL V CARBOLIC SMOKE BALL CO (1893). The decision that there was no contract between the parties was made on the grounds that the agreement was not legally enforceable.
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victoria gregory's financial situation is as follows: cash/cash equivalents$15,000 short-term debts$23,000 long-term debts$140,000 taxes$8,000 invested assets$45,000 use assets$192,000 what is her net worth?
Net worth is defined as the total value of all assets minus the total amount of liabilities and the net worth of Victoria is (B) $89,000.
What is net worth?The value of all assets less the sum of all obligations is what is known as net worth.
In other words, net worth is the sum of all assets minus all liabilities. Your net worth can be calculated with this tool.
Additionally, it predicts potential changes in net worth over the following ten years.
The sum of a person's financial assets and liabilities is their net worth.
Homes, cars, various types of bank accounts, money market accounts, stocks, and bonds are among the financial possessions that go toward determining net worth.
Liabilities are debts that deplete resources, including loans, mortgages, and accounts payable (AP).
So, Victoria's net worth:
Assets = Cash/Cash Equivalents + Invested Assets + Use Assets ($15,000 + $45,000 +$192,000).
Liabilities = Short Term Debts + Long Term Debts ($23,000 + $140,000 = $163,000).
Assets - Liabilities = Net Worth, so $252,000 - $163,000 = $89,000
Therefore, the net worth of Victoria is (B) $89,000.
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Complete question:
Victoria Gregory's Financial Situation is as follows:
Cash/Cash Equivalents: $15,000
Short-Term Debts: $23,000
Long-Term Debts: $140,000
Taxes: $8,000
Invested Assets: $45,000
Use Assets: $192,000
A) $81,000
B) $89,000
C) $112,000
D) $252,000
no employees volunteered to learn the new machines. what approach will increase employees' willingness to cross train
Provide Opportunities for Cross-Collaboration approach will increase employees' willingness to cross train.
How does cross-training work?By combining various forms of exercise, cross training adds variety to your fitness regimen. It is essential to incorporate a variety of exercises when working out. You are more likely to suffer an injury as a result of overuse or repetitive strain if your workouts lack variation.
What is cross training?The process of teaching an employee another set of skills to use in a job they didn't initially qualify for is known as cross-training. Cross-training is something that many business owners do to cover for sick or on-leave employees. However, cross-training is more than just a temporary compliance measure.
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why should project managers always initiate a project (phase one) before making a plan (phase two)? quizerra
As establishing the project's scope, cost, and timeliness is necessary to setting up a budget, a timetable, and assigning roles and duties, it is best practice for project managers to start a project (phase one) before formulating a plan (phase two).
What do you call it when needs are added to the project scope but the budget or schedule remain the same?Scope creep is one of the most common project management issues. When new project requirements are added by project clients or other stakeholders after project execution has started, this is known as scope creep. Often, these modifications are not adequately evaluated.
Why is it important to have a project scope and a scope management plan?What is and is not included in the project is defined by the project scope, which also governs what is permitted and what must be dropped throughout execution. In order to prevent modifications during the course of the project, control factors are developed through the scope management process.
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what is the most important value and opportunity that supply chains provide to firms who partner and collaborate inside them (i.e., inside supply chains)?
The ability to specialize is the most important value and opportunity that supply chains provide to firms who partner and collaborate inside them (i.e., inside supply chains).
The network of all the people, businesses, resources, tasks, activities, and technological advancements involved in the production and distribution of a good is known as a supply chain. A supply chain includes every step of the process, from the delivery of raw materials from the supplier to the manufacturer to the final delivery to the customer.A company, its suppliers, and those companies' customers make up the simplest supply chain. A producer of raw materials; a manufacturer; a distributor; a retailer; and a retail customer.What are the parts of your supply chain that you ought to be concentrating on right now?INTEGRATION. Integrating your communications, information sharing, data analysis, and storage is crucial from the beginning of your strategic planning process onward. ... OPERATIONS... BUYING... DISTRIBUTION...To know more about supply chain here
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madeline made a cash gift of $30,000 to the american cancer society, a qualified public charity. madeline itemizes her deductions and has an adjusted gross income of $48,000. what is the maximum income tax deduction allowable to madeline in the current year for her charitable contribution?
The maximum allowable deduction for Madeline's charitable contribution is $24,000.
What is contribution?Contribution is the act of giving or providing something of value to a cause, project, or another person. It can also refer to a donation of time, money, or materials. Contribution can be both voluntary and involuntary. An example of voluntary contribution is donating to a charity, while involuntary contribution could be taxes.
This is because the total amount of cash contributions allowed as a deduction in any tax year is limited to 60% of the taxpayer's adjusted gross income. Therefore, Madeline can deduct up to 60% of her AGI ($48,000) which equals $28,800. However, the maximum cash contribution allowed is $30,000 so Madeline can only deduct up to $24,000 in this tax year.
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Which of the following is NOT one of the four factors to consider as manufacturers develop their strategy for working with retailers?Choosing retail partnersManaging an omnichannel strategyIdentifying types of wholesalersDeveloping a retail strategy
Answer:
The correct answer is option 3, Identifying types of wholesalers.
Explanation:
Wholesale is different from retail. Manufacturers seeking to work with retailers should not focus their attention on wholesalers.
an environmental agency needs to hire a number of new employees so that 85 of the new employees will be able to monitor water pollution, 73 of the new employees will be able to monitor air pollution, and exactly 27 of the new employees will be able to monitor both. (these 27 are included in the 85 and 73 mentioned above.) what is the minimum number of employees that need to be hired?
The minimum number of the employees that need to be hired are 46.
What is an employee?A person who is hired by an employer to perform a certain activity is called an employee. Employee compensation, scheduling, and working conditions are all at the discretion of the employer. Contractors do not enjoy benefits that employees do. An employee is a person who can be recruited by an employer to carry out a certain duty. Contrary to contractors, who have more freedom than workers, employers have ultimate control over what employees do and how it will be done. The employee is hired by the company after being selected as a candidate for employment following an application and interview process. The hiring decision is made by the business once it has decided that the candidate is the best match for the position.
Number of employees= 73-27= 46
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Shifts in supply or demand I The following oraph shows the market for hot dogs in Detroit, where there are over 1,000 hot dog stands at any given moment. Suppose a new scientific study shows that Detroit is the most polluted city in the world. Due to health concerns, a significant number of families move out of the city Show the effect of this change on the market for hot dogs by shifting one or both of the curves on the following graph, holding all else constant
The term "supply" refers to the overall quantity of a certain commodity that is made available to the market for consumption.
Demand and supply have a strong relationship that influences market equilibrium, which determines the number of items available on the market and their selling prices.
The supply is graphically represented, and the supply curve, which is represented as an upward-sloping line, maps the link between price and quantity.
Market demand, financial limitations, customer preferences, and governmental policy all affect supply.
Despite the fact that there are different types of supply, supply is frequently divided into short-term and long-term supply.
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during year 1, pard corp. sold goods to its 80%-owned subsidiary, seed corp. at december 31, year 1, one-half of these goods were included in seed's ending inventory. year 1 selling expenses were $1,100,000 and $400,000 for pard and seed, respectively. pard's selling expenses included $50,000 in freight-out costs for goods sold to seed. pard did not charge seed for these costs. what amount of selling expenses should be reported in pard's year 1 consolidated income statement?
The amount of selling expenses that should be reported in Pard's year 1 consolidated income statement is $350000.
What is income statement?The income statement, one of the three important financial statements, is used to show a company's financial performance over a specific accounting period. The balance sheet and the cash flow statement are the other two crucial statements. The income statement is primarily concerned with the company's receipts, expenses, profits, and losses for a certain time period. An income statement, which is often referred to as a profit and loss (P&L) statement or a summary of sales and expenses, provides crucial information about how a business operates and performs in relation to rivals in the same sector. A product's manufacturer, as well as any wholesalers, distributors, or retailers involved in the business of selling that product, make money from its sales. This is referred to as revenue from main activities.
Selling expenses= 400000-50000= $350000
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you buy a new car for $46,000. what do you think is the average dollar amount of depreciation after 1 year
It is difficult to estimate the average dollar amount of depreciation after 1 year on a new car, as it can vary depending on several factors such as the make and model of the car, the condition of the car, the mileage driven, and the local market conditions.
The first few years of ownership are typically when new cars depreciate the most noticeably. A new car can lose between 20 and 30 percent of its value in the first year alone, with an average loss of roughly 20 percent, according to Kelley Blue Book. The average dollar amount of depreciation in your situation would therefore be $46,000*20% = $9,200. It's crucial to keep in mind that this is only an estimate and that the actual depreciation may vary depending on the aforementioned factors. It's also vital to remember that expensive and luxury vehicles may lose value more slowly.
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question 3 as a project manager on a product team, your stakeholders ask you to help the marketing team come up with a strategy to attract customers. what project management responsibility does this represent? quizerry
As a project manager on a product team, your stakeholders want you to help the marketing team create a strategy for attracting customers.
Who are the stakeholders, exactly?
Stakeholders are any people or organisations that are impacted by a project, initiative, policy, or organisation, either favourably or unfavourably. They may be internal (employees employed by your business) or external (people outside of your organisation).
Your stakeholder definition should also include groups and people who promote certain interests, such as NGOs and environmental organisations, in addition to those who should be involved in decision-making.
Although they can be found in every project or organisation, regardless of size, stakeholders are frequently referenced in large enterprises, governmental organisations, and large-scale project management.
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which generation is often challenged with relying on others to complete a job, which makes it more difficult for them to share leadership?
Baby Boomers are more likely to want to do the work themselves than to rely on someone's leadership who may not have the same work ethic as they have. They tend to see the younger generations as less dedicated to excellence and less willing to work as hard as they do.
A person is said to be in a leadership position when they guide a certain group or community. The purpose of a leader's motivation is to help others reach their goals within a given time frame. In contrast, a leader is always present in an organisation, and strong authority assigns the leader the job of motivating their team to accomplish the desired outcome. Because leaders must motivate their teams, leadership should be a shared process.
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is an economic theory designed in which the means of generating wealth are owned by the government, and wealth is redistributed to citizens, primarily in the form of social programs like health care or education.
An alternative economic system is socialism. In socialist nations, the government, rather than private individuals, owns the means of producing wealth, such as factories, vast farms, and banks.
In layman's terms, what is socialism?In general, socialism refers to a political and economic system in which the state or government typically controls property and the means of production. The foundation of socialism is the notion that a more equitable society results from shared or public ownership of resources and production tools.
How do communism and socialism differ?The primary distinction between the two ideologies is that under communism, the majority of assets and economic resources are owned and managed by the state (as opposed to individual citizens), whereas under socialism, everyone has an equal share of the economic resources distributed by a democratically elected government.
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a buyer wishes to submit a small earnest money check up front ($100), and then deposit $500 after the 10-day option period expires. what should be inserted in paragraph 5 of the trec one to four family residential contract?
The answer is the buyer is in default.
What happens to the earnest money when the buyer fulfills the terms of the selling contract?Contingencies in earnest money contracts protect both the seller and the buyer. Earnest money is usually recoverable if a sale goes through. Contingencies define additional conditions under which the earnest money is recoverable even if the sale does not go through.
Earnest money is a deposit made by a buyer to a seller to demonstrate the buyer’s good faith in acquiring a residence. The money provides the buyer extra time before concluding the sale to arrange for finance and do the name search, property assessment, and inspections.
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otal contribution margin less total fixed expenses equals question content area bottom part 1 a. gross profit. b. contribution margin ratio. c. operating income. d. sales revenue.
Total contribution margin less total fixed expenses equals question content area bottom part 1 is operating income.
How Is Contribution Margin Calculated? Revenue less variable costs equals contribution margin. The formula for calculating the contribution margin ratio is (Revenue - Variable Costs) / Revenue.Revenue minus variable costs equals contribution margin.Your gross profit margin less any "variable" overhead costs, such as sales commissions, is your operating margin. When fixed expenses and contribution margins are equal, a firm becomes profitable. When contribution margin dollars surpass fixed costs dollars, your profit begins.A business's contribution margin ratio is calculated by dividing its total revenue by its variable costs.There won't be a profit or loss if the contribution margin is equal to the fixed cost. The profits are zero at the break-even point.
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whiihc type of costs are related to higher insurance premiums and increased disability payments due to obesity related health conditions
Answer:
Explanation:
This cost depends on various factors
some of the factors are
1. age
2.gender
3. weight
are a few to name. So, yes, health insurance companies can charge you more if you are obese or overweight and they think that your weight is a risk factor. Not all types of insurances get affected by weight, but health insurance and life insurance certainly do.
evaluate the relative significance of different effects of the market revolution from 1800 through 1860. in other words: what were the most significant effects of the market revolution between 1800 and 1860?
With in 1820s and the 1830s, a revolution was changing American manufacturing and foreign trade. Over time, machines and mass production replaced independent craftsmen.
What were the main results of the market shift that took place around 1800 and 1860?The market revolution led to entirely unknown levels of personal affluence and wealth creation, but it also resulted in the emergence of a poor caste of propertyless labourers and a series of devastating depressive episodes known as "panics." With meager salary, several Americans had difficulty making ends meet.
In the 1820s, an industrialization was changing American manufacturing and worldwide trade. Over time, machines and mass production displaced independent craftspeople.
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government corruption question 5 options: impedes the coordinating power of markets and discourages investment. impedes the coordinating power of markets but does not discourage investment. does not impede the coordinating power of markets, but does discourage investment. can neither impede the coordinating power of markets nor discourage investment.
government corruption impedes the coordinating power of markets and discourages investment.
An organized community is ruled by a structure or a collection of people, usually a state.When defining government broadly and associatively, the legislative, executive, and judicial branches are frequently included. Government serves as both a tool for formulating policy and a means of enforcing it within organizations. In many countries, a statement of the governing philosophy and guiding ideas serves as the equivalent of a constitution.Even though all organizations have governance, the term "government" is typically used more specifically to refer to the roughly 200 autonomous national governments and subsidiary organizations.The three primary types of political systems are modern democracies, monarchies, and authoritarian and totalitarian regimes.Throughout history, several forms of government, including monarchy, aristocracy, timocracy, oligarchy, democracy, and theocracy,
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if the economy were operating at point e, a. the opportunity cost of 20 additional units of eggs is 10 units of bacon. b. the opportunity cost of 20 additional units of eggs is 20 units of bacon. c. the opportunity cost of 20 additional units of eggs is 30 units of bacon. d. 20 additional units of eggs can be produced with no impact on bacon production.
In order to produce an additional 15 units of bacon at point C, 20 eggs must be sacrificed because the available resource and technology are constant. Hence, option d is correct- 20 units of eggs.
This is known as the opportunity cost (the next best alternative usage). One good must be sacrificed in a specific amount to produce another good.The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. More precisely, it implies that by choosing one activity, you forfeit the chance to engage in a different one.
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The correct question is:
If the economy is operating at point C, the opportunity cost of production of an additional 15 units of bacon is?
Point Eggs Bacon
A 0 40
B 30 35
C 50 20
D 60 0
E 30 20
Mercenary Culture Definition
Mercenary culture is a type of organizational structure where the priority is given to the work over the social life of employees. In such a type of organizational structure the employees and subordinates think alike but are not friendly with each other.
A sort of organisational structure known as a mercenary culture is one in which employees' professional lives are prioritised over their social lives.
What is mercenary organizational culture?Strict objectives are prioritised in the mercenary culture. Goals should be achieved, and the work should be finished fast. Everyone concentrates on objectives and objectivity. On the down side, people who perform poorly could experience cruel treatment.The right method to conduct oneself inside an organisation is determined by its culture. In order to shape employee perceptions, behaviours, and understanding, leaders must first develop common beliefs and values that are then conveyed and reinforced using a variety of channels.Through similar values, customs, and expectations, culture binds members of one society together. The two primary categories of culture are nonmaterial culture, which refers to intangible items generated by a community, and material culture, which refers to tangible items produced by a society.To learn more about mercenary refer to:
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the project sponsor is question 2 options: 1) responsible for ensuring that all management and technical processes are in place and carried out. 2) the client, customer, or organizational manager who acts as the project champion and provides organizational resources and direction. 3) the user or client who has specific knowledge, expertise, or insight in a specific functional area needed to support the project. 4) provides the technical solution to the organizational problem and may include systems analysts, network specialists, or programmers.
Option 2 is correct here that is the client, customer, or organizational manager who acts as the project champion and provides organizational resources and direction.
A project sponsor is a person or an entity that provides funding, resources, and support to execute and complete a project.
What does a project sponsor do?A mission sponsor is a senior management function that gives resources, support, and leadership to the mission crew and typically “owns” the project. This man or woman additionally serves as a link between the task supervisor and different decision-making groups.
The sponsor presents training on the opportunity's objectives, constraints, and trade-offs. Documented sponsor roles and obligations support better FEL 1 decision quality, making it lots more in all likelihood that the proper undertaking will subsequently be selected.
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https://brainly.com/question/10787924#SPJ4on january 2, complete computer service prepays one year of insurance of $2,400. the journal entry to record this transaction would be:
The journal entry to reflect this transaction would be to CREDIT Cash by 2,400 and DEBIT Prepaid Insurance by 2,400.
A journal entry is what?Journaling is the practice of keeping or producing records of all transactions, whether or not they are pecuniary. An accounting journal shows a company's debit and credit balances as well as a list of transactions. Multiple entries, each of which either a credit or a debit, may be included in the journal entry.
How much of the pre-paid insurance do you deduct and credit?When a payment that denotes the prepayment of an expense is made, a prepaid account, such as Prepaid Insurance, is debited and the cash account is credited. The prepayment is subsequently recorded as an asset on the company's balance sheet.
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What was one reason that jefferson wanted to purchase land within the louisiana territory?
During this period, French Emperor Napoleon suddenly gave the United States the entire Louisiana Territory for $15 million.
Jefferson felt Napoleon's offer of $15 million for this enormous piece of land was a steal, and he didn't want too much time to pass in case Napoleon changed his mind. He desired that the United States be permitted to freely use the Mississippi River and the Port of New Orleans to transport products to market. Jefferson wished to prevent numerous European countries from acquiring additional land in North America. Louisiana was rich in natural resources such as gold and silver, which would contribute to the country's riches.
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the longer the period of time allowed for the producer of a good to adjust to a change in the price of the good, the the price elasticity of supply will be. this statement assumes that the quantity supplied be altered with time. group of answer choices more elastic; can more elastic; cannot more inelastic; can more inelastic; cannot
a)The statement assumes that the price elasticity of supply will be more elastic with a longer period of time allowed for the producer to adjust to a change in the price of the good.
This is because, with a longer period of time, the producer has more options to adjust to the change in price. For example, they can invest in new technology to increase productivity, find new suppliers, or change production methods.
Additionally, they have more time to explore new markets and adjust their production levels accordingly. As a result, the quantity supplied can be more easily altered, making the price elasticity of supply more elastic.
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