you do first in order to track variances: set a baseline and status date.
What does setting a baseline mean?
By definition, a baseline in project management is a plainly outlined starting point for your project plan.
In other words, a baseline is an initial plan you define together with stakeholders, bringing to light the project expectations and deliverables.
A baseline in project management is a clearly defined starting point for your project plan.
In other words, a baseline is an initial plan you create with stakeholders to define project expectations and deliverables.
When it is approved, it becomes a point of reference against which the project's progress can be measured over time. Here's an example of a basic project plan in Forecast.
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The adjusting entry required to record accrued expenses includes? a credit to cash. a debit to an asset. a credit to an asset. a credit to liability.
The accountant must debit and increase an expense and credit and increase a liability in order to record accrued expenses. A charge that has been incurred but not yet been recorded or paid is known as an accrued expense.
In other words, a company's obligation to pay for goods and services that have been provided but for which invoices have not yet been received is represented by accrued liabilities, which are liabilities that reflect expenses that have not yet been paid or logged under accounts payable during an accounting period.
The most frequent accrued expenses that businesses owe are salaries, rent, and interest. On the other hand, accounts payable represent money owed to creditors, such as suppliers for products and services that were financed. Occurrence: Accrued expenses, like rent and loan interest payments, frequently occur.
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On june 1, pizza company paid $100 for advertisements to be run on june 1. pizza company's entry to record this payment will include a $100 ______. (check all that apply.)
on june 1. pizza company's entry to record this payment will include a $100 payment to advertisement company as
DR Marketing expense $100
CR Cash $100
What is Advertisement?Advertisement is the announcement of the products or services of a company. This expense is recorded as marketing expense in the company accounts. There are many types of marketing expenses and so the company bears this expense to increase the revenue.
The double entry for the advertisement expense is Marketing expense to be debited and cash is to be credited on the other side of the double entry. This creates a positive balance in the Marketing expense account and creates a negative balance in the cash account. The transaction is for $100 and so the cash is reduced by $100.
DR Marketing expense $100
CR Cash $100
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Suppose that owners refill their pet's prescription every month. if the government eliminates all taxes on pet medications, who will benefit more?
Suppose that owners refill their pet's prescription every month. if the government eliminates all taxes on pet medications, pet owners would receive most of the tax savings
Savings are the cash that are left over after subtracting a person's consumption costs from their available income during a given time frame. The sum of an individual's or family's savings is what remains after all obligations and debts have been paid. Since there is no risk of losing the money, but they also have very low returns, cash or its counterparts (such as bank deposits) are used to keep savings. Through investing, savings can grow, but doing so requires placing money at risk. Savings are the funds that are still available after expenses have been paid. Savings can be made for a number of life goals, including retirement or a child's education expenses.
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The portion of the obama stimulus package that increased spending is best thought of as?
The portion of the obama stimulus package that increased spending is best thought of as Nondiscretionary fiscal policy
Nondiscretionary fiscal policy refers to measures incorporated into the system to enable the automatic application of an expansionary or contractionary stimulus. The built-in policies are welfare, a progressive income tax, and unemployment insurance.
Unemployment compensation is a common instance of nondiscretionary fiscal policy. In times of economic slowdown when there are more unemployed people, the payments inevitably rise. When the unemployed return to work as a result of an economic recovery, the payments inevitably decline. Referring to a purchase that you make that is deemed vital, like food or rent: Non-discretionary products like food and petrol have seen a dramatic increase in price.
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The sale or transfer of goods ordinarily held for sale in course of business is goverend by the?
The sale or transfer of goods ordinarily held for sale in course of business is governed by the Uniform Commercial Code.
Whilst a shop lowers its charges via a sale, though, customers are more willing to buy due to the fact they recognize they're now not set as a whole lot of money on the line. extra often than not, customers who like the stuff they buy on sale will turn out to be coming lower back to shop for it once more, despite the fact that it's not priced at a reduction.
The important thing for a retailer is the gross income margin: the percentage of revenue left over from the sale of a product after subtracting the fee of that product – which includes the production, transport, packaging, and different work that goes into it.
A clearance is a unique sort of sale that could appeal to extra customers than traditional sales. this is due to the shop seeking to take away positive items for one cause or any other. the store is probably going out of business, the objects are going out of season, or there is not sufficient room in the shop for new gadgets.
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If fixed costs are $245,000, the unit selling price is $117, and the unit variable costs are $73, the break-even sales (units) is:________
If fixed costs are $245,000, the unit selling price is $117, and the unit variable costs are $73, the break-even sales (units) is: 5.697.67 units.
What is a fixed cost?Fixed costs, sometimes referred to as indirect costs or overhead costs in accounting and economics, are costs incurred by a corporation that are independent of the volume of goods or services the company produces. They frequently occur again and again, like monthly rent or interest payments. These expenses are often capital expenses as well.Costs that are fixed are those that don't change based on volume. Most fixed costs are expenses that depend more on time than on how much your company produces or sells. Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs.Rent and mortgage payments are two examples of fixed expenses. Auto loans. Additional loan paymentsTotal production costs — (Variable cost per unit multiplied by the number of units produced) = Fixed costs.Explanation:
Contribution margin per unit = Unit Selling Price - Unit Variable Cost
= $116 - $78
= $43 per unit
Break even point = Fixed Costs / Contribution margin per unit
= $245,000 / $38
= 5.697.67 units
Hence, the statement is not correct because break even unit sales is not equal to 5.697.67 units.
If fixed costs are $245,000, the unit selling price is $117, and the unit variable costs are $73, the break-even sales (units) is: 5.697.67 units.
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When eaton worked with the university of notre dame on its new engineering building to improve its energy efficiency and earn leed credits, both actors were working together for the first time. Therefore, the university’s buying situation can be classified as a ________.
When Eaton worked with the university of Notre dame on its new engineering building to improve its energy efficiency and earn leed credits, both actors were working together for the first time. Therefore, the university’s buying situation can be classified as a derived demand.
Notre Dame could be a good place to figure for. They need great benefits. lots of job opportunities for anyone with no experience. Appreciate the love and support they offer back to the staff. 81% of job seekers rate their interview experience at University of Notre Dame as positive.
Candidates give a median difficulty score of two.5 out of 5 (where 5 is that the highest level of difficulty) for his or her interview at University of Notre Dame. The University of Notre Dame is the nation's leading Catholic research university, providing a particular voice in instruction that's directly rigorously intellectual, unapologetically moral in orientation, and firmly embracing a service ethos.
The University of Notre Dame, having high acceptance rates and graduation rates, high rankings and lots of prestigious alumni remains NOT a league school. The league schools are a consortium of eight private universities based within the northeast region of the US. The academics at Notre Dame are very tough, especially within the engineering and science fields.
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How would you classify a leader who has certainn rights ad ;rivledges that allow him or her to reward or discipline?
A casual leader: does no longer get hold of a title however is perceived by others as a frontrunner. - Formal leaders should act in the great pastimes of the agency and have certain rights and privileges that permit them to praise or subject employees.
A leader is a person who evokes ardour and motivation in fans. a leader is someone with a imaginative and prescient and the path to knowing it. a pacesetter is someone who guarantees their crew has support and gear to obtain their goals.
Leaders make sure that each one followers recognize, embody, and paintings in the direction of achieving the ones targets. and they offer momentum, sharing and celebrating development closer to accomplishing organisation dreams, setting new targets, and providing wished assets
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True or false: this indicates that there is excess capacity in the market for bats.
The given statement is true. A trait of natural monopolies or monopolistic competition is excess capacity.
Why do monopolies have excess capacity?According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the only supplier of a specific good or service. When one firm and its product control an entire sector of the economy, there is little to no competition and customers are forced to buy the particular products or service from the one company.
A trait of natural monopolies or monopolistic competition is excess capacity. It might occur because businesses have to make lumpy or indivisible investments to boost capacity as demand rises. A market is a setting where two or more parties exchange products, services, and information. A market is ideally a place where two or more people can do business. Seller and buyer are the two parties involved in a transaction.
The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.
Hence, The given statement is true.
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Carrie, age 17, is selling the house that she inherited from her grandparents. george has agreed to buy the property, and both have signed a purchase agreement. what is the status of this contract?
17-year-old Carrie is putting her grandparents' house up for sale. George has agreed to purchase the home, and they have both signed a purchase contract. This contract is voidable by Carrie, but not by George, because Carrie can back out of it because she is not of legal age.
A formal agreement between two parties that is voidable can no longer be enforced for a variety of legal reasons.
A voidable contract is initially viewed as legitimate and binding but may be revoked by one party if it is shown to contain flaws. The agreement is nonetheless enforceable and legal if a party with the authority to reject it choose not to do so notwithstanding the flaw.
Agreeing to a voidable contract in a which one party fails to identify the misrepresentation or fraud perpetrated by the other party typically only has a negative impact on that party.
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Why might you be willing to make a loan to your neighbor by putting funds in a savings account earning a 5% interest rate at the bank and having the bank lend her the funds at a 10% interest rate rather than lend her the funds yourself?.
Why might you be willing to make a loan to your neighbor by putting funds in a savings account earning a 5% interest rate at the bank and having the bank lend her the funds at a 10% interest rate rather than lend her the funds yourself?
a. Your neighbor suffers from information asymmetry.
b. There will always be a moral hazard problem in lending to a friend or neighbor.
c. There is no way to diversify your savings except with the help of a bank.
d. The costs of writing up the loan contract might exceed the 5% difference between your deposit rate and the bank lending rate.
C. There is no way to diversify your savings except with the help of a bank
The money is deemed to be safest once it has been deposited with a bank. This is so that the commercial bank can restore the money to the depositors at their request. The neighbor, on the other hand, carries a larger risk because there would be no means to recover the money if the neighbor defaulted on the loan. For this reason, the person would be quite eager to deposit the money at the bank so that their neighbor might borrow money from the institution.
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If inventory is being valued at cost and the purchase price is steadily falling, which method of costing will yield the largest net income?
If inventory is being valued at cost and the purchase price is steadily falling, first-in, first-out method of costing will yield the largest net income.
Profits is the consumption and saving possibility received by using an entity inside a unique timeframe, that's usually expressed in monetary phrases. profits is difficult to define conceptually and the definition can be different throughout fields.
The term “income” commonly refers to the quantity of money, assets, and other transfers of fee obtained over a hard and fast time frame in alternate for services or products. there's no unmarried, standard definition: earnings is defined in line with the context in which the concept is used.
Income is money that an individual or business gets in alternate for presenting exertions, producing an amazing or provider or making an investment capital.
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As a result of the shift, what will happen to price and quantity will:_______
a. increase
b. decrease
c. remain the same
Answer:
The answer is A, Increase
Alex invested $30,000 in cash in his business. how will this entry be posted in the ledger accounts?
Alex invested $30,000 in cash in his business, which will be posted to
the debit side of the Cash account.
Explanation:
The journal entry is shown below:
Cash A/c Dr $30,000
To Common stock A/c $30,000
(Being the cash is invested)
We simply debited the cash account and credited the capital account for $30,000 so that the correct posting can be done.
So while preparing the ledger accounts we post the amount to the debit side of the cash account and credit side of the common stock account.
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Explain why someone who is not interested in selling their bond before its
maturity date does not have to worry about the current bond market and its
impact on the price of their bond. (Use at least one sentence)
If you sell a bond before it matures, you may not receive the full principal amount of the bond and will not receive any remaining interest payments. This is because a bond's price is not based on the par value of the bond. Instead, the bond's price is established in the secondary market and fluctuates.
A bond is a debt instrument similar to a promissory note. Borrowers issue bonds to raise money from investors who lend them money for a period of time. When you buy a bond, you are lending it to the issuer, which can be a government, community, or corporation. A bond between people is a strong sense of friendship, love, or shared beliefs and experiences that bring people together. This experience has created a very special bond between us. Synonyms: bond, union, coupling, link Other synonyms for bonding. Bonds are divided into four types: corporate bonds, municipal bonds, government bonds, and agency bonds. Bond prices are inversely proportional to coupon rates. When interest rates rise, bond prices fall, and when interest rates fall, bond prices rise.
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A marketing mix that is ________ to provide a good, service, or idea to prospective buyers is known as a marketing program. multiple choice question. deconstructed compressed segmented integrated
A marketing mix that is integrated to provide a good, service, or idea to prospective buyers is known as a marketing program.
The four Ps stand for the important elements that need to be carefully considered and put into action in order to adequately advertise a product or service. The items on this list are product, price, location, and promotion.
The four Ps also go by the moniker of the marketing mix. They cover a wide range of factors that are taken into consideration when marketing a product, such as what consumers want, how the good or service satisfies or does not satisfy those wants, how the good or service is perceived in society, how it differentiates itself from the competition, and how the company that makes it engages with its customers.
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How do top managers best demonstrate a commitment to ethical business practices?
By adopting and enforcing written codes of ethics. This is how top managers best demonstrate a commitment to ethical business practices.
A enterprise is defined as a business enterprise or enterprising entity engaged in business, commercial, or expert activities. corporations may be for-profit entities or non-income businesses. commercial enterprise sorts variety from limited liability corporations to sole proprietorships, agencies, and partnerships.
Business improves the first rate of existence in two methods. first of all, it gives items and provider to the human beings required for their leisure, consolation, and fitness. Secondly, a enterprise offers employment opportunities to the humans by means of which they are able to generate income and enhance the excellent of lifestyles.
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When considering decision alternatives, only relevant costs are included when using the?
When considering decision alternatives, only relevant costs are included using the differential cost approach.
The cost of two potential decisions or a change in production level is referred to as a differential cost.
What is differential cost?
Differential costs are changes in costs that may result from several factors, including an increase or decrease in output, changes in sales volume, alternative manufacturing methods, decisions to make or not make purchases, changes in product mix, etc. Therefore, a different line of action leads to differential cost.The cost difference that results from, for instance, replacing labor with machines with two different courses of action will be the differential cost.If a change in cost results from a shift in the level of activity, the differential cost is known as an incremental cost when output increases and a decremental cost when output decreases.Differential costs are sometimes considered to be incremental or marginal expenses. However, this is untrue. The absorption or entire costing method is used to determine expenses in differential cost analysis, whereas the marginal costing method only considers variable costs and leaves out fixed costs.To learn more about differential cost visit:https://brainly.com/question/28062205
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Randy has established a successful fast-food restaurant chain named randy’s in the united states. He currently has 12 locations across three states. He’d like to expand his brand to asia, but does not have the capital to do so. He’s also wary of the risk of failure, especially because he is not very familiar with business in asia. If you were consulting randy, what route would you advise against?.
Randy should provide a franchise to an investor in Asia which will lower his risk and expand the business.
What is Franchise?Franchise is the business expanding method in which the owner of the brand does not inject any further capital instead sells its brand name and instructions for cooking and hygiene to an investor.
The investor in return provides a franchise fee to the owner of the brand and pays a monthly income as per the terms of the contract. This is the method of expanding the business which have the lowest risk.
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If you work in a ____________ culture, you need to make sure that the values of the employees are aligned with those of the company and that there are clear agreements and processes in place. Always make objective decisions and explain, where necessary, on what they are based.
What is the total order price for each order listed in northwind's database?
a. include the customer id and shipping
b. name for each order and sort
c. the output by customer id
Name each order and sort the total order price for each order listed in north wind's database.
SELECT orders. order ID, sum(Unit Price*Quantity) 'Total Order'
from Orders, [Order Details]
where
orders. order ID=[Order Details].ordering
group by orders. order ID; joins the orders from the two tables [Order Details] based on the order ID and returns the results.
A database is an organized collection of data. They support electronic storage and manipulation of data. Databases facilitate data management. Let's look at a database example. Online phone books use databases to store information about people, phone numbers, and other contact information.
Databases are used to store, maintain, and access data.
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Suppose+you+will+receive+$714+each+month+for+the+next+6+years.+how+much+is+this+cash+flow+stream+worth+to+you+today+if+your+discount+rate+is+12.0%?+round+to+the+nearest+dollar.
For the following six years, you will receive $714 each month. If your discount rate is 12.0%, the cash flow stream's value to you today will be $36,522.
Monthly amount $ 714.00
Frequency 12
Year 6
Rate of interest 12%
Present worth $ 36,521.38
Monthly amount 714
Frequency 12
Year 6
Rate of interest 0.12
Present worth = PV(B4/B2,B3*B2,B1)
= $36,522
A company, institution, or person's cash flow is the change in their available cash. The phrase is used in finance to refer to the quantity of money (currency) that is produced or utilized in a specific amount of time. For conducting financial research and managing a firm, there are numerous different types of CF.
It's critical to comprehend each form of cash flow because there are many different ones. Make sure to specify which form of cash flow is meant when someone uses the word "CF." CF might refer to any of the types listed below.
So, For the following six years, you will receive $714 each month. If your discount rate is 12.0%, the cash flow stream's value to you today will be $36,522.
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Assume no bonds were retired during 2012. what was the positive cash flow associated with the long-term debt for cleft company in 2012?
Assume no bonds were retired during 2012. $3,000 was the positive cash flow associated with the long-term debt for the cleft company in 2012.
A company, abbreviated as co., is a felony entity representing an association of human beings, whether or not herbal, prison or a combination of each, with a selected goal. organization contributors percentage a commonplace cause and unite to attain specific, declared desires.
A business enterprise is a criminal entity shaped via a collection of people to have interaction in and function a enterprise—industrial or industrial—organisation. An employer can be prepared in various methods for tax and financial legal responsibility purposes relying at the company law of its jurisdiction.
It's a complicated business shape, with higher set-up and administrative prices due to extra reporting necessities and better-level felony responsibilities.
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In june 2019, dropbox announced that they were increasing storage limits on some premium accounts to 3 terabytes, at no additional costs. this likely has the effect of (choose two):______.
Dropbox stated in June 2019 that some premium customers would receive a free increase in storage capacity to 3 terabytes. This most likely has the result of : 1. lessening the risk of new access. 2. increasing the cost of switching for present consumers.
Dropbox stated in June 2019 that some premium customers would receive a free increase in storage capacity to 3 terabytes. This most likely has the result of : 1. lessening the risk of new access. 2. increasing the cost of switching for present consumers.
Dropbox creates a unique folder on the user's computer to house all of the user's data in one location. The content of these folders is synced with Dropbox's servers and other computers and devices on which the user has installed Dropbox, keeping the same files current on all of the devices.
Using a freemium business model, Dropbox provides customers with a free account with a predetermined amount of storage, with premium subscriptions offering more space and more features. Users of Dropbox Basic receive two gigabytes of free storage. In addition to mobile apps for iOS, Android, and Windows Phone devices, Dropbox provides desktop applications for computers running Microsoft Windows, Apple macOS, and Linux.
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Price controls generally serve a positive economic function, as they compensate for the market’s inability to regulate wages in certain sectors of the economy. True or false?.
False, Price controls do not serve a positive economic function.
Price controls, like laws requiring a minimum wage, are rarely the win-win scenarios that lawmakers frequently claim they are.
Price Controls: Government regulations on wages, prices, or their rates of change are known as price controls. Such restrictions can be imposed by the government on a variety of products and services or, more frequently, on a market for a particular good.
Example of Price Control:
Prices on drugs (to make medication and health care more affordable), rent control (where governments impose a maximum amount of rent that a property owner can charge and the limit on how much rent can be increased each year), and minimum wages are some of the most popular examples of price controls (the lowest possible wage a company can pay its employees).
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Imprimo, inc. , produces two types of ink-jet printers: business and home. Imprimo uses a plantwide rate based on direct labor hours to assign its overhead costs. The company has the following estimated and actual data for the coming year
Manufacturing overhead is applied to work-in-process inventories at a predetermined overhead rate. Before the period starts, the predetermined overhead rate is calculated.
1. How is the predetermined overhead rate calculated?
= Expected Activity / Estimated Overhead
= $1,862,000 / 49,000
= $38 per hour of direct work
The overhead being used is:
For a business printer, multiply 12,000 by $38 to get $456,000
37,000 times $38 equals 1,406,000 for a home printer.
2. The per-unit overhead expense:
For a business printer, the cost per unit is $19 ($456,000 / 24,000).
$1,406,000 / 185,000 for a home printer equals $7.60 per unit.
3. 24,000 hours of direct labour were used by the home printer.
Earlier, a home printer used 12,000 hours of labour.
So Should be a difference in labour hours equals 24,000 minus 12,000 hours.
= 12,000 hours
Additionally, the overhead rate per direct labour hour is $38.
The profitability of this product line declines as overhead costs increase.
= 12,000 hours * $38
= $456,000
Complete question: Transcribed image text: Imprimo, Inc., produces two types of ink-jet printers: business and home. Imprimo uses a plantwide rate based on direct labor hours to assign its overhead costs. The company has the following estimated and actual data for the coming year: Estimated overhead 1,862,000 Expected activity 49,000 Actual activity (direct labor hours): Business printer 12,000 Home printer 37,000 Units produced: Business printer 24,000 Home printer 185,000 1. Calculate the predetermined plantwide overhead rate, using direct labor hours. per hour Calculate the applied overhead for each product, using direct labor hours. Applied overhead Business Home 2.
Calculate the overhead cost per unit for each product. If required, round your answers to the nearest cent. Overhead Cost Business per unit Home per unit 3. What if the home printer business used 24,000 hours (to produce 24,000 units) instead of 12,000 hours (total expected hours remain the same)? Calculate the effect on the profitability of this product line if all 24,000 units are sold. Profits would by $\$$
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What is the entry to record an owner investment of into the business including a $500 piece of equipment?
The entry to reflect an owner investment of into the company of $500 in equipment.
Equipment - 500
Common shares - 500
As evidence of the money investors and business owners have invested in a corporation, common shares are issued to them. Common shareholders have the least claim to the assets of a firm of any stakeholder. One component of a company's shareholder equity, which also includes any issued preferred shares and any retained earnings, are its common shares. Dividends (amounts paid to shareholders out of the company's post-tax earnings in exchange for utilising their capital) are normally given to owners of common and preferred shares. Dividends are distributed to common shareholders after preferred stockholders. Common shareholders are not paid until all creditors have been paid and the preferred shareholders have been compensated in the event that a company needs to sell off its assets.
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A _____________ _____________ is a listing of the general ledger accounts along with the dollar balances contained therein.
A Trial balance is a listing of the general ledger accounts along with the dollar balances contained therein.
What is trial balance in accounting?
A trial balance is a financial report showing the closing balances of all accounts in the general ledger at a point in time. Creating an attempt balance is the first step in closing the books at the end of an accounting period.
Why is balance important?
Trial balances are won't to prepare balance sheets and other financial statements and are an important document for auditors. an attempt balance is done to check that the debit and credit column totals of the general ledger accounts match each other, which helps spot any accounting errors.
Why balance is used?
The main purpose of a trial balance is to ensure that the list of credit and debit entries in a general ledger are mathematically correct.
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An example of inventory holding cost is the cost of moving goods to temporary storage after receipt from a supplier. group of answer choices
a. true
b. false
The price of transferring items to temporary storage after receiving them from a supplier is an illustration of an inventory holding cost. The assertion is false.
What Is Inventory Carrying Cost?
The term "stock carrying value," regularly referred to as "carrying fees," refers to all industrial expenses associated with holding and storing unsold gadgets.The complete cost of maintaining unsold merchandise in inventory includes all garage-associated expenses.the whole covers warehousing expenses in addition to intangibles like depreciation and misplaced opportunity value.typically, a business enterprise's sporting costs for inventory range from 20% to 30% of its total inventory prices.sporting fees for inventory are frequently known as "retaining costs." there's a carrying fee technique for calculating the full, however accountants also are in price of tracking all associated costs: To estimate the wearing costs of the stock, divide the entire stock value by means of four.To know more about Inventory carrying cost visit:
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Lucinda runs the advertising department for a local newspaper. An internal error resulted in all ads for the sunday edition running in black and white, not the full-color advertising paid for by clients. The newspapers have already been delivered. What should lucinda keep in mind as she writes to the affected advertisers?.
Lucinda should keep in mind that the clients will react in different ways to the mail, and she should be able to take the blame as she writes to the affected advertisers.
What is advertisement?Advertisement involves creating an awareness regarding a product.
It means making people know about a product to promote effective sales. A client could be a company or individual who wants his or her company advertised.
When an error occur internally the advertisement department should be ready to hold the result and present possible alternative or solution as the case may be.
Therefore, Lucinda should keep in mind that the clients will react in different ways to the mail, and she should be able to take the blame as she writes to the affected advertisers.
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