Five tasks that should occur during the scope definition phase include identifying project stakeholders, defining project deliverables, establishing project boundaries, determining project constraints, and documenting project assumptions.
During the scope definition phase, five key tasks should occur:
1. Identifying project stakeholders: This involves identifying individuals or groups who have an interest or influence in the project's outcome and understanding their expectations and requirements.
2. Defining project deliverables: Clearly defining the tangible outputs or outcomes that the project will deliver to meet the identified problem or opportunity.
3. Establishing project boundaries: Determining the scope boundaries by defining what is included and excluded from the project, ensuring a clear understanding of project boundaries and avoiding scope creep.
4. Determining project constraints: Identifying and documenting any limitations, such as budget, time, resources, or regulatory requirements, that may impact the project's execution.
5. Documenting project assumptions: Identifying and documenting any assumptions made during the scope definition phase that may affect project planning and decision-making.
By addressing these tasks during the scope definition phase, project managers can establish a clear understanding of the project's purpose, scope, constraints, and stakeholders, setting a strong foundation for successful project execution.
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any two importance of office resources
Two importance of office resources are greater output and promote productivity .
What are office resources ?All of the resources and amenities found in an office, including people, tools and supplies, furniture and equipment, cash, modes of transportation, and communication, are referred to as office resources. These resources are used to help the organization achieve its goals.
Two improtance of office resources are:Greater output is made possible because every business strives to produce as much as possible while using the fewest resources possible. Better resource utilization management can be used to accomplish such a feat.It helps to promote productivity: Office supplies aid in boosting office employees' productivity. Equipment such as furniture, machinery, and other items make work more comfortable and convenient, which improves worker productivity.Learn more about office resources here https://brainly.com/question/20436648
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at which stage of new product planning does the management select the marketing campaign, identify regions to cover, and decide on a product launch?
a. market testing
b. business analysis
c. product development
d. commercialization
e. marketing strategy development
Answer:
Its D commercialization
Explanation:
what is double entry in financial accounting
Answer:
method of recording transactions where for every business transaction, an entry is recorded in at least two accounts as a debit or credit. In a double-entry system, the amounts recorded as debits must be equal to the amounts recorded as credits.
What most likely indicates a trafficking in persons situation?
Trafficking in humans serves as a source of funding for terrorist, organized crime, and extremist organizations.
What is trafficking?Trafficking is the trade of humans for exploitation purposes, such as forced labor, sexual exploitation, and forced marriage. This illegal practice is a violation of human rights and often involves deception, kidnapping, or coercion of individuals, mostly women and children. The victims are usually from poor or marginalized communities and are taken to different countries, where they are exploited and forced to work in inhumane conditions. Trafficking can take many forms, including forced labor in factories, agriculture, and construction, or sexual exploitation in brothels, massage parlors, and other venues. It is a global issue affecting millions of people every year and requires collective efforts from governments, NGOs, and communities to prevent it and protect its victims.
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Study the entries in lupe’s records in the closereader. for which entry was the amount recorded in the wrong column? the purchase at gio’s pizza the 11/15 paycheck the 11/30 paycheck the purchase at lola’s books
After reviewing Lupe's records in the CloseReader, it appears that the amount recorded in the wrong column was for the purchase at Lola's books.
The entry for the purchase at Lola's books shows the amount of $38.50 recorded under the "income" column instead of the "expenses" column. This mistake likely occurred because Lupe may have accidentally switched the two columns when recording the transaction. It's important to double-check entries when recording financial transactions to ensure accuracy and avoid errors.
In this case, correcting the mistake will require adjusting the entry to move the $38.50 from the income column to the expenses column. This will help ensure that Lupe's records accurately reflect her financial situation and make it easier to track her spending and income.
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calculate all applicable documentary stamp taxes and intangible taxes associated with financing the transaction for a property located in pinellas county. purchase price: $67,550 earnest money: $4,000 recorded first mortgage (assumed): $27,800 second mortgage (new): $14,700 cash at closing: $21,050
To calculate applicable taxes for a property transaction in Pinellas County, follow these steps: calculate documentary stamp taxes using a rate of $0.70 per $100 of the purchase price, calculate intangible taxes at a rate of $0.20 per $100 of the financed amount, and add up the totals to get the overall tax amount. Seek professional guidance and consult official guidelines for accuracy.
Calculating the applicable documentary stamp taxes and intangible taxes associated with financing a property transaction in Pinellas County. Here's a step-by-step breakdown:
1. Documentary Stamp Taxes:
- The documentary stamp tax rate in Pinellas County is $0.70 per $100 of the purchase price.
- To calculate the documentary stamp tax for the purchase price of $67,550, you can use the formula:
Documentary Stamp Tax = (Purchase Price / 100) * Tax Rate
= (67,550 / 100) * 0.70
2. Intangible Taxes:
- The intangible tax rate in Florida is $0.20 per $100 of the financed amount.
- To calculate the intangible tax for the recorded first mortgage of $27,800, you can use the formula:
Intangible Tax = (Recorded First Mortgage / 100) * Tax Rate
= (27,800 / 100) * 0.20
- To calculate the intangible tax for the second mortgage of $14,700, you can use the same formula:
Intangible Tax = (Second Mortgage / 100) * Tax Rate
= (14,700 / 100) * 0.20
3. Total Taxes:
- Add up the documentary stamp taxes and intangible taxes calculated above to get the total taxes:
Total Taxes = Documentary Stamp Tax + Intangible Tax (First Mortgage) + Intangible Tax (Second Mortgage)
For example, let's calculate the total taxes using the given values:
- Documentary Stamp Tax = (67,550 / 100) * 0.70
- Intangible Tax (First Mortgage) = (27,800 / 100) * 0.20
- Intangible Tax (Second Mortgage) = (14,700 / 100) * 0.20
After obtaining these values, you can add them together to get the total taxes.
Remember, the rates and calculations provided here are specific to Pinellas County and may vary in other locations. It's always a good idea to consult with a tax professional or check the official guidelines to ensure accuracy.
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assuming that the client has an it accounting system, describe how the auditors might use data analytic software to design a test to identify the duplicate payments and the unauthorized payments.
Auditors can utilize data analytic software to design a test that identifies duplicate payments and unauthorized payments in the client's IT accounting system.
To identify duplicate payments, auditors can employ data analytic software to analyze payment records within the IT accounting system. The software can search for duplicate payment amounts, payment dates, vendor names, or invoice numbers, flagging any instances where multiple payments match these criteria. The auditors can then review these flagged payments to determine if they are genuine duplicates or if there are errors in the system that led to multiple payments.
Similarly, to detect unauthorized payments, auditors can utilize data analytic software to examine payment records for transactions that fall outside of established approval protocols or vendor lists. The software can compare payment details against authorized vendors, predetermined thresholds, or other pre-defined criteria to identify any anomalies. Any payments that deviate from the expected parameters can be further investigated by the auditors to assess the validity and authorization of the transactions.
By leveraging data analytic software, auditors can efficiently analyze large volumes of payment data, quickly identify potential issues, and focus their efforts on investigating and addressing any duplicate payments or unauthorized transactions in the client's IT accounting system.
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Let (inverse) demand be Pb = 87 - 6 Qb and (inverse) supply be Pv = 27 + 4 Qv. Consider the shift in demand illustrated (the intercept of Pb moves by 9 ). The graph illustrates the demand for water in Los Angeles starting in the year 2020 and projected to 2050, what is the most likely cause of the shift depicted during this time period ? (1) A decrease in L.A.'s population; (2) An increase in L.A.'s population; (3) No change in L.A.'s population; (4) New water supply infrastructure projects; (5) An increase in the use of drought tolerant plants.
A shift in demand occurs when there is a change in the demand for a product or service. The graph illustrates the demand for water in Los Angeles from 2020 to 2050. Let (inverse) demand be Pb = 87 - 6 Qb and (inverse) supply be Pv = 27 + 4 Qv.
Consider the shift in demand illustrated (the intercept of Pb moves by 9).In this case, the most likely cause of the shift depicted during this time period is an increase in L.A.'s population. The demand curve shifts to the right as the population grows, indicating that the quantity of water demanded rises. As a result, an increase in the population of L.A. would cause an increase in the quantity of water demanded. The demand curve would shift to the right in this scenario. A change in demand occurs when there is a shift in the demand curve, which can be caused by a variety of factors such as population growth, a shift in consumer tastes, and so on. An increase in demand results in a shift to the right, whereas a decrease in demand results in a shift to the left. Supply curves, on the other hand, may shift to the right or left as a result of changes in production costs, the introduction of new technology, or other factors. A change in supply will shift the supply curve either to the left or to the right. The equilibrium point is where supply and demand intersect.
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why do firms grow in economics
Explanation:
Firms grow in order to achieve their objectives, including increasing sales and maximising profits
A franchise coffee shop has been operating successfully for many years. However, the pandemic has had a dramatic effect on business operations in 2020. The following function models the monthly profit, P, in 1000 dollar increments as a function of t, the number of months from January, 2020. Consider that t = 0 represents the profit in January and t = 1 represents the profit in February, etc.
p(t)=6-sqt(3t+9)
What was the monthly profit in January 2020 in $ (as an integer to the nearest dollar):
Is the profit increasing or decreasing in 2020? Type in either increasing or decreasing:
Find the month in which the profit was zero (type in the name of the month):
Find the average rate of change of profit from t = 0 to t = 3. You will need a calculator.
Round your answer to the nearest dollar per month:
The monthly profit in January 2020 was $3. The profit is increasing in 2020. The month in which the profit was zero is October. The average rate of change of profit from t = 0 to t = 3 is approximately -$0.822 per month.
What was the monthly profit in January 2020, is the profit increasing or decreasing in 2020, what is the month when the profit was zero, and what is the average rate of change of profit from t = 0 to t = 3 rounded to the nearest dollar per month?To find the monthly profit in January 2020, substitute t = 0 into the profit function:
p(0) = 6 - sqrt(3 * 0 + 9) = 6 - sqrt(9) = 6 - 3 = 3Therefore, the monthly profit in January 2020 was $3.
To determine if the profit is increasing or decreasing in 2020, we need to examine the coefficient of t in the profit function.
Since the coefficient of t is positive (3), the profit is increasing in 2020.
To find the month in which the profit was zero, set the profit function equal to zero and solve for t:
6 - sqrt(3t + 9) = 0sqrt(3t + 9) = 63t + 9 = 363t = 27t = 9Since t represents the number of months from January 2020, the month in which the profit was zero is October.
To find the average rate of change of profit from t = 0 to t = 3, we calculate the difference in profit divided by the difference in time:
Average rate of change = (p(3) - p(0)) / (3 - 0)Calculate p(3):
p(3) = 6 - sqrt(3 * 3 + 9) = 6 - sqrt(18) ≈ 0.535Average rate of change = (0.535 - 3) / 3Round the answer to the nearest dollar per month using a calculator.
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Alicia just got a new job and will need to file taxes this year. During this year
she gave birth to a little girl, borrowed $1,000 from her best friend, gave her
mother $500 to help pay some bills, and bought her younger cousin a pair of
shoes. Which one of these people could Alicia claim as a dependent?
O A. Her mother
O B. Her best friend
Ο Ο Ο
C. Her younger cousin
D. Her daughter
Answer:
D, her daughter.
Explanation:
Children are almost always a dependent on their parent(s).
The one of these people could Alicia claim as a dependent is: D. Her daughter.
What is dependent?A dependent can be defined a the person who rely on a person for financial support.
Based on the given scenario the dependent will be Alicia little child because the child cannot fed for her self and will have to depend on the her mother.
Therefore the one of these people could Alicia claim as a dependent is: D. Her daughter.
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Should businesses & corporations make political statements?
Answer:
yes for reaching facts evaluation
Cross-training employees does not benefit employers in which way?
Answer:
Decreases employee wages
Explanation:
Just took the test
If in the short run, firms in monopolistic competition _________, new firms will enter the market.
If in the short run, firms in monopolistic competition make an economic profit, new firms will enter the market.
A firm is a for-profit business organization—such as a company, limited liability company (LLC), or partnership—that provides skilled services. Most companies have only 1 location.
Companies during a monopolistic competition build economic profits within the short run, however within the long-standing time, they create zero economic profit. The latter is additionally a result of the liberty of entry and exit within the trade. Restaurants, hair salons, home items, and clothing are examples of industries with monopolistic competition.
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Explain why socialist societies do not use a circular flow chart.
what is decision necessary? what is the process of decision making?
Answer:
Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
Bob wants to set up a business. He doesn’t have a lot of experience or knowledge in how to run a business but has a great idea for a service he is sure people will demand. Which type of business would be best for bob?.
Given Bob's lack of experience and knowledge in running a business, a suitable option for him would be to start a service-based business, specifically a sole proprietorship.
A sole proprietorship is the simplest and most common form of business ownership. It allows an individual to operate a business on their own without needing to form a separate legal entity.
Starting a service-based business aligns well with Bob's idea and can be a relatively low-risk endeavor. Bob can leverage his skills and expertise to offer his service directly to customers without the need for significant investments in infrastructure or inventory.
Additionally, a service-based business provides the opportunity for Bob to gain practical experience and learn about the intricacies of running a business firsthand. As the sole proprietor, Bob would have complete control over decision-making and can adapt and refine his business approach based on customer feedback and market demands.
It's important for Bob to research and understand any specific regulations or licensing requirements related to his chosen service industry and comply with legal and tax obligations accordingly. Seeking advice from mentors or business support organizations can also be beneficial for Bob's entrepreneurial journey.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Which are affected by the factors of production? Check all that apply.
A.) the demand of the item
B.) the availability of the item
C.) the cost of the item
D,) the quality of the item
E.) the popularity of the item
Answer:
A
C
D
Explanation:
without demand no reason to product it
The cost of a item also greatly affects it
and how well they can make it without being too expensive
Susan has complained that there are too many accounts to choose from in her chart of accounts. What are 2 ways you can clean up her chart of accounts to reduce the number of accounts shown?
Answer:
Export accounts
Delete the chart of accounts
Make sub-accounts
[Make accounts inactive]
[Merge duplicate accounts]
Susan has complained that there are too many accounts to choose from in her chart of accounts.
What are 2 ways you can clean up her chart of accounts to reduce the number of accounts shown?
Following are the 2 ways you can clean up her chart of accounts to reduce the number of accounts shown.
Export accountsDelete the chart of accounts and make sub-accounts[Make accounts inactive][Merge duplicate accounts]What is the way to merge duplicate accounts?Select the duplicate records and then press the Merge button. Select the master record (the one you want to maintain) in the Combine Records dialog box, and then select any fields in the new record that you wish to merge into the master record. The information in these fields may supersede the information in the master record. Select OK.
Editions Required and User Permissions
Click Merge Accounts in the Tools section of the Accounts tab.Enter a search term to detect duplicate accounts. Choose up to three accounts to combineChoose one account to be the master record. Choose the fields you wish to keep from each record. Select Merge.To learn more about merging duplicate accounts, click
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What is the purpose of the Subtotal feature?
Answer:
it automatically ignores rows that are hidden in a filtered list or table you can use this feature when you want to count ,sum and average etc values that are visible
Answer:
The answer is a
Explanation:
Which should you finance first?
O your needs
O your wants
O your savings
O your investments
in my opinion, the last option. i would spell it out but it won’t let me lolz
The sales force of a company that provides the company's product specifications to the customer acts as a(n)?
The sales force of a company that provides the company's product specifications to the customer acts as a sales representative or salesperson.
The sales force plays a crucial role in promoting and selling a company's products or services. One of their responsibilities is to provide customers with the necessary information and specifications about the company's products. They act as intermediaries between the company and the customer, effectively communicating the product features, benefits, and specifications to potential buyers.
By providing product specifications, the sales force helps customers make informed purchasing decisions. They ensure that customers have a clear understanding of the product's capabilities, benefits, and suitability for their specific needs. This information enables customers to assess whether the product aligns with their requirements and meets their expectations.
Moreover, the sales force acts as a representative of the company during the sales process. They serve as a point of contact for customers, addressing their inquiries, clarifying any doubts, and providing personalized guidance based on the customers' needs. This interaction helps build trust and rapport, enhancing the likelihood of successful sales outcomes.
In conclusion, the sales force of a company plays a crucial role in providing product specifications to customers. They serve as knowledgeable representatives who communicate detailed information about the company's products, enabling customers to make informed decisions and facilitating successful sales transactions.
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It is December 31, the end of the fiscal year. During December, employees earned $800,000 in salaries, but paychecks do not get issued until January 2
The adjusting entry required on December 31 is to recognize the accrued salaries expense for the month of December, even though paychecks will not be issued until January 2. This entry will increase the salaries expense and payable accounts on the balance sheet.
The adjusting entry for salaries earned but not yet paid at the end of the period is a common accrual adjusting entry. This entry aims to recognize the expenses incurred in the current period, even though the related cash payments will occur in a future period.
The journal entry to record this adjusting entry on December 31 would be:
Salaries Expense $800,000
Salaries Payable $800,000
This recognizes the expense for December and records the corresponding liability for the unpaid salaries. After this adjusting entry is recorded, the salaries payable balance on the balance sheet will reflect the amount owed to employees for the December salaries, and the salaries expense on the income statement will accurately reflect the total salaries earned by employees during the period.
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The correct question is:
It is December 31, the end of the fiscal year. During December, employees earned $800,000 in salaries, but paychecks do not get issued until January 2.
Which journal entry reflects the adjusting entry needed on December 31?
describe common substantive procedures used to audit a client’s property, plant, and equipment. how is depreciation audited? how are intangible assets audited?
Common substantive procedures used to audit property, plant, and equipment include physical verification, examination of deeds, and inspection of maintenance records.
Depreciation is audited by reviewing the calculation methods, ensuring compliance with accounting standards, and evaluating the reasonableness of estimates. Intangible assets are audited through examination of legal agreements, valuation reports, and testing for impairment.
Physical verification involves physically inspecting the property, plant, and equipment to verify their existence and condition. This ensures that the assets listed in the financial statements actually exist and are in use.
Examination of deeds and ownership documents is conducted to confirm the client's legal ownership of the assets and to check if there are any encumbrances or liens on them.
Inspection of maintenance records helps auditors assess whether the assets are being adequately maintained, which is important for determining their useful lives and potential impairment.
Auditing depreciation involves verifying that the calculation methods used by the client comply with accounting standards, such as the applicable depreciation rates and methods. Auditors also assess the reasonableness of the estimates made by management regarding the useful lives and salvage values of assets, as these assumptions can significantly impact the amount of depreciation charged each year.
For auditing intangible assets, auditors examine legal agreements and contracts related to these assets to confirm their existence and ownership rights. Valuation reports, prepared by specialists, are reviewed to ensure the assets' fair values are accurately recorded. Additionally, auditors test for impairment by assessing whether the carrying amount of the intangible assets is recoverable, considering factors like market conditions and technological advancements.
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Blossom Company is considering an investment that will return a lump sum of $850,000 3 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Blossom Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.)
Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie
Explain how a discount toy store would acquire products, set prices, and handle a decrease in interest with a particular toy that the store
presently has a huge supply of. Explain how they would know interest has declined. Is it really that big of a problem to have a huge supply of the product?
A discount toy store can acquire products through various channels such as wholesale suppliers, manufacturers, distributors, and even online marketplaces. In the case of a decrease in interest in a particular toy, the store can monitor sales data to determine if there has been a decline in demand.
They can negotiate for lower prices with the suppliers to keep the cost of goods low. The store can also rely on customer feedback and market trends to decide on which products to stock. Once they have acquired the products, they can set prices based on the cost of goods, competition, and demand.
In the case of a decrease in interest in a particular toy, the store can monitor sales data to determine if there has been a decline in demand. They can also conduct surveys or use social media to gather feedback from customers. If they find that interest has declined, they can reduce the price of the toy to clear inventory or offer promotions such as buy-one-get-one-free deals to increase sales.
Having a huge supply of a particular product can be a problem for the store as it ties up their capital and storage space. It also increases the risk of the product becoming obsolete or outdated, which can result in losses. Therefore, it is important for the store to manage their inventory effectively by monitoring sales and adjusting their pricing strategy accordingly.
The store can also consider donating excess inventory to charity or selling it to liquidators to recoup some of their costs. In summary, a discount toy store can acquire products at low prices, set competitive prices based on demand and competition, and handle inventory by monitoring sales and adjusting prices as necessary.
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Which of the following is not an element of marketing?
A. product
B. policy
C. promotion
D. price
••••••••••••••••••••••••••••••••••••••••••••••••
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The answer is B. policy
••••••••••••••••••••••••••••••••••••••••••••••••
An account is balanced when
Answer:
When total debits exceed total credits, the account indicates a debit balance.
Explanation:
Answer:
an account is balance when total debits exceed total credits.
Explanation:
this means the account indicates a debit balance
Steve has worked 36 hours this week at $10/hour. On his last shift of the week he clocks in at 8:05 am and takes his lunch at 11:53. He comes back from lunch at 12:35 and clocks out at 4:56. How much will Steve's Gross Pay be?
Answer:
$441.5
Explanation:
Hours already worked = 36 hours
Rate = $10 / day
Number of hours worked on last shift :
8:05 - 11:53 = 3 hours 48 minutes
12:35 - 4:56 = about 4 hours 21 minutes
Total hours (3 hours 48) + (4 hours 21 minutes). = 8 hours 9 minutes
Hence, total hours worked that week :
36 hours + 8hours 9 minutes
44 hours 9 minutes
Rate = $10 / hour
(44*$10) + (9/60 * $10)
$440 + $1.5
Gross pay = $441.5