If a business renders service and receives cash of $900 from the customer, the journal entry that would be recorded is:C. Service Revenue 900; Cash 900Explanation:Journal Entry refers to the record that a business makes in its books of accounts, to reflect any business activity, which involves an exchange of goods or services. It is a way to keep a record of all the financial transactions of a business.Journal entry for the above scenario: Cash 900;
Service Revenue 900The given transaction represents a receipt of cash for services rendered. As the cash received in the transaction is $900, the entry is debited with $900 under Cash.
As the business has earned revenue by rendering the service, the entry is credited with $900 under Service Revenue. Therefore, the correct journal entry for the given transaction would be: Service Revenue 900; Cash 900.
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A loan of R100 000, granted at 8% p.a. compounded monthly is to be repaid by regular equal monthly payments over a period of five years, starting one month after the granting of the loan.
The interest portion of the 23rd payment is equal to:
The interest portion of the 23rd payment would be approximately R2,042.38.
To calculate the interest portion of the 23rd payment, we can use the formula for calculating equal monthly payments on a loan.
Given that the loan amount is R100,000, the interest rate is 8% p.a. compounded monthly, and the loan is to be repaid over a period of five years (60 months), we can use the formula:
P = (r * PV) / (1 - (1 + r)^(-n))
Where:
P = monthly payment
r = monthly interest rate
PV = present value of the loan
n = total number of payments
First, we need to calculate the monthly interest rate:
r = (8% / 100) / 12 = 0.00667
Next, we calculate the monthly payment:
P = (0.00667 * 100,000) / (1 - (1 + 0.00667)^(-60))
P ≈ R2,042.38
Since the loan is repaid over 60 months, we can assume that each monthly payment is the same. Therefore, the interest portion of the 23rd payment would be the same as the interest portion of any other payment.
Hence, the interest portion of the 23rd payment would be approximately R2,042.38.
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normative economics is . multiple choice question. based on the use of the scientific method based on facts applicable only to macroeconomics based on value judgments
Normative economics is based on value judgments.
Normative economics is concerned with making value judgments about what should be, rather than what is. It deals with subjective opinions and beliefs about what the economy should look like and how it should be managed.
Normative economics often involves making recommendations and proposing policies based on personal, political, or ethical beliefs.
In contrast, positive economics is based on the use of the scientific method and is concerned with describing and explaining economic phenomena. Positive economics is objective and fact-based, relying on data and empirical evidence to draw conclusions about the economy.
Therefore, the correct answer is "based on value judgments".
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how do i spell chicken strips?
Answer:
chicken strips
Explanation:
yes
A new pizza restaurant is opening in town. The owners of this restaurant decide to place an advertisement in the town newspaper announcing the date of their big opening. The owners of the restaurant are using ________. A) mass communications B) a push strategy C) word-of-mouth communications D) public relations
Answer:
Answer is A
Explanation:
They are trying to get the word out to many people so their business grows. So they are using mass communication to do so.
Who is liable for contracts entered into on behalf of the corporation before the corporation is formed?.
The Companies Act of 2006's Section 51 governs agreements made by a business before it was formed or on its behalf. The party representing the company is liable under the contract unless something different is stated.
What does the 2006 Companies Act entail?The primary piece of legislation governing company law in the UK is the Companies Act of 2006. With more than 1,300 sections, it is the longest piece of legislation ever passed in the UK. The Act's final provisions were subject to eight years of consultation before becoming law in October 2009.
The Act's main goals are to modernize and streamline company law, codify directors' responsibilities, improve shareholder rights, and lessen the administrative burden faced by UK corporations. The Companies Act has drawn criticism from some commentators for implementing a number of reforms without necessarily making life easier for limited company directors, as is frequently the case with legislation.
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stagflation refer to an increase in inflation accompanied by decreases in real output and employment
T/F
True, stagflation refers to an increase in inflation accompanied by decreases in real output and employment.
This economic situation occurs when there is a combination of stagnant economic growth, high inflation, and high unemployment.
Stagflation is a unique and challenging scenario for policymakers, as traditional monetary policies like lowering interest rates or increasing government spending may not be effective in addressing both high inflation and unemployment simultaneously.
Instead, policymakers must carefully balance their actions to avoid exacerbating either issue, making the management of stagflation a complex task. In summary, stagflation is characterized by an increase in inflation and a decrease in real output and employment, requiring careful policy actions to mitigate its negative effects on the economy.
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Commercial Insurances Inc. is a large stock property and liability insurer that specializes in the writing of commercial lines of insurance. The board of directors has appointed a committee to determine the feasibility of forming a new subsidiary insurer that would sell only personal lines of insurance, primarily homeowners and auto insurance. The new insurance company would have to meet certain management objectives. One member of the board of directors believes the new insurer should be legally organized as a mutual insurer rather than as a stock insurer. Assume you are an insurance consultant who is asked to serve on the committee. To what extent, if any, would each of the following objectives of the board of directors be met by formation of a mutual property and casualty insurer? Treat each objective separately.
a. Commercial Insurance must legally own the new insurer. Should new subsidiary be organized as mutual insurer or a stock insurer. Provide rationale of your choice.
b. The new insurer should be able to sell common stock periodically in order to raise capital and expand into new markets. [hint: does mutual insurer has stockholders from whom new capital can be raised? Can stock insurer raise capital by selling to stockholders?]
c. The policies sold should pay dividends to the policyholders. [hint: who can meet these objective [i.e. paying dividends] mutual insurer or stock insurer and how?
d. The new insurer should be licensed to do business in all states. [hint: who meets this criteria mutual insurer or stock insurer]
a. To meet Commercial Insurance's objective of legal ownership, the new subsidiary should be organized as a stock insurer.
b. The new insurer should be organized as a stock insurer to raise capital by selling common stock.
c. Forming the new insurer as a mutual insurer would allow for the payment of dividends to policyholders.
d. Both mutual and stock insurers can potentially be licensed to do business in all states.
a. How should the new subsidiary be organized to achieve legal ownership by Commercial Insurance?To meet the objective of Commercial Insurance legally owning the new insurer, the subsidiary should be organized as a stock insurer. In a stock insurer, the ownership of the company is represented by shares of stock, which can be owned by other entities or individuals. This means that Commercial Insurance can own 100% of the shares of the new insurer, ensuring complete ownership and control. On the other hand, in a mutual insurer, ownership is held by the policyholders, and Commercial Insurance would not have the ability to maintain full ownership. Therefore, a stock insurer is the appropriate choice to meet this objective.
b. How can the new insurer raise capital and expand into new markets through stock sales?The objective of selling common stock periodically to raise capital and expand into new markets would be better met by organizing the new insurer as a stock insurer. In a stock insurer, the company can raise capital by issuing and selling shares of common stock to investors, including the public, institutional investors, or existing stockholders. Stock insurers have the flexibility to access the capital markets and attract investments through stock offerings. In contrast, a mutual insurer does not issue stock, as ownership lies with the policyholders, and they do not have stockholders from whom they can raise capital through stock sales. Therefore, a stock insurer is more suitable for this objective.
c. How can the new insurer ensure policyholders receive dividends?The objective of paying dividends to policyholders would be better met by forming the new insurer as a mutual insurer. In a mutual insurer, the policyholders are the owners of the company, and any surplus or profits generated can be distributed to policyholders as dividends. This aligns with the principle of mutual insurance, where policyholders mutually share in the company's success. In a stock insurer, dividends are typically paid to the shareholders, who are separate from the policyholders. While a stock insurer can choose to pay dividends to shareholders, it would not directly benefit the policyholders. Therefore, a mutual insurer is more appropriate for this objective.
d. How can the new insurer obtain licenses to do business in all states?To meet the objective of being licensed to do business in all states, both mutual and stock insurers can potentially achieve this. The licensing process and requirements for doing business in different states are generally the same for both types of insurers. Whether an insurer is mutual or stock does not inherently impact its ability to obtain licenses in various states. The key factor for meeting this objective lies in complying with the regulatory requirements of each state and obtaining the necessary licenses and approvals. Therefore, both a mutual insurer and a stock insurer can fulfill this objective, and the choice between the two would not have a significant impact on obtaining licenses in all states.
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Flash City Inc. manufactures small flash drives and is considering raising the price by 75 cents a unit for the coming year. With a 75−cent price increase, demand is expected to fall by 7,000 units. Current Projected Demand 78,000 units 71,000 units Selling price $8.50 $9.25 Incremental cost per unit $5.80 $5.80 Would you recommend the 75−cent price increase?
Answer:
Flash City Inc is a company manufacturing small flash drives
Current Situation:
Demand = 78,000 Units
Selling price per unit = $8.50
Cost per unit = $5.80
Operating Profit = 78,000 * ($8.50 – $5.80)
Operating Profit = 78,000 * $2.70
Operating Profit = $210,600
Projected Situation:
Demand = 71,000 Units
Selling price per unit = $9.25
Cost per unit = $5.80
Expected Operating Profit = 71,000 * (9.25 – 5.80)
Expected Operating Profit = 71,000 * 3.45
Expected Operating Profit = $244,950
Recommendation: If the selling price price per unit is increase by 0.75 cent, the Operating Profit to realize on manufacturing of the small flash drive will increase by $34,350 ($244,950 - $210,600) although such increment may have an effect of decrease in demand of the Flash drive in market due to increase in price.
Answer:
The $0.75 price increase will result in higher profits.
Explanation:
Current Demand Projected Demand
Units sold 78,000 units 71,000 units
Selling price $8.50 $9.25
Cost per unit $5.80 $5.80
Contribution margin $2.70 $3.45
Gross profit $210,600 $244,950
The price increase will result in gross profit increasing by $34,350. The decrease in the quantity demanded is offset by a larger increase in the contribution margin per unit.
Geoffrey is waiting for raw materials to be delivered to his company. He had asked the suppliers to deliver the materials by 8:00 am. He knew
that the first shift begins at 9:00 am. Which stage of operational planning has Geoffrey performed here?
Geoffrey has performed the ____________stage of operational planning.
Answer:
scheduling
Explanation:
"Scheduling: Scheduling helps achieve the goals set by the company. This involves planning the arrival of raw materials for production, and providing adequate infrastructure to process these raw materials. It also involves making efficient schedules for employee assignments. Efficient schedules optimize production levels. "
ABC Corporation's bonds have a 15 year maturity, 6% coupon (paid semiannually), and a par value of $1,000. The market interest rate is 7% What is the bond's price? Select one: O a $1,098.00 Ob $908.04 O c. $1.09712 Od $1,024 67 O e. $980.92
The bond's price is $908.04(b).
To calculate the bond's price, we can use the formula for the present value of a bond, which is the discounted value of its future cash flows. In this case, the bond has a 15-year maturity and a 6% coupon rate paid semiannually. The market interest rate is 7%.
To calculate the bond's price, we need to calculate the present value of the coupon payments and the present value of the face value (par value). The coupon payments are $30 every six months (0.06 * $1,000 / 2), and there are 30 total coupon payments (15 years * 2). The face value is $1,000.
Using the present value formula and discounting the cash flows at the market interest rate of 7%, we can calculate the present value of the coupon payments and the present value of the face value. Summing these two present values gives us the bond's price, which is $908.04.
Therefore, the correct option is b) $908.04.
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1.Which of these is NOT a general sociocultural trends occurring in the United States and internationally that affect organizations?Group of answer choicesA. Young adults in the United States are living at home longer.B. While fewer immigrants have been entering the United States in recent years, diversity in the U.S. workplace continues.C. Sexual harassment at work in the era of #MeToo.D. While women have made gains in the workplace, they still comprise a small share of top leadership jobs.E. Biodiversity is being lost at mass-extinction rates and pollution of the air and sea has become an increasingly pressing threat to human health.
(A) Young adults in the United States are living longer at home than these are NOT general sociocultural trends occurring in the United States and internationally that affect organizations.
In the three decades since the adoption of the Convention on the Rights of the Child,despite an expanding world population,we have reduced the number trends reflect the National Intelligence Council's perspective on these future trends it does not represent the official and coordinated vision.
The US Injustices at the international level have produced a parallel increase in inequality between rich and poor countries.These are political trials.The pandemic has led to a massive global public health campaign to slow the spread of the disease virus by increasing hand washing,reducing face.
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Benjamin's credit card has an APR of 19%, calculated on the previous monthly balance, and a minimum payment of 2%, starting the month after the first purchase. His credit card record for the last 7 months is shown in the table below. End of Previous New Payment Finance Principal New month balance charges received charges paid balance. What is the total amount that Benjamin has made in payments over the 7 months?
O A. $59.38
O B. $47.01
O c. $225.64
O D. $285.02
To solve this question, we need to calculate Benjamin's monthly payments of credit card by taking 2% of his previous month's balance and add any new charges he made during that month.
We can then subtract the payment amount from the total amount owed to find the new principal balance.
Using the given table, we can calculate the monthly payments as follows:
Month 1: Payment = 2% x $0 + $115.00 = $115.00. New principal balance = $115.00 + $115.00 x 0.19 / 12 = $116.75.
Month 2: Payment = 2% x $116.75 + $89.43 = $92.14. New principal balance = $116.75 + $89.43 - $92.14 = $114.04.
Month 3: Payment = 2% x $114.04 + $78.51 = $80.19. New principal balance = $114.04 + $78.51 - $80.19 = $112.36.
Month 4: Payment = 2% x $112.36 + $72.02 = $74.86. New principal balance = $112.36 + $72.02 - $74.86 = $109.52.
Month 5: Payment = 2% x $109.52 + $67.23 = $70.95. New principal balance = $109.52 + $67.23 - $70.95 = $105.80.
Month 6: Payment = 2% x $105.80 + $60.68 = $63.10. New principal balance = $105.80 + $60.68 - $63.10 = $103.38.
Month 7: Payment = 2% x $103.38 + $54.35 = $56.67. New principal balance = $103.38 + $54.35 - $56.67 = $101.06.
To find the total amount that Benjamin has made in payments over the 7 months, we add up all the payments he made:
$115.00 + $92.14 + $80.19 + $74.86 + $70.95 + $63.10 + $56.67 = $552.91.
Therefore, the answer is not one of the options provided.
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The following information has been taken from the job order cost system, used by SALEEM CORPORATION:
Job No.
Balance March 1
Production Cost in March
15
Rs. 150,000
---
16
170,000
---
17
50,000
Rs. 130,000
18
70,000
150,000
19
----
240,000
20
----
150,000
21
----
90,000
During March Job No. 17, 18 & 19 were completed, and job No. 15, 16 and 17 were sold on account at 40% above cost.
REQUIRED:
i) Cost of finished goods inventory – beginning
ii) Cost of goods in process inventory – beginning
iii) Cost of finished goods inventory – ending
iv) Cost of goods in process inventory – ending
v) Cost of goods manufactured
vi) Cost of Goods sold
vii) Sales
Answer:
i) Details Amount Rs
Cost of Job No.15 150,000
Cost of Job No.16 170,000
Cost of finished goods inventory - beginning 320,000
ii) Details Amount Rs
Cost of Job No.17 50,000
Cost of Job No.18 70,000
Cost of goods in process inventory - beginning 120,000
iii) Details Amount Rs
Cost of Job No.18 220,000 (70000+150000)
Cost of Job No.19 240,000
Cost of finished goods inventory - ending 460,000
iv) Amount Rs
Cost of Job No.20 150,000
Cost of Job No.21 90,000
Cost of goods in process inventory - ending 240,000
v) Amount Rs
Total Production Cost incurred in March 760,000
(130000+150000+240000+150000+90000)
Add: Cost of goods in process inventory - beginning 120,000
Less: Cost of goods in process inventory - ending 240,000
Cost of goods manufactured 640,000
vi) Amount Rs
Cost of goods manufactured 640,000
Add: Cost of finished goods inventory - beginning 320,000
Less: Cost of finished goods inventory - ending 460,000
Cost of Goods sold 500,000
vii) Sales = Cost of goods sold * 140%
Sales = 500000*140%
Sales = Rs. 700,000
who will win the fight tomorrow jake paul or ben askren
winner gets brainlest
Answer:
prolly ben askren
Explanation:
cause he was an ameture wrestler before
Answer: Ben askren bro
Explanation:
_______ Is a broadband access method that depends upon fiber optic cablesa. ADSLb. WLLc. PONSd. CATV
The correct answer is c. PONS, which stands for Passive Optical Network System, is a broadband access method that relies on fiber optic cables to deliver internet and other telecommunications services to homes and businesses. PONS works by connecting a central office or data center to a passive optical splitter, which then distributes the signal to individual subscribers over fiber optic cables.
Unlike other broadband access methods like ADSL (Asymmetric Digital Subscriber Line) and CATV (Cable Television), which rely on copper wires or coaxial cables, PONS provides a faster and more reliable connection, capable of delivering high-speed internet, voice, and video services over long distances with minimal signal degradation. So, in short, the correct answer is c. PONS.
The broadband access method that depends upon fiber optic cables is c. PONs (Passive Optical Networks). PONs utilize fiber optic technology to provide high-speed internet access and other communication services to end users.
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Cooley Company's stock has a beta of 0.60, the risk-free rate is 2.25%, and the market risk premium is 5.50%. What is the firm's required rate of return? Do not round your intermediate calculations.
5.55%
4.38%
6.60%
6.16%
4.66%
The risk-free rate is 2.25%, the market risk premium is 5.50%, and the beta for the shares of Cooley Company is 0.60. The required rate of return for the company is 5.55% is calculated by using Capital Asset Pricing Model (CAPM). Thus, option A is correct.
A financial model used to determine an asset's expected rate of return is known as the capital asset pricing model (CAPM). The predicted return on the market and a risk-free asset, as well as the asset's correlation with or sensitivity to the market (beta), are used by CAPM to achieve this.
To calculate the required rate of return using the Capital Asset Pricing Model (CAPM), use the following formula:
Required Rate of Return = Risk-Free Rate + Beta * Market Risk Premium
According to the given information,
Beta = 0.60
Risk-Free Rate = 2.25%
Market Risk Premium = 5.50%
Now, substituting the values into the formula:
Required Rate of Return = 2.25% + 0.60 * 5.50%
Required Rate of Return = 2.25% + 3.30%
Required Rate of Return = 5.55%
The firm's required rate of return is 5.55%. Thus, option A is correct.
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According to victor vroom, the belief that performance will result in obtaining a particular reward is known as __________.
According to Victor Vroom, belief that the performance will result in obtaining particular reward is known as instrumentality.
What is instrumentality?Theological doctrine known as instrumentality is included in the more general category of the prophetic model of biblical inspiration. According to proponents of the prophetic model, all the books of the bible were written by people who had received divine inspiration in a similar way as prophets have received divine inspiration to preach. Nevertheless, as Reginald-Garigou Lagrange, O.P. points out, a prophet can act in accordance with direct revelation from God or on the basis of inspiration. In terms of interpreting the Bible, the latter is important. Theologians from the Middle Ages like Thomas Aquinas extensively and methodically defined this notion of biblical inspiration, which was prevalent in the Early Church. In the Second Part of the Second Part of the Summa Theologica, Questions 171–174, Thomas analyzes prophecy.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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5 star and Brainliest to whoever can get this ASAP no explanation pls
Understanding the likelihood of failure is part of understanding the
A. Rates
B. Risks
C. Returns
An investment will grow faster with a monthly _____ interest rate
A. Compound
B. Simple
Investments with more liquidity include
A. Real Estate
B. Retirement Plans
C. Savings Accounts
Investments with less liquid include
A. Checking accounts
B. Personal property
C. Mutual funds
Answer:
B. Risks
A. compound
c. Savings Account
c. mutual funds
Answer:
Understanding the likelihood of failure is part of understanding the
✔ risks
.
An investment will grow faster with a monthly
✔ compound
interest rate.
Investments with more liquidity include
✔ savings accounts
.
Investments with less liquidity include
✔ personal property
.
Explanation:
Which of the following is a true statement regarding operating costs:
They are fixed expenses.
They are not directly related to production.
They occur once or twice a year.
Only some businesses have them.
Answer:
They are not directly related to production.
Explanation:
Operating expenses are the costs incurred in running the affairs of a business on a day-to-day basis. They refer to the expenses associated with the maintenance and administration of a business. Operating expenses are also operational costs and include rent, machinery, payroll services, utilities, uniforms, and office supplies. operating cost also covers overhead expenses as well as the cost of goods sold
Please help--
Spending that is based on the purchase decisions you make that can vary from month to month is a ___
mr. and mrs. king had only one casualty loss this year when a tornado (a federally declared disaster) damaged their home, decreasing its value by $70,000. the couple received a $48,000 reimbursement from their insurance company. compute the kings' itemized deduction for casualty losses if their agi was $98,200.
The kings' itemized deduction for casualty losses if their agi was $98,200 will be C) $12,080
$22,000 unreimbursed decrease in value − $100 floor − $9,820 (10% × AGI).
Any abrupt, unforeseen, or uncommon event, such as a flood, hurricane, tornado, fire, earthquake, or volcanic eruption, can cause damage to, destruction of, or loss of your property, which is known as a casualty loss. Normal wear and tear or progressive deterioration are not considered casualties.
When claiming a deduction for destroyed property, you must first determine the casualty loss by deducting the salvage value from the asset's adjusted basis before deducting any insurance proceeds from the outcome.
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How much is this 1998 mint condition Charizard worth? Sorry for the bad pic.
The value of a 1998 mint condition Charizard Pokemon card can vary greatly based on various factors, including the card's edition, condition, and market demand.
What is the explanation for the above response?Charizard cards from the 1998 Pokemon Base Set are among the most sought-after and valuable cards in the Pokemon TCG, with some versions commanding considerable premiums at auction.
In general, based on the conditions described above, a 1998 mint condition Charizard from the Pokemon Base Set might be worth several hundred to several thousand dollars.
It's crucial to remember that the value of a card might change over time, so it's always a good idea to have it assessed by a respected dealer or collector.
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Franchising is a popular way to grow. Subway has about 42,000 franchisees that pay 12.5% of their annual store
revenue (417 000 average) to Subway. About how much does Subway collect in franchise fees?
Answer:
$2,189,250,000
Explanation:
I just finished the quiz
Franchising is a popular way to grow. Subway has about 42,000 franchisees that pay 12.5% of their annual store revenue (417 000 average) to Subway. $2,189,250,000 is much does Subway collect in franchise fees.
What is Franchising?
The term franchising refers to the expansion of the business. The franchising was the marketing strategy to the sold the goods and the services are the large level. It was the adopted the organization as a strategy was the owner licenses its operations.
Determine the given amount are:
Total number of subway franchisees = 42,000Average annual store revenue = $417,000Total paying percentage of franchisees = 12.5%At 12.5% of average revenue = (417000 × 12.5) ÷ 100
At 12.5% of average revenue = 5212500 ÷ 100
At 12.5% of average revenue = $52,125
Total subway collection in franchise fee = total number of franchisees × amount of fees per franchises
Total subway collection in franchise fee = 42,000 × 52,125
Total subway collection in franchise fee = $2,189,250,000
As a result, the significance of the franchising are the aforementioned.
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Guys I love cricket and my favourite ipl team is KKR
Answer:
same pinch ☺️☺️..............
High beams should be:
a. Dimmed when you are within 100 feet of another vehicle.
b. Used whenever it is safe and legal to do so.
c. Turned on when an oncoming driver does not dim his or her lights.
d. All of the above.
Why a firms oline inventory control system is an example of e-business rather than e-commerce. What is the key factor in determining if a transaction is commerce
Answer:
E-business is a wider term, it refers to the business conducted online. It not only includes the buying and selling of products, but rather includes all the functions done online, example: maintaining inventory records, maintaining customer data, maintaining payroll, etc:
E-commerce is a kind of subset to e-business. E-commerce shall only refer to buying and selling of products online and do not include adjacent activities. It is of various types, business to business, business to consumer, etc:
When determining that a transaction is commerce it shall be considered as the purpose of such transaction, if the purpose is to buy and sell the product with direct link, it is commerce. Direct link means that the transaction should be for buying and selling and not the adjacent activity to that, maintaining inventory is an adjacent activity and not direct buying or selling thus, it is not business, it is commerce.
What do behaviorist and cognitivist theories have in common?
a. Praise is an important aspect of learning in both of them.
b. They both rely on a simple stimulus-response system.
c. Repetition is an important aspect of learning in both of them.
d. They both accept that the mind has a conscious role in learning.
A middle school took all of its 6th grade students on a field trip to see a ballet at a theater that has 2500 seats. The students filled 2275 of the seats in the theater. What percentage of the seats in the theater were filled by the 6th graders on the trip?
Answer:
91 % of the seats in the theater were filled by the 6th graders on the trip.
Explanation:
Total number of seats = 2500
Number of seats occupied = 2275
Percentage of seats filled = 2275/2500 * 100
= 91%
91 % of the seats in the theater were filled by the 6th graders on the trip.
The percentage is taken out by dividing the number of seats occupied with the total number of seats available and multiplying it with 100.
You are the Project Manager for an upcoming project. Myself, the Portfolio Manager, doesn’t have time
to review any of the project documents. As a result of my busy schedule, I am requesting you draft a
Project Charter to ensure I am brought up to speed on the project. To get my buy in to proceed with the
project, I require the following information.
1. Charter Introduction
1.1. Authorization
1.2. Project Manager
1.3. Project Sponsor
2. Project Overview
2.1. Project Purpose
2.2. Project Description
2.3. Measurable Project Objectives and Success Criteria
2.4. High Level Requirements and Resources
2.5. High Level Risks
2.6. Assumptions and Constraints
2.7. Major Milestones
2.8. Summary budget & Duration
5-10 Activities
3.CPM calculations with Critical Path
The draft of Project Charter to ensure the Portfolio Manager is brought up to speed on the project is as follows:
1. Charter Introduction1.1 Authorization:
This project charter is authorized by the portfolio manager to initiate the project and to provide guidance and direction throughout the project lifecycle.
1.2 Project Manager:
The project manager for this project is [Name], who will be responsible for the successful completion of the project.
1.3 Project Sponsor:
The project sponsor for this project is [Name], who will provide support and resources necessary to complete the project.
2. Project Overview2.1 Project Purpose:
The purpose of this project is to develop and launch a new e-commerce platform for a leading retail company. The platform will allow customers to browse products, place orders, and make payments online.
2.2 Project Description:
The project will involve the development of a scalable and secure e-commerce platform that will be integrated with the company's existing inventory management system. The platform will include features such as product search, customer registration, shopping cart, checkout, and payment processing.
2.3 Measurable Project Objectives and Success Criteria:
The measurable project objectives and success criteria include:
Launch the e-commerce platform within 12 monthsAchieve a minimum of 500 orders per day within 6 months of launchAchieve a customer satisfaction rating of 4 out of 5 within 3 months of launch2.4 High Level Requirements and Resources:
The high-level requirements for the project include:
Development of a responsive web applicationIntegration with existing inventory management systemIntegration with payment gatewayHigh-performance and scalable architectureThe resources required for the project include:Development team (5 developers, 2 QA)Project ManagerUI/UX DesignerSystem AdministratorDatabase Administrator2.5 High Level Risks:
The high-level risks for the project include:
Technical risks such as scalability and securityIntegration risks with third-party systemsResource risks such as availability of key team membersRegulatory compliance risks such as data privacy laws2.6 Assumptions and Constraints:
The assumptions and constraints for the project include:
The existing inventory management system is compatible with the new platformPayment gateway integration is feasible within the budget and timelineThe project budget is fixed at $1,000,000The project timeline is fixed at 12 months2.7 Major Milestones:
The major milestones for the project include:
Project initiation and planning completed within 1 monthDevelopment and testing of minimum viable product within 6 monthsIntegration with inventory management system and payment gateway within 9 monthsUser acceptance testing and launch within 12 months2.8 Summary budget & Duration:
The summary budget for the project is $1,000,000 and the duration is 12 months.
3. Activities and CPM Calculations with Critical Path:The following are the key activities for the project along with their estimated duration (in weeks) and predecessors:
See the first table on the attachment.
The critical path for the project is:
Initiation and planning -> Requirement gathering -> Design and prototyping -> Development of MVP -> Testing and bug fixing -> Integration with inventory management system -> Integration with payment gateway -> User acceptance testing and launch.The Critical Path Method (CPM) calculations for the project are as follows:
See the second table on the attachment.
The critical path is highlighted in bold and has a duration of 28 weeks:
(Initiation and planning -> Requirement gathering -> Design and prototyping -> Development of MVP -> Testing and bug fixing -> Integration with inventory management system -> Integration with payment gateway -> User acceptance testing and launch).In conclusion, this project charter provides an overview of the project, including its purpose, objectives, high-level requirements, resources, risks, assumptions, constraints, major milestones, summary budget, and duration. It also outlines the key activities and critical path for the project using CPM calculations.
This information is important for the portfolio manager to make informed decisions about the project and ensure its successful completion.
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