Use the following Fact Pattern to answer the questions. 1. In February, Retailer contacted Designer, and asked Designer to design Retailer's website for $20,000, and Designer agreed. 2. Under the terms of the written contract, Retailer was to pay Designer $20,000 by December 31st for designing the Retailer's website. 3. In August, four months before the payment was due in December, Designer learned of an investment opportunity.
4. Designer called Retailer and said, "I need cash quickly to make an investment that will enable me to make a $35,000 profit. 5. I know that you owe me $20,000 in December, but if you promise now to pay me $15,000 in cash by the 25th of this month (August), I will accept that as the full payment for designing your website." 6. Retailer responded, "Thanks. That's a good deal. I accept, but only if I can get a loan, as I do not have the cash right now." 7. "Thanks, that would be great," responded Designer.
Question:
1.List and define the elements of a contract. 2. Would the agreement in lines 1-2 be covered by the Common Law or the UCC? How do you know? 3. The agreement in lines 1-2 is a unilateral contract. a) True b) False 4. From sentence 2, Retailer paying $20,000 to the Designer, and Designer designing the website for the Retailer would represent which element of a contract? a) The meeting of the minds b) The acceptance c) The consideration d) The value and 5. Under the original agreement in lines 1-2, Retailer would be considered the Designer would be considered the ____ a) Offeror, acceptor b) Offeree, acceptor c) Offeror, offeree d) Customer, contractor 6. What are the terms of the modified agreement in lines 4-7? Is this a legally binding contract? Explain. 7. According to your knowledge of contracts Sentence 5 most likely represents... a) An acceptance b) An offer c) An invitation to make an offer d) Consideration 8. According to your knowledge of Contracts Sentence 6 most likely represents: a) An acceptance b) An offer c) A rejection, and a counteroffer d) Mutual assent 9. According to your knowledge of Contracts, sentence 7 most likely represents: a) An acceptance b) An offer c) Consideration d) A rejection 10. According to the Statute of Frauds, this is the type of contract that needs in writing because? a) The contract cannot be performed within a year. b) It is a contract for over $500. c) It is a contract for services. d) It does not need to be in writing according to the Statute of Frauds.
Answers
List and define the elements of a contract: Offer: A proposal made by one party to another, indicating a willingness to enter into a contract.
Acceptance: The agreement by the offeree to the terms of the offer, creating a binding contract. Consideration: Something of value exchanged between the parties, typically money or goods, which serves as the basis for the contract. Mutual assent: The meeting of the minds between the parties, indicating a mutual agreement to the terms of the contract. Capacity: The legal ability of the parties to enter into a contract. They must be of legal age and have the mental capacity to understand the terms and consequences of the agreement. Legality: The purpose of the contract must be legal and not against public policy.The agreement in lines 1-2 would likely be covered by the Common Law. This is because it involves the design of a website, which is considered a service, and the Common Law governs contracts for services.
False. The agreement in lines 1-2 is a bilateral contract since both parties made promises and are obligated to perform. In a unilateral contract, one party makes a promise in exchange for the other party's performance. The agreement in sentence 2 represents the consideration element of a contract. Retailer paying $20,000 to the Designer and Designer designing the website for Retailer are the exchange of consideration, which is necessary for a valid contract. Under the original agreement in lines 1-2, Retailer would be considered the offeree, and Designer would be considered the offeror. The offeror makes the initial offer, and the offeree has the option to accept or reject it.The terms of the modified agreement in lines 4-7 involve Designer requesting early payment of $15,000 instead of the full $20,000 in exchange for accepting it as the full payment for designing the website. Retailer agrees to this modified payment arrangement, subject to obtaining a loan. Whether this modified agreement is a legally binding contract would depend on various factors such as the existence of consideration, mutual assent, and compliance with other requirements of a valid contract.Sentence 5 most likely represents an offer. Designer is presenting a proposal to Retailer, outlining the terms of the modified agreement. Sentence 6 most likely represents a rejection and a counteroffer. Retailer accepts the modified terms but adds the condition of obtaining a loan, which alters the original terms proposed by Designer.Sentence 7 most likely represents acceptance. Designer expresses gratitude for Retailer's willingness to obtain a loan, indicating acceptance of the modified terms.
According to the Statute of Frauds, this is the type of contract that needs to be in writing because it is a contract for services. Contracts for services generally do not fall under the Statute of Frauds, which requires written evidence for certain types of contracts. However, it's important to consult specific jurisdictional laws as they may vary.
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Related Questions
HELP NEEDED IF CORRECT If the contract requires that the goods be delivered by carrier and nothing else is stated, then the contract is a. warehouse contract. b. shipping contract. c. destination contract.
Answers
Answer:
b. shipping contract.
Explanation:
Shipping contract in which the vendor is obliged to dispatch the goods through the carrier. Once delivered to the carrier, the buyer bears responsibility for any injuries or damages to the goods. It is a detailed body of regulations, laws and policies, international treaties, and judicial rulings designed to deal with the responsibility and operating rights of carriers traveling on the high seas. All contracts are oftentimes implied to be contracts for shipment if there is nothing to the contrary specified in the contract.
Use what you have learned about wants and needs to complete these statements. frankie already has a pair of basketball shoes that he can wear for the tryout, which makes the new pair a . if frankie did not have a pair of basketball shoes for the tryout, the new shoes would be considered a .
Answers
Need is essential for survival, while wants are a person's desires. The 1st statement explains want and the 2nd need.
What do you understand by the term need and want?A need is something that is required for survival (for example, food and shelter), whereas a want is something that a person would like to have.
Frankie already has a pair of basketball shoes that he can use for the tryout, so the new pair is a Want.The new shoes would be considered a Need if Frankie did not have a pair of basketball shoes for the tryout.
Therefore, the above statement explains the want and the need.
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4. Calculate the NOPAT, given the following information: Net profit: 4000 Interest: 1000 Tax: 1000 Loss from foreign currency devaluation: 2000 Gain from non-operational investments: 2000 Enter answer
Answers
Based on the information provided, the NOPAT is 5000.
To calculate the NOPAT (Net Operating Profit After Tax) using the given information, follow these steps:
1. Find the Earnings Before Interest and Tax (EBIT) by adding the Interest and Tax back to the Net Profit:
EBIT = Net Profit + Interest + Tax
EBIT = 4000 + 1000 + 1000
EBIT = 6000
2. Remove the non-operating items from the EBIT:
Adjusted EBIT = EBIT - Gain from non-operational investments + Loss from foreign currency devaluation
Adjusted EBIT = 6000 - 2000 + 2000
Adjusted EBIT = 6000
3. Calculate the NOPAT by subtracting the tax from the Adjusted EBIT:
NOPAT = Adjusted EBIT - Tax
NOPAT = 6000 - 1000
NOPAT = 5000
So, the NOPAT for this case is 5000.
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How can I become rich???
Answers
Explanation:
1, Don’t focus on a job, use the income from your job to invest to create different forms of income
2, Fastest way to get rich is to form a business
that's it :)
Miley and Otis are involved in a case. The best definition of a case is:
A) a type of regulation applied to a business.
B) a criminal prosecution, not a civil proceeding.
C) a judicial proceeding for the resolution of a dispute.
D) a failure to perform a legal obligation.
Answers
The best definition of a case is C) a judicial proceeding for the resolution of a dispute.
A case is best defined as a judicial proceeding for the resolution of a dispute.
It can involve criminal or civil matters and is typically initiated by one party against another to resolve a legal issue.
In the case of Miley and Otis, it is not specified whether it is a criminal or civil matter, but the fact that they are involved in a case implies that there is a dispute that needs to be resolved through legal means.
Therefore, the answer is C) a judicial proceeding for the resolution of a dispute.
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Use these graphics to answer the question.
An association of medical researchers examined exercise trends among adults.
pls help need an answer fast
Which ratio shows the relationship between the total percent of people who exercised in 2014 to the percent of adults ages 18–24 who exercised in 2016?
47:42
58:45
48:59
48:50
Answers
The ratio that represents the relationship between the total percent of people who did exercise in 2014 compared to the the percent of adults ages 18–24 who exercised in 2016 is 48:59.
What is a ratio?A ratio is the comparison of two figures, this can be done with the past data, or can be done with the budgeted or any competitor. In the example given the data is compared with the past data, base year is 2014 and the current year is 2016.
The ratio that is calculated represents that the total percentage of people were 48% in 2014 and the adults in 2016 as a total represents a percentage of 59% and therefore the ratio is 48:59.
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the following information relates to the jasmine company for the upcoming year, based on 400,000 units: amount per unit sales $ 8,000,000 $ 20.00 cost of goods sold 6,400,000 16.00 gross margin 1,600,000 4.00 operating expenses 600,000 1.50 operating profits $ 1,000,000 $ 2.50 the cost of goods sold includes $2,400,000 of fixed manufacturing overhead; the operating expenses include $200,000 of fixed marketing expenses. a special order offering to buy 50,000 units for $15.00 per unit has been made to jasmine. fortunately, there will be no additional fixed costs associated with the order and jasmine has sufficient capacity to handle the order. how much will operating profits increase if jasmine accepts the special order? multiple choice $200,000 $125,000 $250,000 $50,000
Answers
Accepting the special order would cause operating earnings to fall by $50,000, negating the positive operating profits increase. The right answer is $50,000.
We must contrast operational profits with and without the special order in order to assess the impact of accepting it.
The operating earnings would be: in the absence of the order.
Gross margin minus operating expenses equals operating profits.
Operational Profit = $1 million
Jasmine would gain the following additional income from the order:
Extra Income = 50,000 units multiplied by $15.00 per unit.
$750,000 in extra revenue
Yet, the extra 50,000 units of manufacturing will result in variable expenses for Jasmine.
The fixed costs of the order are unchanged; there are no new fixed expenses. Hence, these would be the new operating profits:
New Operational Earnings = Variable Costs - Operating Expenses - Gross Margin + Additional Revenue
New Operational Earnings = $1.6 million plus $750,000 minus $800,000 minus $600,000.
Earnings from new operations = $950.000
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(PLEASE HELP) Why might someone choose to own a business rather than simply working as an employee at one? Compare and contrast the advantages and disadvantages that come with owning a business and discuss. Explore why you personally would or would not like to own a business one day.
Answers
Answer: Being a business owner can be extremely rewarding. Having the ... More importantly, you have the freedom to make the decisions that are crucial to your own business success.
Explanation:
:)
In a certain textile firm, labour is the only short-term variable input. The manager notices that the marginal product of labour is the same for each unit of labour, which implies that 1. 2. 3. 4. the average product of labour is always greater that the marginal product of labour. the average product of labour is always equal to the marginal product of labour. the average product of labour is always less than the marginal product of labour. as more labour is used, the average product of labour decreases
Answers
As more labour is used, the average product of labour decreases.the correct interpretation is that as more labour is used, the average product of labour decreases.
The statement that the marginal product of labour is the same for each unit of labour implies that the firm is experiencing constant returns to scale in the short run. In such a scenario, as more units of labour are added, the total output will increase, but at a diminishing rate. This means that the additional output contributed by each additional unit of labour, i.e., the marginal product of labour, remains constant.
In a situation of diminishing marginal returns, where the marginal product of labour remains constant or even decreases, the average product of labour (total output divided by the number of units of labour) will also decrease. This is because the additional output from each additional unit of labour becomes progressively smaller.
Therefore, the correct interpretation is that as more labour is used, the average product of labour decreases.
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Kimberly is responsible, worthy of trust, and consistent in her performance at work. Her employers know that they can count on her. Kimberly demonstrates _____.
initiative
dependability
time management
conflict resolution
Answers
Answer:
dependability
Explanation:
When others can rely on you, it shows you are dependable. Dependability is a state where others trust a particular person will deliver. It is convincing others to have full confidence in you and your abilities.
Through previous actions, Kimberly has demonstrated that her employers can rely on her entirely. She has convinced her employers without any doubts that they can depend on her.
How is marginal analysis used
Answers
Answer:
Decision making
Explanation: Companies use marginal analysis as a decision making tool to help them maximize their potential profits.←
"A pattern day trading account has a high market value during the day of $200,000 and has a "0" position at the end of the day. The minimum maintenance margin requirement is:"
Answers
Answer:
C. $50,000
Explanation:
These are options for the question;
maintenance margin requirement is:
A. 0
B. $25,000
C. $50,000
D. $100,000
From the question, we were told that a pattern day trading account has a high market value during the day of $200,000 and has a "0" position at the end of the day.
There is a standard of minimum margin rule by FINRA for market value and this minimum margin is either the same or more than 25% , or more than a value of $25,000,
But we are given a high market value of $200,000 thenThen the minimum maintenance margin requirement is:"
$200,000 x 25%
= $200,000×(25/100)
= $50,000
explain the relationship between occupation and education with example
Answers
Answer:
People who do not qualify for a particular job are given education through training in order to gain the needed knowledge for that particular job. As students, we go to school in order to be educated for future jobs. Good education on a job gives a better understanding and this brings out an excellent delivery of work.
Explanation:
More consistent and extended education leads to more job opportunities, increased income, and the ability to change one's economic status. Education has not only a connection to sanitation and hygiene elements in informal settlements but also to general career development.
Select the correct answer.
Ahmed has been running a laundry service in his neighborhood for the past eight years. He picks up soiled clothes and delivers washed and ironed clothes at the customers’ doorsteps. A transporter who offers to pick and deliver customer clothes at a cheaper rate than his current transporter approaches him for a business deal. What do you think Ahmed should do in such a case?
A.
immediately discontinue services of the current transport person
B.
continue the services of the current transport person forever
C.
delay the payments of the current transport person so that he willingly discontinues his services
D.
wait until the contract with the current transport person ends before using the new transport person
Answers
Answer:
D) wait until the contract has ended
The A-B-C Approach to Inventory Classification
Read the overview below and complete the activities that follow.
An important aspect of inventory management is that items held in inventory are not of equal importance in terms of dollars invested, profit potential, sales or usage volume, or stockout penalties. It would be unrealistic to devote equal attention to every item. Instead, a more reasonable approach is to allocate control efforts according to the relative importance of various items in inventory.
Answers
An important aspect of inventory management is that items held in inventory are not of equal importance in terms of dollars invested, profit potential, sales or usage volume, or stockout penalties.
Out-of-stock occurs when we run out of stock of a particular item. Out-of-stocks can occur anywhere in the supply chain, but they have the greatest impact on retail shelves and profits when they occur when customers are about to buy.
Inventory Percentage is the percentage of items that are not available when needed for sale. It is calculated by dividing the number of items that are not in stock by the total number of items that are in stock. Average inventory levels are around 8% and increase when products go on sale. A high out-of-stock rate can lead to a significant loss of sales.
Stockouts often occur due to delivery bottlenecks and poor inventory management. Another out-of-stock scenario occurs when a retailer has a product in stock in its warehouse but is unable to purchase the item when a customer requests it.
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Quantitative industry-attractiveness scores can be calculated based on
Multiple select question.
- the presence of cross-industry strategic fit.
- emerging threats and opportunities.
- current long-term interest rates.
- market size and projected growth rate.
Answers
Current long-term interest rates are not typically used as a factor in calculating industry-attractiveness scores, as they are not directly related to the attractiveness of an industry. Option (b) and option (d) is correct answer.
Instead, factors related to market size, growth potential, and competitive dynamics are generally considered to be more relevant in determining the attractiveness of an industry.
To calculate quantitative industry-attractiveness scores, you should consider:
- Emerging threats and opportunities
- Market size and projected growth rate
These factors help in assessing the overall attractiveness of an industry by using measurable and objective data. The presence of cross-industry strategic fit and current long-term interest rates are not directly related to quantitative industry-attractiveness scores. Therefore correct answer is (b), (d).
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How does asset utilization ratios impact financial decision making?
Answers
Answer:
Answer to the following question is as follows;
Explanation:
The asset utilisation ratio determines how much income a firm earns for every dollar of assets it possesses. An increase in asset utilisation indicates that the firm is getting more value out of each dollar of its assets. This metric is commonly used to compare the effectiveness of a company over tenure.
Why does manufacturing's multiplier effect matter to an economy?
It offers a larger number of goods to choose from.
It has a greater impact than service industries.
It attracts global interest.
It prevents lost time and money.
Answers
Answer:
It has a greater impact than service industries.
Explanation:
What is the benefit of using a Likert scale in a customer survey?
A. It limits the customer to only ‘yes’ or ‘no’ options which makes it easier for them to complete
B. It allows customers to respond on a spectrum to demonstrate their feelings
C. It gives customers a range of options which can seem overwhelming and time consuming
Answers
Explanation:
The benefit of using a Likert scale in a customer survey is option B, as it allows customers to respond on a spectrum to demonstrate their feelings. Likert scales are a commonly used method of measuring attitudes or opinions in customer surveys. They present a series of statements or questions with a range of responses that are anchored on either end with opposite attitudes or opinions. Respondents can then choose the response that best represents their feelings, which can provide more nuanced data than simply using a "yes" or "no" option. This can provide more detailed insights into the customer's experience and help the business to better understand customer needs and preferences. Additionally, Likert scales can be more efficient than other survey methods as they are easy to administer and analyze.
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problem 6-27 discounted cash flow analysis [lo1] the appropriate discount rate for the following cash flows is 8 percent compounded quarterly. year cash flow 1 $ 870 2 950 3 0 4 1,540 what is the present value of the cash flows? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
The present value of the cash flow is $3,071.78. The inflow and outflow of cash within a business is known as cash flow.
To calculate the present value of the cash flows, we need to use the formula for discounted cash flow analysis:
PV = CF1/(1+r)^1 + CF2/(1+r)^2 + CF3/(1+r)^3 + CF4/(1+r)^4
Where PV is the present value, CF1 to CF4 is the cash flows in each year, r is the discount rate, and the exponents represent the number of periods from the present. Using the given information, we can plug in the values and calculate:
PV = 870/(1+0.08/4)^1 + 950/(1+0.08/4)^2 + 0/(1+0.08/4)^3 + 1540/(1+0.08/4)^4
PV = 870/1.02 + 950/1.0404 + 0 + 1540/1.1699
PV = 852.94 + 901.72 + 1317.12
PV = 3071.78
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A grandmother sets up an account to make regular payments to her granddaughter on her birthday. The grandmother deposits $20,000 into the account on her grandaughter's 18th birthday. The account earns 2.3% p.a. compounded annually. She wants a total of 13 reg- ular annual payments to be made out of the account and into her granddaughter's account beginning now. (a) What is the value of the regular payment? Give your answer rounded to the nearest cent. (b) If the first payment is instead made on her granddaughter's 21st birthday, then what is the value of the regular payment? Give your answer rounded to the nearest cent. (c) How many years should the payments be deferred to achieve a regular payment of $2000 per year? Round your answer up to nearest whole year.
Answers
(a) The value of the regular payment is $1,769.45 if the first payment is made on her granddaughter's 18th birthday.
(b) The value of the regular payment is $1,969.67 if the first payment is made on her granddaughter's 21st birthday.
Given, Amount deposited in the account on her granddaughter's 18th birthday = $20,000Interest rate = 2.3% compounded annually Regular payments = 13We have to find the value of the regular payment.
a) The present value of the 13 payments is $20,000 (initial deposit). Using the present value formula, we can calculate the regular payment:
$20,000 = P(1 - (1 + 0.023)^-13 / 0.023)P = $1,769.45
Therefore, the value of the regular payment is $1,769.45 if the first payment is made on her granddaughter's 18th birthday.
b) If the first payment is made on her granddaughter's 21st birthday, then the present value of the 12 payments is:
$20,000(1 + 0.023)^3 = $22,530.03
Using the present value formula, we can calculate the regular payment:
$22,530.03 = P(1 - (1 + 0.023)^-12 / 0.023)P = $1,969.67
Therefore, the value of the regular payment is $1,969.67 if the first payment is made on her granddaughter's 21st birthday.
c) To achieve a regular payment of $2,000 per year, we need to find the number of years for which the payments should be deferred. Using the present value formula, we get:
$20,000 = P(1 + 0.023)^n(1 - (1 + 0.023)^-13 / 0.023)
Where P = $2,000 and n is the number of years for which the payments should be deferred.
Solving for n, we get:
n = 8.83 years therefore, the payments should be deferred for 9 years (rounded up to the nearest whole year) to achieve a regular payment of $2,000 per year.
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WRITE IN YOUR OWN WORD. NO PLAGIARISM
PLEASE.
Question I - Brandon installs sheds and storage
buildings for Shedmax, LLC. Brandon must be at work each
day by 8:00 a.m. and is off at 5:00 p.m. and is
Answers
Brandon's fixed work schedule and transportation arrangements can impact his job performance, work-life balance, and job satisfaction.
Brandon's requirement to be at work by 8:00 a.m. and work until 5:00 p.m. without breaks may lead to fatigue and decreased productivity. The lack of scheduled breaks may also limit his ability to attend personal commitments or take necessary downtime during the workday, affecting his work-life balance. Moreover, the varying distances of job sites from his home can result in longer commutes, increased expenses, and potential stress. These factors can impact Brandon's punctuality, energy levels, and overall job satisfaction. To address these implications, Shedmax could consider implementing structured break times to improve productivity and well-being. Additionally, providing transportation assistance or incentives such as mileage reimbursement or company-provided vehicles could alleviate the challenges associated with commuting, enhancing Brandon's job satisfaction and overall work experience. Creating a supportive work environment that takes into account these considerations is crucial for promoting Brandon's performance and well-being.
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When a salesperson says or does something that creates agency such as giving advice to a customer, giving an opinion to a customer, or negotiating on the customer's behalf the licensee has:
Answers
Answer:
implied agency
Explanation:
The implied agency refer to an agency that is established from the principal and agent conduct. It develops the agency relationship. It is a real agency and a fact to be proved
Therefore as per the given situation since it is mentioned that at the time when the salesperson said or do something that establish the agency so this represent the implied agency
Therefore the same is to be considered
What the person above me said
Explanation:
i just took the asignment.
Jake receives a portion of his income from his holdings of interest-bearing U.S. government bonds. The bonds offer a real interest rate of 4.5% per year. The nominal interest rate on the bonds adjusts automatically to account for the inflation rate.
Given the real interest rate of 4.5% per year, find the nominal interest rate on Sean's bonds, the after-tax nominal interest rate, and the after-tax real interest rate under each inflation scenario.
Inflation Rate Real Interest Rate Nominal Interest Rate After-Tax After-Tax
Nominal Interest Rate Real Interest Rate
(Percent) (Percent) (Percent) (Percent) (Percent)
2.0 4.5
8.5 4.5
Compared with lower inflation rates, a higher inflation rate will the after-tax real interest rate when the government taxes nominal interest income. This tends to saving, thereby the quantity of investment in the economy and the economy's long-run growth rate.
Answers
Answer:
First we find the nominal interest rate under the two scenarios. The formula is:
Nominal Interest Rate = Inflation Rate + Real Interest Rate
Nominal Interest Rate first scenario = 2.0 + 4.5
= 6.5
Nominal interest rate second scenario = 8.5 + 4.5
= 13
Now we find the after-tax nominal interest rate. The formula is:
After tax nominal interest rate = nominal interest rate x (1 - tax rate)
We will assume that the tax rate is 10%.
After tax nominal interest rate first scenario = 6.5 x (1 - 0.1)
= 5.85
After tax nominal interest rate second scenario = 13 x (1 - 0.1)
= 11.7
Finally, we find the after-tax real interst rate. The formula is:
The formula is the same as above, the only difference is that the real interest rates are used instead.
After tax real interest rate first scenario = 4.5 x (1 - 0.1)
= 4.05
After tax real interest rate second scenario = 4.5 x (1 - 0.1)
= 4.05
Tom is attempting to measure how his customers views his firm. To do this, he uses the balanced-scorecard framework because he knows that
Answers
Tom uses the balanced-scorecard framework because he knows that the the framework complements the financial measures with operational measures on customer satisfaction and internal operational efficiency.
What is the balanced-scorecard?The balanced-scorecard is a concept that includes non-financial operational data when using the financial metrics so that future financial performance can be calibrated based on many drivers of performance. Particularly, it measures:
Customer satisfactionInternal processes efficiencyOrganization’s innovation and improvement activities.Thus, as Tom attempts to measure customer satisfaction, the best tool to use is the balanced-scorecard framework.
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which of the following is a reason to have a phase gate review in a software project? group of answer choices to resolve issues that arise during configuration to compare project budget to actual spend to create a project charter to gather reporting requirements
Answers
A phase gate review in a software project serves the purpose of resolving issues that arise during configuration. It provides an opportunity to assess the progress of the project, ensure alignment with the project charter, and gather reporting requirements.
Comparing project budget to actual spend may also be part of the review process, but it is not the primary reason for having a phase gate review.
A phase gate review is a structured evaluation of a project's progress at key milestones or phases. It allows project stakeholders to assess the project's performance, identify any issues or risks, and make informed decisions about whether to proceed to the next phase or make necessary adjustments.
One of the main reasons for conducting a phase gate review in a software project is to resolve issues that arise during configuration. Configuration involves setting up and customizing the software according to the project requirements. The review provides an opportunity to identify any configuration challenges or conflicts and address them to ensure smooth implementation and functionality of the software.
Additionally, the phase gate review allows for the comparison of project budget to actual spend. This helps in monitoring the project's financial performance, identifying any budget overruns or deviations, and taking corrective actions as needed. However, it is not the sole reason for conducting the review.
Furthermore, the phase gate review is an appropriate time to revisit and assess the project charter. The project charter outlines the project's objectives, scope, deliverables, and stakeholders' expectations. By ensuring alignment with the project charter, the review ensures that the project remains on track and is meeting its intended goals.
Lastly, the phase gate review provides an opportunity to gather reporting requirements. It allows stakeholders to determine what information and metrics need to be tracked and reported to ensure effective project monitoring and communication.
In summary, a phase gate review in a software project is conducted to resolve configuration issues, compare project budget to actual spend, align with the project charter, and gather reporting requirements. While the comparison of project budget is important, it is not the sole focus of the phase gate review. The review serves as a critical evaluation point to ensure project progress and success.
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Question #7
Choose the era that best matches the statement given.
The ____ immediately followed the Great Depression.
Answers
Answer:
recession
Explanation:
The great recession followed the great depression
Review the table below. Highlight or circle the option for Property Damage coverage you would purchase. In the box below, explain why you chose your selection.
Helps you pay for another person's property (car, house, fence, mailbox, etc) in a car accident when you are at fault
No deductible, just pay your premium, and you are covered up to the limit
Basic
$15,000
$20
Moderate
$25,000
$45
Enhanced
$50,000
$60
Answers
I recommend selecting "Enhanced coverage", which offers $50,000 of Property Damage coverage at an annual premium cost of $60.
Why the selection is pickedAs it provides maximum coverage for property damage, I would choose this option because of its comprehensive nature - especially important if a car accident was my responsibility and damaged another party's assets.
While Basic coverage might be cheaper, $15,000 might not cover all costs related to property damage for more costly items like houses or cars. Moderate provides slightly more coverage than Basic option; while enhanced provides higher limits with minimal additional premium costs - both are worthwhile investments for added peace of mind and protection.
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How can a user change the range of cells that a Conditional Formatting rule applies to?
Clear the rule first and reapply it as it cannot be modified.
In the Conditional Formatting Rules Manager dialog box, edit the cell range for the rule in the Applies To section.
Clear all rules that have been applied to the worksheet or selected range by clicking on the Clear Rules button.
Right-click the cell range and select Update Conditional Formatting Rule from the menu list.
Which argument is not a valid filter?
Does not equal
This quarter
Filter by cell color
All of these are valid filter arguments.
Alex needs to create a function capable of counting item reference numbers that he is inserting into a spread sheet. The purpose of this function will be to keep track of inventory. How would Alex go about finding a function to do this?
Click the Home tab and use the Find & Select function to look for a function that counts items.
Access the Find dialog box using Ctrl + F to look for a function that counts items.
Press Shift + F3 to access the Insert Function dialog box to look for a function that counts items.
Enter the item reference numbers into the worksheet, and click the Sort button to count the items.
Which type of chart is most useful when a user is trying to visually represent sets of data as parts of a whole, such as product categories within total sales?
doughnut chart
bubble chart
pie chart
area chart
Top/Bottom Rules allow a user to apply conditional formatting to cells that fall within the top or bottom numbers or percentile. How many items will it allow the user to include in the rule?
the top or bottom 10 items or top or bottom 10% only
the top 10 items and top 10% only
the top or bottom 100 items only
any logical number of items or percentages in top or bottom value frames
What is the first step to creating a PivotTable?
Click the Insert Tab and insert a PivotTable.
Create or select data that needs to be analyzed.
Decide on which fields (column and row labels) to use to analyze the data.
Format the worksheet and click Insert Table.
Walt has selected data in a worksheet and inserted a chart. However, the chart is inserted right on top of the data set, and he cannot see the data. How should Walt most efficiently fix this situation?
Cut and paste the chart to a different worksheet or to a different part of the current worksheet.
Delete the current chart and first select a blank sheet or space before inserting the chart again.
Right-click the chart and select Move Below Data Table from the menu list.
Click View and zoom into the worksheet so the chart is easily visible.
How can a user remove or delete a PivotTable?
Select the PivotTable and click Clear All in the Actions group under the Options tab on the PivotTable Tools contextual tab.
Delete the worksheet that contains the PivotTable.
Select the columns and/or rows containing the PivotTable, and press Delete on the keyboard.
All of the options described are correct.
Which phrase is a comparison operator for inserting a not equal to argument in an IF, COUNTIF or SUMIF function?
<=
<>
><
>=
Which method is used to edit a function that has been created and inserted into a cell?
Double-click the cell containing the function, and make amendments to the function within the cell.
Click the cell containing the function, and click in the Formula Bar to make amendments to the function.
Click the cell containing the function, and click on the fx symbol to the left of the Formula Bar to launch the Function Arguments dialog box where amendments can be made.
All of the above methods can be used to edit a function that has already been inserted into a cell.
Where are the options to add or remove the background color of a chart located in Excel 2016?
under the Design tab in the Chart Layouts group
under the Design tab in the Chart Styles gallery
under the Format tab in the Shape Styles group
under the Layout tab in the Insert group
When a user inserts a PivotTable, where will it be inserted?
below the last row of data in the worksheet
next to the last column of data in the worksheet
above the first row of data in the worksheet
depends on whether the PivotTable is inserted into the current worksheet or a new worksheet and the current location of the cursor
What is not an option in the PivotTables Fields list?
Column labels
Report Filter
Values
Formulas
Answers
The way that user change the range of cells that a Conditional Formatting rule applies to Clear all rules that have been applied to the worksheet or selected range by clicking on the Clear Rules button.
What is Conditional Formatting?Conditional producing publications with computer software rule: The term "conditional producing publications with computer software rule" is described as a method that allows an individual to request formatting automatically, for instance, data bars, banner, and icons, etc., to individual or more than individual cells on the base of the cell advantage.
To remove conditional producing publications with computer software from specific containers, select the cells, click intensely Analysis button, and click Clear Format. To away all conditional producing publications with computer software from the entire worksheet,click the Conditional Formatting fastener on the HOME tab, point to Clear Rules, and click Clear Rules from Entire Sheet.
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the broccoli market is perfectly competitive. this means that the price of broccoli is than the price would be if the market was monopolistically competitive, and broccoli output is than if it was monopolistically competitive. a) higher; lower b) higher; higher c) lower; higher d) lower; lower
Answers
The broccoli market is perfectly competitive, this means that the price of broccoli is lower than the price would be if the market was monopolistically competitive, and broccoli output in the market is higher than if it was monopolistically competitive.
What is a monopolistic competition?A monopolistic competition refers to a type of imperfect competition that exist when there are many producers competing against each other but selling products that are differentiated from one another and hence are not perfect substitutes
A restaurants, hair salons, household items, and clothing are examples of industries with monopolistic competition.
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