...Week 4 Essay Questions Essay Question #1: What is your total budget for this project? Was the project within the budget as set forth by the board of directors? In the Microsoft Project that I have compiled it gives an estimated total budget of $2,631,468 which is $118,562 dollars less than the total approved budget for the Huntsville Project of $2,750,000 as set forth by the board of directors. This amount would be under the approved budget. Essay Question #2: What is your budget for the Planning Phase? What is the Planning Phase duration in weeks? The Budget for the Planning Phase is $283, 882. The planning phase is to be completed in 10 weeks consisting of 1,066 hours. The planning phase breaks down as followed: Task Name Fixed Cost Fixed Cost Accrual Total Cost Recruit and Train Managers $0.00 Prorated $4,608.00 Select Real Estate Consultant $0.00 Prorated $1,096.00 Create Pre-Production Plan $0.00 Prorated $3,272.00 Create Production Plan $0.00 Prorated $3,504.00 Establish Building concept $0.00 Prorated $4,312.00 Create Building Design $32,000.00 Prorated $34,568.00 Procure Site $216,000.00 Prorated $221,952.00 Select General Contractor $0.00 Prorated $1,732.00 Obtain Permits & approval $3,200.00 Prorated $7,574.00 Essay Question #3: What is your budget for the Preparation Phase? What is the Preparation Phase duration in weeks? The Budget for the Preparation Phase is $1,282,442. The planning phase is to be completed in 47 weeks consisting of...
Words: 541 - Pages: 3
...Week 4 Questions Pg. 249 1.) The difference between supply chain management and demand management is the area of focus for the business. Supply Chain management, manages the life cycle of the product production from supplier to customer. In other words from purchasing , through production and to logistics.In Demand management, the company manages the customer needs to design, price, market, distribute and determine the amount of products to produce. This allows the company to create or mange demand of set products. 2.) Big Mac - people need food - food sourced - transport - food production - transport - restaurant stocked - food prep and cook - food delivery to customer Gasoline - machines require gasoline - oil sourced - transport - oil stored - transport - oil arrives at stations for storage - oil disbursed as customers come Auto Repair - car breaks - mechanic sourced - transport - mechanic provides repair - customer comes back to get auto Text book - information needed - textbook written - published - printed - distributed - sold – read 3.) Supply chain management is important to study because it involves the management of processes that not only is internal processes but also requires the integration and coordination of materials moving in and out of the supply chain to meet customer needs. 4.) Lead time plays an important part of the supply chain performance. Lead time is the time it takes to deliver a product from the time the...
Words: 1399 - Pages: 6
...Nova Southeastern University Wayne Huizenga Graduate School Of Business & Entrepreneurship Assignment for Course: MGT 5170 Apply Strategy for Managers Submitted to: Ronald Steffel Submitted by: Tiffany Gordon Shameka Moss Jose Tavarez Roiner Ruiz Date of Submission: April 3, 2016 Title of Assignment: Week 4 Linking Questions CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledge and disclosed in the paper. I have also cited any sources from which I used data, ideas of words, whether quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. Student Signature: ____Group C_______________________ ******************************************* Instructor’s Grade on Assignment: Instructor’s Comments: What hard evidence can you cite that indicates your company's strategy is working fairly well (or perhaps not working so well, if your company's performance is lagging that of rival companies)...
Words: 976 - Pages: 4
...ACC 205 Question 2 – Assignment a. Prepare journal entries to record the transactions. 12/1 Borrowed $20,000 from the First City Bank by signing a 3- month, 15% note payable. Interest and principal are due at maturity. Dr Cash $20,000 Cr Notes payable $20,000 12/10 Established a warranty liability for the XY-80, a new product. Sales are expected to total 1,000 units during the month. Past experience with similar products indicates that 2% of the units will require repair, with warranty costs averaging $27 per unit (parts only). Dr Warranty expense 540 (1,000 x 2% x $27) Cr Warranty liability 540 12/22 Purchased $16,000 of merchandise on account from Oregon Company, terms 2/10, n/30. Dr Merchandise inventory $16,000 Cr Accounts payable $16,000 12/26 Borrowed $5,000 from First City Bank; signed a 15% note payable due in 60 days. (Assume 360 days for daily interest calculation) Dr Cash $5,000 Cr Notes payable $5,000 12/31 Repaired six XY-80s during the month at a total cost of $162. Dr Warranty liability $162 Cr Cash $162 12/31 Accrued 3 days of salaries at a total cost of $1,400. Dr Salaries expense $1,400 Cr Salaries payable $1,400 b. Prepare adjusting entries on December 31 to record accrued interest for each of the notes payable First City Bank $20,000 x 15% x 1/12 = $250 (being 1 mth's interest) $5,000 x 15% x 5/360 = $10.42 (being int. for 5 days) Dr Interest expense $260.42 Cr Interest payable $260.42 Hope...
Words: 280 - Pages: 2
...people will use the report? * NO FEED BACK * Poor Error messages. The consequences of a report with these errors may be: * Waste of time and money. * User confusion * Hard to understand forms * Hard to understand reports * Repetitive data. * Not knowing how to fix error. * No very trustful data – unnecessary data. A prototype is an example that serves as a basis for future models. Prototyping gives designers an opportunity to research new alternatives and test the existing design to confirm a product’s functionality prior to production. A prototype has many benefits, such as the developer and the implementer getting valuable feedback from the user even before the actual project is started. * 4. Given the guidelines presented in this chapter, identify flaws in the design of the Report of Employees shown below. What assumptions about users and tasks did you make in order to assess this design? Redesign this report to correct these flaws. Em_ID | Name, Title | 0124543 | John Smith, VP Marketing | 2345645 | Jared Wright, Project Manager | 2342456 | Jennifer Chang, Systems...
Words: 426 - Pages: 2
...From the scenario for Katrina’s Candies, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs. Recommend the key decision-making criteria that Katrina’s Candies should use for expansion decisions in the short run and in the long run. Provide rationale for your response. Relevant costs are those that are avoidable or can be eliminated by choosing one alternative over another. Relevant costs are also known as differential, or incremental, costs. In general, variable costs are relevant in production decisions because they vary with the level of production. Likewise, fixed costs are generally not relevant, because they typically do not change as production changes. However, variable costs can remain the same between two alternatives, and fixed costs can vary between alternatives. For example, if the direct material cost of a product is the same for two competing designs, the material cost is not a relevant factor in choosing a design. However, other qualitative factors relating to the material, such as durability, may still be relevant. Likewise, fixed costs can be relevant if they vary between alternatives. Consider rent paid for a facility to store inventory. Although the rent is a fixed cost, it is relevant to a decision to reduce inventory storage costs through justin-time production techniques if the cost of the rent can be avoided (by subleasing the space, for example) by choosing one alternative over another...
Words: 1755 - Pages: 8
...GEN/200 Week 4 Discussion Questions 1. In this age of electronic communications such as cell phones, text messaging, and e-mail, what is the role of formal writing? How do you think these digital communication methods influence the writing process? In this age of electronic communications, people always use cell phones, text messaging, and e-mail every day. The communication through e-mail and text messages is not formal writing because people often use basic language or symbols in quick and simple way to exchange a few words with each other. These communications will limit the ability to perform formal writing in both the academic and profession environments. During the writing process, people tend to make errors such as misspell words, no punctuation, and grammar. These errors will make the reader confuse and unable to understand the main point of the paper. In conclusion, people should practice writing proper English in the daily electronic communications. It will help them success in both the academic and profession environments. 2. How do you think presenting information differs from writing a paper on that same information? Although the information for the research stays the same, the writing paper and the presentation are different by the way of individual deliver the information to the audiences. Writing paper provides the sources to show how reliable of information and helps determine the bias based for it. On other hand, presentation cannot...
Words: 289 - Pages: 2
...Problems and Exercise Questions for Week 4 1. Chapter 7, Problems/Exercises, Questions 5, 16, and 17 (post in the “Week4: Problems and Exercise” DropBox). 5. Study the E-R diagram of Figure 7–20. Based on this E-R diagram, answer the following questions: (5 points) a. How many PROJECTs can an employee work on? As we see the sign for mandatory many there are 2 entity with 2 entity type b. What is the degree of the includes relationship? Between Tool and Task we got Binary Relationship Many to many if say” tools”, otherwise it will be one to many. c. Are there any associative entities on this diagram? If so, name them. No. between tools and city we do not need to have any associative entities. An associative entity is a relationship that the data modeler chooses to model as an entity type d. How else could the attribute Skill be modeled? We can use a multivalued attribute may take on more than one value for each entity Project _ID-Employee_ID Task_ID all in one box e. Is it possible to attach any attributes to the Includes relationship? Tasks require Time and Skill, and have to be done in the city by an employee who has an ID and carries tools. f. Could TASK be modeled as an associative entity? Yes it can as our book explain: An entity type that associates the instances of one or more entity types and contains attributes that are peculiar to the relationship between those entity instances. 16. The owner of two pizza parlors...
Words: 594 - Pages: 3
...Which of the four operations on functions do you think is the easiest to perform? What is the most difficult? Explain why. The operation of adding function is easiest to perform because we can only combine like terms. If there are no other like terms within the operation that constant or variable remains as is. For example f(x) = 3x^2 + 1, g(x) = 3x +2. Solve (f+g)(x) = f(x) + g(x). (3x^2 + 1) + (3x + 2) = 3x^2+3x+1+2 = 3x^2 + 3x+ 3 In this equation 3x^2 and 3x, although similar are not alike so they cannot be combined. The most difficult operation to perform is multiplying functions because we also have to remember the properties of multiplying exponents. There is more work that has to be evaluated when it comes to multiplying functions. Is the compound interest formula—such as would be used to calculate a car loan—an example of a function? If yes, of what type of function is it an example? Why might you identify it with that type of function? Yes, a compound interest formula used to calculate a car loan is an example of a function. The compound interest formula is A = P(1 + r/n)^(nt) and would be considered an exponential function because P, r, and n are all fixed variables/ constants and t appears as the exponent which would be the changing variable. The function would then be written as A(t)= P(1 + r/n) ^ (nt) A= accumulated amount, t = the number of years, P = the beginning principal, r = the annual interest rate and n = the number of compounding periods...
Words: 653 - Pages: 3
...AMBA 610 Question 1 Week 4 University of Maryland University College 1. What are the differences in the design models? Compare and contrast the standard airline organizational functional structure model with the hybrid structure based on independent business units Functional Structure: • All functions report directly to a CEO (centralized authority) • People with the same set of skills are group together (individual specialization) • Characterized by horizontal differentiation • Peers in the same function can supervise each other (as per Jones, chapter 15) • Likely to develop norms to increase effectiveness and develop core competencies, and to use standards as a measure of productiveness. • As business becomes more differentiated, the functional model can develop problems with effective communication, measurements, locations, new customer groups, and strategic problems. Hybrid/Business Unit Structure: • Each “unit” reports to a manager, who is then responsible to the corporate center and CEO (decentralized authority) • People are grouped into “functions” according to market/customer demands, and work to achieve goals together (joint specialization) • Characterized by an increase in both vertical AND horizontal differentiation from the functional model. (vertical is 3 levels instead of 2, horizontal is 12 functional groups instead of 9) • Tasks are coordinated through mutual adjustment, with the different business units working together to increase efficiency...
Words: 466 - Pages: 2
...ACC 340 WEEK 4 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-340-week-4-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 340 WEEK 4 DISCUSSION QUESTION 1 What are the steps in the SDLC? Which is most important? What are the ramifications of skipping one of these steps? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 340 Week 4 Discussion Question 1 in order to ace their studies. ACC 340 WEEK 4 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-340-week-4-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 340 WEEK 4 DISCUSSION QUESTION 1 What are the steps in the SDLC? Which is most important? What are the ramifications of skipping one of these steps? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 340 Week 4 Discussion Question 1 in order to ace their studies. ACC 340 WEEK 4 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-340-week-4-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 340 WEEK 4 DISCUSSION QUESTION 1 What are the steps in the SDLC? Which is most important? What are the ramifications of skipping one of these steps? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 340 Week 4 Discussion Question 1 in order to ace their studies. ACC 340 WEEK 4 DISCUSSION...
Words: 517 - Pages: 3
...ACC 290 WEEK 4 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-290-week-4-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 290 WEEK 4 DISCUSSION QUESTION 1 How would you calculate cost of goods sold? What items make up cost of goods sold? How does beginning and ending inventory affect cost of goods sold? What are the journal entries a merchandising organization would use to record the purchase and subsequent sale of merchandise? How would these transactions differ with a periodic versus a perpetual inventory system? Why are perpetual inventory systems so much more popular today than back in the early 1960s and earlier? Why would a company employing a perpetual inventory system still take a physical inventory periodically? Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 290 Week 4 Discussion Question 1 in order to ace their studies. ACC 290 WEEK 4 DISCUSSION QUESTION 1 To purchase this visit here: http://www.nerdypupil.com/product/acc-290-week-4-discussion-question-1/ Contact us at: nerdypupil@gmail.com ACC 290 WEEK 4 DISCUSSION QUESTION 1 How would you calculate cost of goods sold? What items make up cost of goods sold? How does beginning and ending inventory affect cost of goods sold? What are the journal entries a merchandising organization would use to record the purchase and subsequent sale of merchandise? How would these transactions differ with a periodic versus...
Words: 943 - Pages: 4
...In the file MGT 437 Week 4 Discussion Questions 2 you can find right answers of the following task: "Based on your readings and the discussions this week, please share with the class: what specific concept/topic/idea you would teach someone about what you learned in the course this week?" Business - Management Week One: Project Definition Details Due Points Objectives 1.1 Determine the importance of project management in the current business environment. 1.2 Determine the goals and purpose of a project in terms of the triple constraints. 1.3 Determine the stakeholders of the project. 1.4 Develop project scope. 1.5 Analyze the relationships among organizational culture, project structure, and project resources. Readings Read Ch. 1, 11, 16 of Project Management: A Systems Approach to Planning, Scheduling, and Controlling . Read Ch. 2 of Project Management: A Managerial Approach. Read the Week One Read Me First. Read this week’s Electronic Reserve Readings. Participation Participate in class discussion. All Week 1 Discussion Questions Respond to weekly discussion questions. DQ – 1 DQ – 2 DQ – 3 Day 2 Day 4 Day 6 3 Individual Project Management Paper Write a 1,050- to 1,400-word...
Words: 313 - Pages: 2
...Week 2 Problems/Exercises: Chapters 3 & 4 Michael LaBarge DeVry University Chapter 3 2. List and describe the common skills and activities of a project manager. Which skill do you think is most important? Why? Common skills of a project manager include: interpersonal skills, leadership skills and technical skills. Interpersonal skills include the skills needed to effectively communicate with others what needs to be done and the process that should be taken to get it done. Leadership skills are important because as the project manager is in charge of the project, they must be able to successfully lead their team from initiation to completion of the project as efficiently as possible. Technical skills are the skills needed to understand all aspects of the system that is to be created or modified and what it takes to make that happen. Common activities of a project manager include: leadership, management, customer relations, technical problem solving, conflict management, team management and risk and change management. I believe that the most important skill that a project manager must possess is leadership. I think that with the right team, the PM can get assistance on the interpersonal and technical aspects of the project. However without the proper leadership, even the best team will ultimately fail, or at least have many difficulties. Also, many of the activities that a project manager must do are leader/management based. 4. Describe the activities performed by...
Words: 766 - Pages: 4
...In the file ACC 561 Week 5 Discussion Question 4 you will find right answers on the following task: "What are variances and why do these occur? When should one investigate budget variances? What factors would you consider when deciding whether to investigate a variance? As a manager, how you would you handle variances?" Business - Accounting DQ 01: Please post a response only between 200 – 300 words to the following discussion question What is a flexible budget? What types of organizations may use flexible budgets? Why are flexible budgets useful? Next, imagine you are preparing a business’s cash budget, which involves determining the amount of cash to keep on hand. How might the nature of the business affect your decision? Provide specific examples in your response DQ 02: Please post a response between 200 – 300 words to the following discussion question. What are variances and why do these occur? When should one investigate budget variances? What factors would you consider when deciding whether to investigate a variance? As a manager, how you would you handle variances? Should managers be punished or rewarded depending on the variances in their departments? Budgets- DQ 03: Imagine you are preparing a business’s cash budget, which involves determining the amount of cash to keep on hand. How might the nature of the business affect your decision? Provide specific examples in your response. Responsibility Reports and Standard...
Words: 367 - Pages: 2
