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CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 9Chapter 9 Review Questions9-R3 Why is scheduling overtime a popular choice for getting projects back on schedule? Whatare the potential problems for relying on this option?Scheduling overtime is a popular choice for accelerating pro
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 9Chapter 9 Review Questions9-R5 How can a cost-duration graph be used by the project manager? Explain.Cost-duration graphs allow the project manager to identify the costs of reducing project time so thatcomparisons can be made with t
CSU Dominguez Hills - CIS - 550
25DG4103217205J AFC2252110 0001011IH15172026BE6923320 00057172059-E1255 263712 225211201211561717224843811CIS 550 / Chapter 9Chapter 9 Review ExercisesCIS 550 / Chapter 9CIS 550 / Chapter 9
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 9EBH251DI F A E BGCH2 24 3 3 5111DI F A E BGCH2 25 3 4 5211DI F A E BGCH3 25 4 5 5211DI F A E BGCH4 25 4 5 6211DI F A E BGCH4 25 4 5 7211DI F A E BGCH4 25 4 5 7212Chapter 9 Review ExercisesF BH D
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 9I3ACB E IDHG F4423 3333 5ACB E IDHG F4434 3433 5ACB E IDHG F4445 3433 5r 9 Review Exercises9-E5Initial Project Duration: 27 weeksTotal Direct Cost: $300Project Duration: 26 weeksChapteA C B EE F A C B F A C B F AD B
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 10Chapter 10 Review Questions10-R1 What is the difference between leading and managing a project?Managing a project is about coping with complexity, while leading is about coping with change. Goodmanagement brings about order and sta
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 10Chapter 10 Review Questions10-R2 Why is a conductor of an orchestra an appropriate metaphor for being a project manager?What aspects of project managing are not reflected by this metaphor? Can you think of othermetaphors that would
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 10Chapter 10 Review Questions10-R3 What does the exchange model of influence suggest you do to build cooperativerelationships to complete a project?The exchange model of influence is built on the concept of reciprocity and quid pro q
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 10Chapter 10 Review Questions10-R5 Why is it important to build a relationship before you need it?Its important to build relationships before they are needed because it is always easier to receive a favorafter you have granted one (p
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 10Chapter 10 Review Questions10-R7 Why is trust a function of both character and competence?Character alone will not engender trust. We must also have confidence in the competency of individualsbefore we really trust them (p. 333). A
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 10Chapter 10 Review ExercisesInternationalnvironmental GroupsLocal ResidentsAirlinesRegulatingandProjectLocalAirport HomeownersLocal GovernmentE BusinessesUnionsVendorsAgencies10-E4Dependency MapDepending on the economy of t
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 10Chapter 10 Review Exercises10-E6Jack NietzcheAlthough Jack will undoubtedly be upset that he wasnt promoted, I believe it is necessary to give him thebad news immediately in order to establish trust. Withholding the information in
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 11Chapter 11 Review Questions11-R1 What are the differences between the five stage model of team development and thepunctuated equilibrium model?The Five-Stage Team development model suggests that groups experience the following stag
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 11Chapter 11 Review Questions11-R2 What are the elements of an effective project vision? Why are they important?The four key elements to an effective project vision are communication, strategic sense, passion andinspiration. Essentia
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 11Chapter 11 Review Questions11-R5 When would it be appropriate to hold a formal team-building session on a project?A formal team-building session is appropriate when the project manger senses that the team isapproaching a transition
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 11Chapter 11 Review Exercise11-E2Decision-Making1) Casino NightAfter learning that Chunk of Coal has terminated operations and confirming for myself, Iwould (a) make the decision on my own with available information to donate the p
CSU Dominguez Hills - CIS - 550
CIS 550 / Week 11Chapter 12 Review Questions12-R1 Why do firms outsource project work?Firms may outsource project work for the following reasons: Cost reduction: Contracted services are competitively priced; especially if the work isdone overseas. Ov
CSU Dominguez Hills - CIS - 550
CIS 550 / Week 11Chapter 12 Review Questions12-R3 What does the term escalate refer to, and why is it essential to project success?Escalation is the primary control mechanism for dealing with and resolving problems. The basic principleis that problems
CSU Dominguez Hills - CIS - 550
CIS 550 / Week 11Chapter 12 Review Questions12-R5 What does the acronym BATNA refer to and why is it important to being a successfulnegotiator?BATNA stands for Best Alternative to a Negotiated Agreement and refers to the best alternative if anegotiat
CSU Dominguez Hills - CIS - 550
CIS 550 / Week 11Chapter 12 Review Questions12A-1 What are the fundamental differences between fixed-price and cost-plus contracts?A fixed-price contract under which the contractor agrees to perform all work specified in the contract for afixed price.
CSU Dominguez Hills - CIS - 550
CIS 550 / Week 11Chapter 13 Review Questions and Exercises13-R1 How does a Tracking Gantt chart help communicate project progress?A Tracking Gantt chart helps communicate project progress because it shows the actual time to completeprojects relative t
CSU Dominguez Hills - CIS - 550
CIS 550 / Week 11Chapter 13 Review Questions13-R3 Schedule variance (SV) is in dollars and does not directly represent time. Why is that stilluseful?Although schedule variance is in dollars and does not directly represent time, it is still very useful
CSU Dominguez Hills - CIS - 550
CIS 550 / Week 1113-E2EV = $600AC = $650PV = $560CVSVCPI= EV AC= $600 $650= -$50= EV PV= $600 $560= $40= EV / AC= $600 / $650= .92On day 51 the project is $50 over budget and ahead of schedule. $.92 worth of work is being completedfor ev
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 1313-E4Status Report: Ending Period 1Task% CompleteEVACPVCVSV150%66402240%683-23325%234-1-2141711-33EVACPVCVSVCumulative TotalsStatus Report: Ending Period 2Task% Complete1Finished121312-
CSU Dominguez Hills - CIS - 550
2746711001121732138003425284330275471100321152262131133754211713-E5CIS 550 / Chapter 13CIS 550 / Chapter 13CIS 550 / Chapter 13Status Report: Ending Period 1Task% Complete1Status Report: Ending Period 2Task
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 1313-E6Status Report: Ending Period 2Task% Complete1Status Report: Ending Period 4Task% Complete1FinishedCumulative TotalsStatus Report: Ending Period 6Task% CompletePVCVSV444004400EVACPVCVSV8108-208
CSU Dominguez Hills - CIS - 550
CIS 550 / Chapter 1313A-2Schedule informationESLFBaseline budget needsEVRuleACT/WPDURSLTotal PVTime period213052301532203120023404030153423721025427140163470301737100600123456789
CSU Dominguez Hills - CIS - 550
CIS 550 / Week 11Chapter 14 Review Questions and Exercise14-R1 How does the project audit differ from the performance measurement control systemdiscussed in Chapter 13?While project audits use performance measures and forecast data, they are generally
CSU Dominguez Hills - CIS - 550
CIS 550 / Week 11Chapter 14 Review Questions and Exercise14-R3 Why is it difficult to perform a truly independent, objective audit?It is difficult to perform a truly independent, objective audit because the very nature of auditing makes itpredisposed
CSU Dominguez Hills - CIS - 550
CIS 550 / Week 11Chapter 14 Review Questions and Exercise14-R5 Comment on the following statement: We cannot afford to terminate the project now. Wehave already spent more than 50 percent of the project budget.The statement above represents flawed rea
CSU Dominguez Hills - CIS - 550
CIS 550 / Week 1115-R1 How do environmental factors affect project implementation?Environmental factors can impact project selection and implementation but, if project managers have akeen awareness of differences in the host countrys environment from t
CSU Dominguez Hills - CIS - 550
CIS 550 / Week 1115-R2 What role do local intermediaries play in helping an outsider complete a project?Intermediaries who are familiar with the local culture and customs may be valuable in helping an outsiderbridge the gap in cultures in order to comp
CSU Dominguez Hills - CIS - 550
CIS 550 / Week 1115-R5 How should you go about preparing yourself for an international project?Preparing for an international project requires serious preproject homework. Understanding themotivation of the firm in selecting the project and site; which
CSU Dominguez Hills - CIS - 550
0 124330BGKI4.33972.7242.7408 2.73443204.3929.712Activ7 3272.743ityABCDEFGHIJK7 23 0 12123832C FH A DEJ1238 5.332234330020 0 020 7 25 0 121438327 7 5 7 201161238 5.332254332CIS 550 / Chapter 8Case: Inte
CSU Dominguez Hills - CIS - 550
Maggie Jones / CIS 550 / Week 1Jarvis Communication Corporation Case StudyMissionTo be the primary provider of communication products in the United States.Strategy 1In order to fulfill this mission I propose three strategies. First, Jarvis Communicat
Kent State - ACCT - 23020
Balance SheetCurrent assets:Accounts receivable$,$Less: Allowance forUncollectible Accounts( $,$)Accounts receivable, net$,$Methods to Estimate UncollectiblesPercent-of-sales Expense is estimated based on credit sales Income Statement approach
Kent State - ACCT - 23020
Accounting for Inventory Items held by the company for re-sale Current asset on the Balance Sheet Items sold shifted to Cost of Goods Sold Expense on the Income Statement Sales revenue based on retail price of inventory Cost of Goods Sold based on c
Kent State - ACCT - 23020
Inventory Costing Methods Specific-unit-cost Average cost First-in, first-out (FIFO) Last-in, first-out (LIFO)Specific-unit-cost Each item in inventory can be separately identified Used for unique items Cars, fine jewelry Too expensive for homoge
Kent State - ACCT - 23020
Increasing CostsCost of goods sold FIFO lowest Based on older costs LIFO highest Based on recent costsEnding inventory FIFO highest Based on recent costs LIFO lowest Based on older costsOpposite relationships exist whencosts are decreasingTax
Kent State - ACCT - 23020
Use gross profit percentage and inventory turnover to evaluate operationsGross Profit Percentage Key indicator of ability to sell inventory at a profitSales Cost of Goods Sold = Gross profitInventory Turnover How many times a company sells its averag
Kent State - ACCT - 23020
E6-26Beginning inventory$48,000Net purchases$106,000Goods available$154,000Sales$ 200,000x Cost ratio_%= Estimated COGS$ _Estimated ending inventory$34,000Show how inventory errors affect the financial statementsEffects of Inventory Er
Kent State - ACCT - 23020
Plant Assets and IntangiblesCategories of Long-Lived Assets Plant assets Tangible Include land, buildings and equipment Intangible assets Carry special rights without physical substance Include patents, copyrights and trademarksPlant Asset Termino
Kent State - ACCT - 23020
Lump-Sum Purchases Companies purchase several assets in a group for one price Cost is allocated to individual assets by on their market valuesCapital Expenditure vs.Immediate ExpenseCapital Expenditure Increase capacity or extend life Examples: Ma
Kent State - ACCT - 23020
Depreciation for Tax Purposes Most companies use straight-line for external reporting Most companies use accelerated depreciation for tax purposes Modified Accelerated Cost Recovery System (MACRS) Larger deductions early in assets lives helps reduce t
Kent State - ACCT - 23020
Account for natural resources and depletionNatural Resources Come from the earth Oil, minerals, coal and timber Depletion records the expense related to extracting the natural resource Similar to units-of-production depreciationAccount for intangibl
Kent State - ACCT - 23020
Goodwill Very specific meaning in accounting Only recorded when an entire business is purchased Purchase price exceeds fair value of net assets of business Represents earning power of purchased business Not amortizedE7-27Purchase price of MySpace$
Kent State - ACCT - 23020
Report plant asset transactions on the statement of cash flowsPlant Assets and Cash Flow Statement Operating section Depreciation, amortization and depletion are noncash expense Added back to net income to determine operating cash flows Investing sec
Kent State - ACCT - 23020
Current Portion of Long-Term Debt Some long-term debt is paid in installments Any amount due in the upcoming year is reclassified as a current liabilityCurrent Liabilities That Are Estimated (Amounts Unknown)Estimated Warranty PayableContingent Liabi
Kent State - ACCT - 23020
Bond TermsPrincipalAmount borrowed; usually in $1000 unitsAlso called face value, or par valueMaturity DateDate bond is due; 5, 10 or 20 year termsare commonInterestCompany must pay bondholders interestin regular intervals over the term of the bo
Kent State - ACCT - 23020
Issuing Bonds at a Discount If stated interest rate of bonds is less than market interest rate, bondholders willnot pay face value for bond Market price of bond drops below face value Cash received from bond issue is less than face valueIssuing Bonds
Kent State - ACCT - 23020
Recording Interest on Bonds Issued at a DiscountReferring to the previous example, interest expense on July 1 would be recorded asfollows:Interest expense is debited for the carrying amount x market rate x 1/2Cash is credited for the face value x stat
Kent State - ACCT - 23020
Interest Expense on Bonds Issued at a Premium The company pays interest based on only the face value even though itreceived more than face value.Interest Expense = Carrying Amount of Bond x Market Interest Rate Premium is amortized (reduced) over the
Kent State - ACCT - 23020
Understand the advantages and disadvantages of borrowingFinancing Operations with Bonds or Stock When a company needs funds, they can raise money by: Issuing stock No liabilities or interest expense Less risky More costly Issuing bonds or notes Do
Kent State - ACCT - 23020
Times-Interest-Earned Also called interest-coverage ratio Relates income to interest expenseTimes-Interest-Earned Also called interest-coverage ratio Relates income to interest expenseLeases Leaserental agreement in which the tenant (lessee) agrees
Kent State - ACCT - 23020
Capital Leases Long-term noncancelable debt Four criteria Title transfers to lessee at end of lease Lease contains a bargain purchase option Lease term is 75% or more of assets life Present value of lease payments is 90% or more than fair value of l
Kent State - ACCT - 23020
Classes of StockCommon Basic form of common stock Have rights of ownership Benefit most of company succeeds Risk most if company does not succeedPreferred Have preference in receiving dividends and assets in case of liquidation Hybrid between comm
Kent State - ACCT - 23020
In-Class Exercise#6SACCT 230201. Whatinventory costing method did Pier 1Imports use during the year ended 12/31/06?2. Whatis the inventory turnover ratio for Pier1 for 2006? (COGS/Average Inventory)3a. What was Pier 1s Gross Profit % for 2005and
Kent State - ACCT - 23020
In Class Exercise #7SACCT 230201.What depreciation method does Yum!Brands use?2.How much goodwill does Yum! Have onits financial statements in 2005 and 2006?3.Where did the goodwill come from andhow is it amortized?4. How does Yum! Account for
Kent State - ACCT - 23020
In-Class Exercise#2-ICE#2ACCT 230201. a.What independent CPA firm auditedYUM! Brands, Inc for Fiscal Year EndedDecember 30, 2006?b. What was their opinion of the FinancialStatements?2. a. Who is primarily responsible for theaccuracy of financial
Kent State - ACCT - 23020
In-Class Exercise #5SACCT 230201a. What were the two sources of sales revenuefor Yum! Brands for 2006?b. When do they recognize revenue from eachsource?2. a. Calculate Yum!s Quick ratio(Acid Test)for FYE 2005 and 2006.b. Evaluate the ratio.(What d
Kent State - ACCT - 23020
In Class Exercies(ICE) # 7ACCT 230201a. Calculate Yum! Brands, Inc Times-InterestEarned Ratio for 2005 and 2006.(Operating Income/Interest Expense)1b. Is the ratio getting better or worse? Whatdoes it measure?(pg444)2a.Calculate YUM!s Debt ratio fo