Essay on Brick and Mortar Nostalgic Record Store

* Partial Revenue Recognition method would recognize the sale and extended warranty at the time of sale. And the rest of the contract revenue will be deferred and recognized when the contract period is complete. This method is acceptable for financial reporting in few situations. The calculation is based on the estimated cost of the product and extended warranty. This method allows the company to recognize most of the revenue at the time of sale, and allows some future revenue recognition.

risks and determine the likelihood and consequence of that risk occurring during the project. The

EEC calculated the amount of time involved the anticipation of its cost ($3 million). The timeline in recovering their cost of investment ($2 million) initially for the foundation of this investment any profit made in the future of this investment will be justified as a profit for the company. If EEC can anticipate a fast return on its investment it is a profitable wise decision in making the investment financial, it is considered to be an easier way of formulating investments financially. On the basis of one year all cash flows is added together equal to the sum of $2 million originally invested, then it is divided by the annual cash flow of $500,000. The calculation of the payback period would equal four years. After this time frame any financial proceeds will be considered profitable for the company. I conclude that the timeframe is adequate in comparison of the investment in this worthwhile investment financial venture for the company.

1) Identify potential risks associated with this project. Try to come up with at least five different risks.

4. Availability of technical, financial, and other resources needed to complete it, and to use or sell it 5. The way in which the future economic benefits will be generated; including the existence of a market for the asset if it will be sold, or its usefulness to the entity if it will be used internally

Below we will address each risk as well as explain why we think each risk is important to consider when implementing a project.

Maximizes the life cycle for each corporate asset thereby obtaining maximum return on the capital investment

Project Scope Description This section of the estimate basis should be organized to correspond with the project’s work breakdown structure (i.e., plant, building, floor, etc.). A semi-detailed description of the scope of work should be provided for each major segment of the project. Identify any major pieces of process equipment or components. It’s also good practice to indicate the primary trades that will be involved with the project. Be as thorough as necessary, without being overly descriptive, so as to adequately explain the scope of work being estimated. Methodology The BOE should indicate the primary estimating methodology used to prepare the cost estimate. This should include documentation of the use of cost resources, historical data and project benchmarking. Documenting the level of effort or man-hours used in preparation of the estimate may also be helpful. Estimate Classification The AACE International estimate classification should be identified, along with reasons or justification used in the selection of the estimate classification. Design Basis Company standards will typically specify the technical and project information required for the classification of the estimate that is being prepared. In this section, the estimator will identify the types and status

Any goals or missions that you or your department may want to accomplish or that develop as the project moves forward.

In order to perform project risk management effectively, the organization or the department must know the meaning of the risk clearly. With regards to a project, the management must focus on the potential effects on the objectives of the project, for example, cost and time (Loosemore, Raftery and Reilly, 2006). Risk is a vulnerability that really matters; it can influence the objectives of the project

Other than that, it is a document written by a researcher that provides a detailed description of the proposed program. It is like an outline

“Our investment depends on the market trend. For example, we used to pay attention on entertaining start-ups. Later on we identified the opportunities of B2B start-ups, then we turn the sights towards B2B firms. Market comes in waves, and we move according to the market trend.”

The overall strategy is to increase productivity generating higher profit margins with the prime focus to repay the investment incrementally over a predetermined term as the business continues to grow and prosper over the next 5 years. Adding to the company’s assets is the property value, which is estimated to increase as the economy improves, along with the inventory of stock parts and vehicles, the company will be able to establish a sufficient amount of equity offsetting the company’s investment and operating debt.

The coffee shop will generate the largest share of revenue. It will also introduce as music store to the new music lover customers. We plan to upgrade our service for music rental slowly over next 2nd year of operation. We will also develop a website where all the information related to music related updated news and services to attract customers. Customer can also make transaction online on the musical instruments.

The purpose of the scope is to describe in great detail the project itself and the result of the project. In this case, a college