You run a construction firm. You have just won a contract to build a government office complex. Building it will require an investment of $10.2 million today and $5.1 million in one year. The government will pay you $21.5 million in one year upon the building's completion. Suppose the interest rate is 10.1%. a. What is the NPV of this opportunity? b. How can your firm turn this NPV into cash today? a. What is the NPV of this opportunity? The NPV of the proposal is $ ______________ million. (Round to two decimal places.) b. How can your firm turn this NPV into cash today? (Select the best choice below.) A. The firm can borrow $15.3 million today and pay it back with 10.1% interest using the $21.5 million it will receive from the government. B. The firm can borrow $15.3 million today and pay it back with 10.1% interest using the $19.53 million it will receive from the government. C. The firm can borrow $19.53 million today and pay it back with 10.1% interest using the $21.5 million it will receive from the governmenD. The firm can borrow $24.16 million today and pay it back with 10.1% interest using the $21.5 million it will receive from the governmen
Answers
Answer:
The NPV of the proposal is $4.7 million.
b. How can your firm turn this NPV into cash today?
C. The firm can borrow $19.53 million today and pay it back with 10.1% interest using the $21.5 million it will receive from the governmentExplanation:
year net cash flows
0 -$10.2 million
1 $16.4 million
discount rate 10.1%
NPV = -$10.2 million + $16.4 million / 1.101 = -$10.2 million + $14.9 million = $4.7 million
the PV of the $21.5 million government payment = $21.5 / 1.101 = $19.53 million
Related Questions
Assume that Maple Leaf Foods had the following changes to its shareholders' equity in 2018: dividends declared of $65,199
thousand, and other shareholders' equity items of $(80.998) thousand. How much net income did the company report in 2018?
(Enter amount in thousands)
Answers
Based on the changes to shareholder equity, we can conclude that Maple Leaf Foods had a net income of $146,197 thousand.
The net income of a company is usually sent to the retained earnings. From here, dividends might be taken out and then the remaining retained earnings go to equity.
The net income in the scenario therefore, is the entire changes in equity including the dividends that were paid:
Net income = Dividends + Other equity items
= 65,199 + 80,998
= $146,197
In conclusion, the company reported $146,197 thousand in net income.
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What does this part of the safety manual indicate about the use of ladders?
Ladders can be used only on a limited basis.
Workers must take care to handle ladders correctly.
Workers must wear the proper gear when using ladders.
Ladders can be used only on certain levels of the warehouse.
Answers
Answer:
B
Explanation:
I PUT IT ON BABY
When using ladders, employees must be properly outfitted. As a result, choice (C) is the best way to respond.
What is head gear?Any article of clothing worn on the head is referred to as headgear, headwear, or headdress. Examples include hats, helmets, turbans, and many other styles. Headgear is worn for a variety of reasons, such as social customs, ornamentation, protection from the elements, or for religious or cultural reasons.
Helmets are made to prevent injuries to the head and occasionally the neck. They often provide protection from blows and are stiff. In combat, on construction sites, and in many contact sports, helmets are a common sight (most commonly being associated with American football).
They are required by law in the majority of the United States for anyone operating a variety of vehicles, including motorcycles, and occasionally extend to bicycles and skateboards.
Hence, option (C) is accurate.
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How can you begin applying your knowledge of Fiscal Policy with, stabilizing and/or corrective capabilities, to the current political dialog among the many elected Public officials, as well as those who are seeking election, at the Federal and State Levels, who are expressing their Macroeconomic ideas that are thought to be the only possible policy cures that will actually redirect and strengthen the recovery of the U.S. economy?
Answers
Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
What is economy?
The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector.
According to the Federal and State Levels, there are the express the recovery of the U.S. the employment are the created the wages and the economy of the economic growth.
As a result, in the Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
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Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
Answers
We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.
Funds for starting the business: $1 million in funding from Andy Bechtolsheim.
Employee data: over 160,000 employees worldwide.
What is a company?A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.
Their products are digital and online services.
Comparing this company, we see Microsoft.
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it is used to market the product that the business is selling?
Answers
Answer:
The four Ps of marketing are the key factors that are involved in the marketing of a good or service. They are the product, price, place, and promotion of a good or service. Often referred to as the marketing mix, the four Ps are constrained by internal and external factors in the overall business environment, and they interact significantly with one another.
The 4 Ps are used by companies to identify some key factors for their business, including what consumers want from them, how their product or service meets or fails to meet those needs, how their product or service is perceived in the world, how they stand out from their competitors, and how they interact with their customers.
KEY TAKEAWAYS
The four Ps are the four essential factors involved in marketing a good or service to the public.
These are the four Ps: the product (the good or service), the price (what the consumer pays), the place (the location where a product is marketed), and promotion (the advertising).
The concept of the four Ps has been around since the 1950s; as the marketing industry has evolved, the concepts of people, process, and physical evidence have become important components of marketing a product, too.
who profits incentives
Answers
Answer:
An incentive is a reason or reward for doing a particular task and is central to understanding economics. If there is not a good reason to make a product or provide a service, then no one will make that product or provide that service. One major incentive in any action is the opportunity for a reward.
Steve met Diana at the local gym and they started talking about how Diana needed her
house painted. Steve told Diana that he would paint her whole house for $5,000 and
that he would keep the offer open for seven days. Later that night, Steve even sent
Diana an email detailing the terms of the offer. Two days later, Steve sent Diana an
email around 2:25 p.m., stating that the original offer was revoked. Around 1:55 p.m.
that same day, Diana wrote Steve a letter, stating that she accepted his offer for the
house painting. As soon as Diana was able, she went to Post Office and sent Steve the
letter by certified mail (time stamped by the Postal Service at 2:27 p.m.). That night
around 5:45 p.m., Diana was reviewing her emails and saw Steve's earlier email
informing her about the revocation of the offer. She immediately called him to tell him
that she had wrote him a letter of acceptance. Was the offer revoked by Steve and why
or why not?
Answers
Answer:
Was the offer revoked by Steve and why
or why not?
No
Explanation:
I am not the best with contracts so no guarnatee but there was a clear offer, acceptance, consideration, making this a contract. Unless in the terms of the contract it stated that there could be a cancellation at any time, Steve is obligated to follow through.
Your plan calls for using apprentice plumbers in place of fully licensed plumbers for some jobs. If the apprentice plumbers are 60% as productive as licensed plumbers and licensed plumbers cost $60 per hour, what is the most you should pay for apprentice plumbers?
Answers
Answer:
36
Explanation:
If increasing the number of goods produced is one way to increase
productivity, what is the other way to increase productivity?
Answers
Productivity refers to the measure of output per unit of input over a given period of time. A company’s productivity level is a crucial factor in determining its profitability. Productivity can be increased in different ways, including increasing the number of goods produced and reducing waste. These are the two ways to increase productivity. Therefore, the answer to the question is reducing waste.
Another way to increase productivity is to improve efficiency. Efficiency is a measure of how well inputs are converted into outputs. Improving efficiency means reducing the amount of time, effort, and resources needed to produce a certain output. A company can improve its efficiency in various ways, including using better technology, improving its production processes, and training employees to work more effectively. Increasing productivity is critical for the growth of any business. Productivity can be increased by implementing a wide range of strategies. Reducing waste is one way to increase productivity, while improving efficiency is another way. Both of these strategies help companies to achieve their goals by producing more goods in less time. In conclusion, companies need to explore ways to improve their productivity levels continually. This will help them to increase their profitability, grow their business, and remain competitive in the market.
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what are the similarities of vision, mission, goal amd objective
Answers
However, there are some differences between them. A vision statement describes an ideal future state that an individual or organization wants to achieve. A mission statement outlines the purpose and values of an individual or organization. A goal is a specific target that an individual or organization wants to achieve. An objective is a specific action or task that an individual or organization needs to accomplish in order to achieve a goal.
Solving for Unknowns Follow the format shown in Exhibit 12B-1 and Exhibit 12B-2 as you complete the requirements below. Each of the following scenarios are independent. Assume that all cash flows are after-tax cash flows. Thomas Company is investing $120,000 in a project that will yield a uniform series of cash inflows over the next 4 years. Video Repair has decided to invest in some new electronic equipment. The equipment will have a 3-year life and will produce a uniform series of cash savings. The NPV of the equipment is $1,750, using a discount rate of 8%. The IRR is 12%. A new lathe costing $60,096 will produce savings of $12,000 per year. The NPV of a project is $3,927. The project has a life of 4 years and produces the following cash flows: Line Item Description Amount Year 1 $10,000 Year 2 $12,000 Year 3 $15,000 Year 4 ? The cost of the project is two times the cash flow produced in Year 4. The discount rate is 10%. Required: Round your answers to the nearest dollar. 1. If the internal rate of return is 14% for Thomas Company, how much cash inflow per year can be expected? fill in the blank 1 of 1$ 41,185 per year 2. Determine the investment and the amount of cash savings realized each year for Video Repair. Line Item Description Amount Savings each year $fill in the blank 2 9,985 Original investment $fill in the blank 3 23,982 3. For Scenario c, how many years must the lathe last if an IRR of 18% is realized? fill in the blank 1 of 1 14 years 4. For Scenario d, find the cost of the project and the cash flow for Year 4. Line Item Description Amount Cost of the project $fill in the blank 5 40,016 Cash flow for year 4 $fill in the blank 6 20,008 Feedback Area Feedback 1. Use the IRR formula to determine the annual cash flow. P = I = df × CF Find the discount factor using the IRR provided and the Present Value of an Annuity table. Investment (I) / Discount factor (df) = Cash flow (CF) 2. Use the NPV and IRR formulas to determine the annual cash flow (CF) or savings each year, and the investm
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In financial modeling, a discount factor is a decimal number multiplied by a cash flow value to discount it back to its present value. The factor increases over time (meaning the decimal value gets smaller) as the effect of compounding the discount rate builds over time.
The discount factor formula offers a way to calculate the net present value (NPV). It's a weighing term used in mathematics and economics, multiplying future income or losses to determine the precise factor by which the value is multiplied to get today's net present value. How to calculate discount rate. There are two primary discount rate formulas - the weighted average cost of capital (WACC) and adjusted present value (APV). The WACC discount formula is: WACC = E/V x Ce + D/V x Cd x (1-T), and the APV discount formula is: APV = NPV + PV of the impact of financing.
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Your uncle has $90,000 that he wishes to invest now in order to use the accumulation for purchasing a retirement annuity in five years. After consulting with his financial adviser, he has been offered four types of fixed income investments, labeled as investments A, B, C, and D. Investments A and B are available at the beginning of each of the next five years (call them years 1 to 5). Each dollar invested in A at the beginning of a year returns $1.20 (a profit of $0.20) two years later, in time for immediate reinvestment. Each dollar invested in B at the beginning of a year returns $1.36 three years later.
Answers
Answer:
The question is incomplete, it is missing the last part:
...
Investments C and D will each be available at one time in the future. Each dollar invested in C at the beginning of year 2 returns $1.66 at the end of year 5. Each dollar invested in D at the beginning of year 5 returns $1.12 at the end of year 5.
Your uncle is obligated to make a balloon payment on an existing loan, in the amount of $24,000, at the end of year 3. He wants to cover that payment out of these funds as well.
First of all, you must invest enough money in B in order to pay your debt.
present value = future value / expected return
present value = $24,000 / $1.36 = $17,647.06
you have $90,000 - $17,647.06 = $72,352.94 to invest in A.
at the end of year 2, you will have:
future value = present value x expected return = $72,352.94 x $1.20 = $86,823.53
then you should invest that money ($86,823.53) in invested D and at the end of year 4 you will have:
future value = $86,823.53 x $1.66 = $144,127.06
finally, you should invest $144,127.06 in investment E and at the end of ear 5 you will have:
future value = $144,127.06 x $1.12 = $161,422.31
Why do you
think it's easier to forget entrepreneurship than labor or capital?
Answers
Entrepreneurship is much less tangible than other factors of production capital, that is why it's far more hard to discover.
Entrepreneurship is the assignment of latest business ventures that could eventually become profitable agencies. Some economists identify entrepreneurship as a factor of production due to the fact it is able to boom the effective performance of a company. Land refers to herbal resources, exertions refers to work attempt, and capital is anything made that is used to make something else. The final aid, entrepreneurship, refers to the capability to place the opposite 3 sources together to create capital.
Labor refers to all salary-incomes activities, including the work of specialists, retail workers, and so forth. Entrepreneurship refers back to the projects taken by way of entrepreneurs, who commonly begin as the first people in their firms after which regularly appoint different elements of production to grow their organizations.
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Which answer applies to "fine print"?
A. Fine print is usually where virtually all the important information is located.
B. Companies hope you don't read the fine print.
C. Fine print can be confusing and trick you into making the wrong decisions.
youhaito
D. All of the above.
Answers
Answer:
D. All of the Above
hope this helps!
Two athletes of equal ability are competing for a prize of $12,000. Each is deciding whether to take a dangerous performance-enhancing drug. If one athlete takes the drug and the other does not, the one who takes the drug wins the prize. If both or neither take the drug, they tie and split the prize. Taking the drug imposes health risks that are equivalent to a loss of XX dollars.
Complete the following payoff matrix describing the decisions the athletes face.
Player Two’s Decision
Take Drug Don’t Take Drug
Player One’s Decision Take Drug , ,
Don’t Take Drug , ,
True or False: The Nash equilibrium is taking the drug if X is greater than $6,000.
Suppose there was a way to make the drug safer (that is, have lower XX).
Which of the following statements are true about the effects of making the drug safer? Check all that apply.
It increases the payoff of taking the drug.
It lowers the likelihood of taking the drug.
It has no effect on the athletes’ decision to take the drug if X remains greater than $6,000.
Answers
Answer:
The format is messed up
Explanation:
Based on the stage that you are in your career, prepare a chronological or functional resume for a position in your dream company. You need to create your resume in any 1 format chronological OR functional, properly justifying your choice.
Answers
A chronological resume presents your professional experience in reverse chronological order. To put it another way, the position you had most recently is mentioned first on your CV. Just below that is where you were previously, and so forth.
In a chronological resume, are professional experiences listed in reverse chronological order the major emphasis?Reverse chronological resumes, often known as chronological resumes, are the most common format. The chronological resume concentrates and accentuates your professional experiences and accomplishments in chronological order, making it highly advised for those with lengthy employment histories.
What does the reverse chronological order on a resume mean?The reverse chronological resume format is the most popular and well-known. Your relevant employment history is presented in this format in reverse chronological order, beginning with the most recent position you had and working your way backwards.
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Bramble Corp. borrowed $870000 from Liber Bank on January 1, 2019 in order to expand its mining capabilities. The note required annual payments of $220776 and carried an annual interest rate of 8.5%. What is the balance in the notes payable account at December 31, 2020 if payments are made at the end of each year
Answers
Answer:
$563,867.79
Explanation:
Notes annual payments = $220,776
Notes payable January 1, 2019 = $870,000
Interest for the year 2019 = $870,000*8.5% = $73,950
Principal payment for 2019 = $220,776 - $73,950 = $146,826
Notes payable at the end of year 2019 = $870,000 - $146,826 = $723,174
Interest for the year 2020 = $723,174 * 8.5% = $61,469.79
Principal payment for 2020 = $220,776 - $61,469.79 = $159,306.21
Notes payable at the end of year 2021 = $723,174 - $159,306.21 = $563,867.79
Software is being developed in 8-hour shifts in which country?
A.Canada
B. Mexico
C.India
D.Germany
Answers
Do you believe that developing and applying project management skills can help most individuals and organizations? Justify your response.
your response.
Answers
Answer:
Explanation:
Good project management discipline is the way to overcome these shortcomings. Having good project management skills does not mean you have no problems. It does not mean that risks go away. It does not mean that there are no surprises. The value of good project management is that you have standard processes in place to deal with all contingencies.
Project management processes and techniques are used to coordinate resources to achieve predictable results. However, it should be understood that project management is not an exact science and there is never a guarantee of success. Since projects involve people, there is always complexity and uncertainty that cannot be absolutely controlled.
Project management is both science and art. It is science in that it relies on proven and repeatable processes and techniques to achieve project success. It is an art because it also involves managing and relating to people and requires the project manager to apply intuitive skills in situations that are totally unique for each project. A good project management methodology provides the framework, processes, guidelines and techniques to manage the people and the work. A good methodology increases the odds of being successful and therefore provides value to the organization, the project and the project manager.
The characteristics of the project are not going to change whether you use a formal project management process or not. What changes is how the events are dealt with when the project is in progress. Are they dealt with haphazardly and reactively or proactively with a smoothly running process?
Generally, it is believed that organizations that follow good processes are more successful than organizations that do not. Organizations that have good processes. These organizations get more work done and they tend to do the work that is of most value. They also have organizational systems in place to help make everyone more successful, including project managers.
You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May 2022. All of the bonds have a par value of $1,000 and pay semiannual coupons.
Rate: Maturity Month/Year: Bid: Asked: Change: Ask Yield:
?? May 36 103.4599 103.5327 +.3287 5.979
6.202 May 39 104.4939 104.6396 +.428 ?? ??
6.158 May 45 ?? ?? +.5392 4.01
In the above table, find the Treasury bond that matures in May 2039. What is your yield to maturity if you buy this bond?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
Answers
After calculations, we can conclude that the coupon rate in the given situation is 6.248.
What is the coupon rate?The annual income an investor might anticipate while owning a specific bond is known as the coupon rate.
The calculation is done by dividing the total of the annual coupon payments by the par value, and it is established at the time the bond is issued.
A bond's yield to maturity and coupon rate are equal at the time of purchase.
So, here in the given situation:
= PMT (rate, nper, pv, [fv], [type])
Tenure of bond = 2019 -2039
Tenure of bond = 20 years
Current price of bond = $2,000x96.865%
Current price of bond = 1937.3
Par value of bond = $2,000
Current price of bond = $1937.3
Yield of Maturity = 6.53%
Tenure of bond = 20 Years
=PMT({6.53%/4} ,{20*4} ,-1937.3, 2000)
PMT= 31.24
Coupon rate = 31.24 x (4/2000) x 100
Coupon rate = 6.248
Therefore, after calculations, we can conclude that the coupon rate in the given situation is 6.248.
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Correct question:
You find the following corporate bond quotes. To calculate the number of years until maturity, assume that it is currently January 15, 2019. The bonds have a par value of $2,000 and semiannual coupons.
Company Coupon Maturity LP LY EST
Xenon, Inc. (XIC)6.700 Jan 15, 2036 94.313 ?? 57,375
Kenny Corp. (KCC)7.250 Jan 15, 2033 ?? 6.28 48,954
Williams Co. (WICO)?? Jan 15, 2039 96.865 6.53 43,815
What is the coupon rate for the Williams Co. bond?
“Automation is bad for the economy because machines will eventually replace almost all human workers, creating high unemployment and poverty.” Do you agree or disagree? Explain your answer.
Answers
I agree that "automation is bad for the economy because machines will eventually replace almost all human workers, creating high unemployment and poverty". This is because with automation, most jobs will be done by machines and robots. This will leave a large percent of human workers jobless.
What is Automation?Automation may result in job losses and wage reductions. Be aware that those who can operate machines are thought to be more productive than those who cannot.
Keep in mind that automation tends to reduce both the costs and prices of goods and services, making consumers feel richer while also causing certain human skills to be lost.
Accordingly, the following abilities will be lost as automation is implemented:
A. Communication Skills.
B. Social Skills.
C. Critical Thinking
D. the application of imagination and reflection.
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Two key aspects of financial planning are cash planning and profit planning. Cash planning involves the preparation of the cash budget and profit planning involves preparation of pro forma statements. To make cash budget and pro forma statements for a firm, accounting knowledge is needed. Do accounting courses you took before help you better understand how to make cash budget and pro forma income statement and balance sheet? Explain.
Answers
Yes. Accounting courses I took before helps us understand how to make cash budget and pro forma income statement and balance sheet.
Here's how accounting courses can help individuals in creating cash budgets, pro forma income statements, and balance sheets:
Cash Budget: Accounting courses teach students about the importance of cash flow management and how to prepare a cash budget. Pro Forma Income Statement: Accounting courses teach students how to analyze historical financial data and use it to forecast future performance. Balance Sheet: Accounting courses provide a comprehensive understanding of balance sheets and their components. Students learn how to analyze assets, liabilities, and shareholders' equity to assess the financial position of a company.By studying accounting, individuals gain a solid foundation in financial concepts, reporting standards, and analytical techniques. This knowledge equips them with the skills necessary to create cash budgets, pro forma income statements, and balance sheets effectively.
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3.
The distinction between a managerial position and a non
managerial position is
a) planning the work of others
b) coordinating the work of others
c) controlling the work of others
d) organizing the work of others
Answers
Answer:
c) controlling the work of others.
Explanation:
Describe how sales and consumer-related legislation and regulations affect the delivery of customer service
Answers
Health and safety legislation affects customer service delivery as it requires staff in an organization to ensure the safety of themselves and others, and act responsibly.
There are many perspectives like Changes to tax regulations and rates can have a significant impact on a business. For example, a fall in the rate of corporation tax reduces the amount of tax that corporations have to pay on their profits.
Customer service staff who deal with customers should know about the impacts and effects of legislation and regulations that protect the consumer when buying goods and services.
Governments issue regulations related to environmental practices, employee practices, advertising practices, and much more.
Government regulations affect how companies structure their businesses, where companies decide to locate, how they classify their employees and thousands of other things.
Environmental regulations, intended to protect human health and the environment, generally result in higher production costs and lower productivity in firms, which can lead them to shift investment and production to less stringent locations.
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What is the relative use of each form of a business in the United States and how that has changed over time?
Answers
The relative use of each form of a business in the United States are:
They are used to provide services to peopleThey monitor market trends and use this information to make profitThey allow public ownership through buying of sharesTheir uses have changed over time because:
They are more profit oriented now more than beforeThey help in job creation, etcBusiness is any venture that deals in buying and selling for the primary purpose of making profit.
There are different forms of business in the United States and they include:
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a company whose sole purpose is to buy stocks or bonds of other companies and has a professional manager is called?
a. mutual fund
b. income stock
c. growth stock
d. prospectus
Answers
Answer:
a. mutual fund
Explanation:
Mutual fund is the company whose sole purpose is to buy stocks or bonds of other companies and has a professional manager.
What is a service technology? Are different types of service technologies likely to be associated with different structures? Explain.
Answers
Explanation:
it refers to the use of services for software development, where a service is an autonomous, platform agonstic software component that operate within an ecosystem of services
define equity economics.
Answers
Accounting and subsequently violates the covenant not to complete, what equitable remedy is available to big three accounting inc
Answers
Injunction equitable remedy is available to Big Three Accounting, Inc. Thus option D is correct.
What is Accounting?Accounting is the act of documenting a business's monetary operations. All transactions are compiled, examined, and reported to factor in making, regulatory bodies, and tax collection organizations as part of the accounting cycle.
A lawsuit for an injunction is brought to court when someone infringes any contract clause relating to not competing. An equitable relief is where a court directs a party to carry out a certain act or desist from doing so. Therefore, option D is the correct option.
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After passing his CPA exam, Mohammad is hired by Big Three Accounting, Inc. Part of his contract includes a covenant not to compete. If, after working for three years, Mohammad retires from Big Three Accounting and subsequently violates the covenant not to compete, what equitable remedy is available to Big Three Accounting, Inc.?
a. Rescission O b. Specific Performance O c. Reformation O d. Injunction
Information: You are employed as a network consultant at Network Design Consultants. Your company consists of 15 consultants who assist all types of organizations with issues involving network planning, design, installation, and troubleshooting. The company works on national and international projects, depending on the currently active pool of clients. Your present assignment is to help a small advertising firm, Harrison and Associates, to consider its options for designing a network. There are eight people in the firm: seven advertising consultants and one office coordinator. Each person has a computer at her or his desk, and every computer has a printer. Harrison and Associates represents a classic small-office situation.
As a first step in the design process, what information would you gather about Harrison and Associates?
Answers
The first step in the design process is to find out as much as you can about the organization.
It is not possible to design something for a company if you do not know what will work for the company and what will not.
This is why the first step in the design process is to find out as much as you can about the company in question which in this case is Harrison and Associates.
Some questions you can ask Harrison and Associates include:
their goals and visions the sophistication of the computers they have and what it can take the software their computers are capable of running the type of security system and safeguards they will needThese will help you determine what kind of systems they need so that you can go about finding ways to satisfy these needs.
In conclusion, the first step of the design process is very important because that is where you find out exactly what the client wants so that you can do what you can.
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