Budget

What is the multiplier?

The multiplier is essentially how much you should get paid per hour, so if you work 30 hours for $25, you would get a total of $750
What's the difference between tasks and services?

Tasks are an assignment you have to do, usually these are part of a larger job, and Services are something that you provide for a client
Does highlighting make it easy to see the totals?

Highlighting is rather useful as it lets your client know how much you should get paid by the end of the job
What is the meaning of audit?

The audit is an internal investigation in a business through various interviews and research. Other people and companies usually do this before submitting a bid to do the job
What's the meaning of outsource?

Outsourcing is when you gather resources or materials, such as paying a photographer or purchasing a server for a database
What's the meaning of 6%?

The 6% is a sort of fallback in case you end up spending more than the allocated budget for the job
What is margin value/profit?

How much of a company's spending turns into profit
Who gets paid more?

It really depends, most of the time it's the person who works more hours, but the hourly rate can also affect who gets paid more
What is the wholesale cost of the project?

Buying large amounts of supplies and selling them to retailers or businesses (Or in the case of Costco and BJ's, consumers) at a lower cost
Why are there different hourly rates?

The reason might be due to the position of each worker, but it could also be how important they are to completing the job, as "Jim 2" is getting paid $80 an hour to write an invoice to their clients
What is "misc"?

Other spendings, usually minor, or isn't really relevant
What is "NCPD"?

National Center for the Preservation of Democracy (NCPD), which is a program provided by the Japanese-American National Museum (JANM), in which Mr. Hadel's Bmotion company is working with to update their websites, one of which is the main JANM page, and the other is the NCPD page
How does the spreadsheet help track expenses?

The spreadsheet is used as a production budget, which helps the Production Manager figure out how much money a specific task would cost to complete such as making a Content Management System (CMS)
What is the minimum wage for Bmotion workers?

The minimum hourly wage seems to be $20
Why is SubTotal, Wholesale, and Margins so important?

These determine how much your company as a whole should get paid, especially the Margin as that's the final amount, of course, there are taxes and that's the purpose of the SubTotal as that determines how much money you're getting before paying taxes
What part of the project cost the most?

Most likely the Events/Classes Calendar
How does Mr Hadel get paid on this project?

Since Mr Hadel (referred to as Andy in the documents provided in the lesson) is the Project Manager, He gets paid based on what tasks he can complete. Now he can't do everything as he will be overwhelmed; that's why he hires other people to take the load off of him