Answer:
The answers are:
A) Consulting revenue should be listed below the debited account as it is credited.
C) Accounts payable is not involved in this transaction.
D) The Consulting revenue account should be indented, as it is credited.
E) The correct account that should be debited is the Accounts receivable account.
Explanation:
Answer:
a. a grant will be secured to help fund the project.
Explanation:
In project management, a project manager can be defined as an individual or organization that temporarily undertakes a project in order to create a unique result, product, and service. Project managers strives very hard so that they can achieve their aims, goals and objectives in the most cost-effective, efficient and best manner through the use of unique set of interrelated tools, skills and tasks.
An assumption for a construction project could be, a grant will be secured to help fund the project.
Project managers sometimes embark on the execution of projects without having enough fund to finish it successfully. There assumptions are usually that once they have commenced the process, a grant can be secured from creditors, investors or financial institutions to help fund the remaining part of the project. However, since it is an assumption, they're not guaranteed that the grant will be given to them; therefore, this can result to the stalling of projects sometimes.
By virtue of standards, materials to be used to construct the building, the size of the building that is to be constructed and the regulations and codes required for the building should never be assumed by project managers.
Just before colliding with another vehicle, you should t<span>ake your foot off the brake pedal.
</span><span> There are several things you can do in order to minimize the consequences of collisions. One of them is to take your foot off the brake pedal. Other are:
- If possible, swerve to the right side of the road when you take evasive action.
</span><span>- Another general rule is to hit an object with a glancing blow (at an angle) rather than head-on.</span>
Answer:
Solvency
Explanation:
Solvency is defined as the ability of a company to meet it's long term financial obligations like having the ability to pay off debts as they mature. Solvency measures if a company is able to pay off it's debt in long term.
Although solvency and liquidity are similar, difference is liquidity is more concerned with paying off short term debts.
A company or firm is said to be solvent when the current assets exceeds current liabilities.
Answer:
Rock Group and Costume Shop
Under this arrangement the rock group is the
d. assignor.
Explanation:
The rock group, as the assignor, is the entity that transfers its property rights or its powers to payment to Costume Shop. The Costume Shop is the assignee because it is the entity to which property rights or powers to payment of the rock group are transferred. Under the performance contract, the rock group can also be described as the delegator while the Costume Shop is the delegatee. However, under payment terms, the rock is the assignor while the Costume Shop is the assignee.
