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2 years ago

Which 3 of the following responsibilities can belong to the project sponsor?

Business

1 answer:

Juliette [100K]2 years ago

4 0

Answer:vision,governance and value or benefits realization.

Explanation:

Project Sponsor Responsibilities The project sponsor is responsible for many aspects of the project, from initiating and ensuring success to approving and establishing parts of the project. The role can be broken into three parts: vision, governance and value or benefits realization.

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Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank deposits o

musickatia [10]

Answer:

Some part of this question is missing (refer to attachment for missing part of question)

A bank Reconciliation statement is required to agree the Cash Ledger of the Business. Differences are highlighted and subjected to test to understand and justify their existence. It is with a Bank reconciliation statement we can be sure the transactions posted in our Cash Book and Bank records are accurate.

An adjusted Cash Book may need to be drawn up to capture activities in the Bank that was not known to the Treasury Analyst.

Having done this, both the Bank reconciliation should agree with the adjusted Cash Book.

Explanation:

Red Carpet Store

Bank reconciliation Statement

For the Month ending February 28, 2018

Balance per Bank statement $13,325

Add Cash Receipts 26-28 Feb not recorded $1,600

Deduct Undebited Cheques

325 = $200

327 = $1,900
Total undebited Cheque = -$2100

Balance as per adjusted Cash Book $12,825

Adjusted Cash Book

As at February 28 2018

Opening Balance $8,100

Deduct uncleared cheque -$200

Deduct Under-recording of Chq 323 -$300

Deduct Feb rent automatic withdrawal -$1,100

Add Interest earned on daily balance $200

Add Repayment of Titanic Loan & interest &6,250

Deduct charges (NSF, Titanic repayment & Automatic rent payment) -$125

Adjusted cash balance = $12,825

5 0

3 years ago

Thunder Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balanc

tigry1 [53]

Answer and Explanation:

The preparation of the cash flow statement is presented below:

Thunder Corporation's

Cash flow statement

Cash flow from operating activities

Net operating income $180

Adjustment made

Add: Depreciation expenses $34 ($206 - $172)

Add: Decrease in account receivable $5 ($60 - $65)

Add: Decrease in inventory $1 ($41 - $42)

Less: Decrease in account payable $2 ($43 - $45)

Net cash provided by operating activities $164

Cash flow from investing activities

Purchase of Property, plant, and equipment -$74 ($454 - $380)

Net cash used by investing activities -$74

Cash flow from financing activities

Repayment of bond payable -$70 ($190 - $260)

Issuance of the common stock $1 ($41 - $40)

Dividend paid -$24

Net cash used by financing activities -$93

Decrease in cash -$3

Add: Beginning cash balance $31

Ending cash balance $28

The items which displayed in a positive sign indicates the cash inflow and the items which displayed in a negative sign indicates the cash outflow

3 0

3 years ago

Davidson offers several solutions to the major issues, stating that fiscally we are actually not a nation that is divided on the

leonid [27]

Answer:

Some of the fiscal solutions that Davidson mentions tweaking in a bid to cut government spending multiple subtle ways are as follows: 1. Raise social security retirement age

2. Reduce medicare for wealthy seniors

3. Raise medical healthcare contributions question

According to davidson, the republican and the democrat philosophies are two fundamentally different economic philosophies that impact the debt crisis faced by the united states. in his opinion, the republicans want a system in which the government’s only job should be to create an efficient society, whereas the democrats aim at making sure that everyone lives in an “equitable, fair society”. i think i would agree more with the democrat philosophy because equity and fairness to everyone is a key public value outcome in every society.question

The two fiscal issues that are hyper-partisan are as follows: i. military defense spending. ii. issues of taxes - the parties are so divided chiefly because they have extreme opposites points of view on several issues.- on the issues, i lean towards the democrat view. question

Towards the end of his talk, davidson says he fears that the longer we delay any solution, the more the world will look to the u.s. not as the bedrock of stability in the global economy, but as a place that can't resolve its own fights. he explains that the higher interest rates are going to be, the quicker we're going to have to face a day of horrible calamity.

5 0

3 years ago

The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credit

Umnica [9.8K]

Answer:

Blueboy Cheese Corporation

Income Statement

December 31, 2021

Account Title Debits Credits

Sales revenue 680,000

Less Cost of goods sold 408,000

Gross Profit 272,000

less

Salaries expense 108,800

Rent expense 18,000

Depreciation expense 53,000

Interest expense 3,900

Advertising expense 3,600

Un adjusted Profit 84,700

Adjusted Profit 82,900 

Blueboy Cheese Corporation 

Balance Sheet

December 31, 2021

Account Title Debits Credits 

Cash 51,900

Accounts receivable 290,000

Inventory 43,000

Office equipment 308,000

Accounts payable 56,000

Notes payable (due in six months) 39,000

Common stock 400,000

Retained earnings 115,000 + 82,900= 197,900

Total $ 692,900 692,900

Closing Entries

Dec 31 Sales Revenue $680,000 Dr

Income Summary $680,000 Cr

The first closing entry transfers credit balances in revenue ( and gain ) accounts to the income summary accounts.

Dec 31 Income Summary $ 187,300 Dr

Salaries expense 108,800 Cr

Rent expense 18,000 Cr

Depreciation expense 53,000 Cr

Interest expense 3,900 Cr

Advertising expense 3,600 Cr

The second closing entry transfers debit balances in expense ( and loss) to the income summary accounts.

Dec 31 Income Summary $ 82,900

Retained Earnings Accounts $ 82,900

The third entry transfers the balance of income summary account to the owner's capital account or retained earnings account.

5 0

3 years ago

The share price falls when a dividend is paid because the reduction in cash decreases the?

sesenic [268]

The share price falls when a dividend is paid because the reduction in cash decreases the market value of assets.

After a stock price goes ex-dividend, the share price in the market typically decreases by the amount of the dividend paid in order to reflect the fact that new shareholders there are not entitled to that payment.

In the market, when the dividends are paid out as stock instead of cash, then this can dilute earnings, which can also have a negative impact on share prices in the short term.

Hence, there is still no direct connection between a company's dividend and its stock price.

To learn more about dividends here:

brainly.com/question/2960815

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5 0

2 years ago