Answer:
A. Those responsible for complying with budgets must participate in budget preparation.
Explanation:
An important rule of budgeting is those responsible for complying with budgets must participate in budget preparation.
A work breakdown structure must be decomposed at least four levels in order to be effective- FALSE
By adopting task breaking, a popular productivity technique, workload can be made more reasonable and approachable. The instrument used to apply this method to projects is the Work Breakdown Structure (WBS), one of the important project management papers. To ensure that project plans are in sync, it does it on its own by combining size, cost, and schedule baselines.
A Work Breakdown structure is used to graphically, hierarchically, and deliverable-focused decompose a project (WBS). Project managers can use it to break down the focus of their operations and view all the tasks required to complete them, making it a helpful diagram.
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Answer:
$132,400
Explanation:
Calculation for the Insurance expense
Using this formula
Insurance expense= 2017 Ending Balance in prepaid insurance account+ Amount paid for insurance-2018 Ending Balance in prepaid insurance account
Let plug in the formula
Insurance expense=$68,400+$106,000-$42,000
Insurance expense=$132,400
Therefore the Insurance expense recorded 2018 would be $132,400
Answer:
Initial Invest= 630,000
Cash Flow 1=228,000/1.12= 203,571
Cash flow 2= 228,000/1.12^2=181,760
Cash Flow 3= (228,000+29000+73000)/1.12^3=234,887
=620,218
NPV= 620,218-630,000= -9,781
Explanation:
Answer:
Current ratio- 2.03 2.33 1.73 and Acid-test ratio- 0.98 0.43 0.60
Explanation:
Attach is the table of given cases
Acid test ratio= 
Now, solving for acid test ratio.
<u>Case x</u>
⇒ Acid test ratio= 
⇒ Acid test ratio= 
∴ Acid test ratio= 
<u>Case y</u>
⇒ Acid test ratio= 
⇒ Acid test ratio= 
∴ Acid test ratio= 
<u></u>
<u>Case Z</u>
⇒ Acid test ratio= 
⇒ Acid test ratio= 
∴ Acid test ratio= 
Next solving for current ratio.
We know, current ratio= 
<u>Case x</u>
⇒ current ratio= 
∴ current ratio= 
<u>Case y</u>
⇒ current ratio= 
∴ current ratio= 
<u>Case Z</u>
⇒ current ratio= 
∴ current ratio= 
Hence, Current ratio- 2.03 2.33 1.73 and Acid-test ratio- 0.98 0.43 0.60
