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1 year ago

Validated changes and validated deliverables are the outputs of the _____ sub-process of project quality management.

1 answer:

8 0

Validated changes and validated deliverables are the outputs of the monitoring and controlling sub-process of project quality management.

Project quality management is the process in which the quality of all activities is measured continuously and taking the corrective action until the desired quality is achieved.

Quality management processes help the organization to control the cost of a project, after controlling the cost of project standards are established and the steps in achieving and confirming those standards are determined.

Effective quality management of a project must lowers the risk of product failure or unsatisfied and unhappy clients.

Project quality management occurs with these three processes:

Quality planning

Quality assurance

Quality control

To learn more about project quality management here:

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In a good system of internal control, the person who initiates a transaction should be allowed to effectively control the proces

amm1812

Answer:

b) False

Explanation:

One of the key features of a good internal control system is the segregation of duties (SoD).

The principle of the segregation of duties entails that an individual is not allowed to initiate a transaction, review and approve the same transaction. In other words, a good internal control system would not allow an individual carry out all processes for a transaction from initiation, to authorization to approval to recording.

A system in which these responsibilities are shared mitigates against the risk of fraud and error.

Hence, in a good system of internal control, the person who initiates a transaction should be NOT be allowed to effectively control the processing of the transaction through its final inclusion in the accounting records

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3 years ago

Suppose that on January 6, 2018, Excel Motors paid $240,000,000 for its 45% investment in Dynamic Motors. Excel has significant

Ivenika [448]

Answer: provided in the explanation segment

Explanation:

To begin we will answer each part accordingly.

For Requirement 1 :

I would say that Excel Motors should use the Equity method to account for its investment in Dynamic Motors, because the investment results in significant influence over the investment company.

For Requirement 2 :

In the books of Excel Motors: we have that;

Transaction/ Event Date Accounts&Explanation Debit ($

) Credit($

)

1. Jan 6, 2018 Investment in Associate 240,000,000

Cash 240,000,000

Accnt&Explan: To record cash paid for equity investment in Dynamic Motors.

2. Cash ( $ 15,000,000 x 45%) 6,750,000

Investment in Associate 6,750,000

Accnt&Explan:To record dividend received in cash from Dynamic Motors

3. Investment in Associate ( $ 10,000,000 x 45%) 4,500,000

Investment Revenue 4,500,000

Accnt&Explan:To record income earned on equity investment

For Requirement 3:

Equity Investment in Dynamic Motors:

Cash 240,000,000 Cash 6,750,000

Investment Income 4,500,000

Ending Balance 237,750,000

244,500,000 244,500,000

The balance would be classified as a non-current asset on the balance sheet dated December 31, 2018

cheers i hope you understand, this is actually in a tabular form.

8 0

3 years ago

Blossom Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employ

Xelga [282]

Answer:

A) to determine the cost of the asset being depreciated we must use the first year's depreciation using the double declining method to find 40% of the asset's value:

40% of the asset's value = $29,200

asset's value = $29,200 / 40% = $73,000

B) salvage value = asset's value - total depreciation = $73,000 - $65,700 = $7,300

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4 years ago

After a hurricane in Florida knocked out the regional water supply for several days, the demand for bottled water increased shar

Crank

Answer:

The correct answer is letter "D": Price will increase, and quantity will increase.

Explanation:

If a natural disaster cuts the supply for water in a region, bottled water will face an <em>increase in its quantity demanded</em> as a substitute. Besides, due to scarcity, the bottled water is likely to face an increase in its price, thus, the <em>equilibrium price of bottled water increases</em>.

6 0

3 years ago

At Haddon, Inc., the office workers are employed for a 40-hour workweek and are paid on either an annual, monthly, or hourly bas

levacccp [35]

Answer:

Employee Salary Hrs. Worked Cumulative Taxable

Wages as of Last Pay Period

King, M. $135,200 (year) 40 $132,600.00

Manera, E. $6,500 (month) 40 $76,500.00

Tate, S. $3,900 (month) 48 $45,900.00

Yee, L. $12.50 (hour) 44.5 $27,675.13

Diaz, R. $12.50 (hour) 48 $14,778.96

Zagst, J. $14.50 (hour) 52 $24,703.02

(a) regular earnings,

King, M. $135,200 / 52 weeks = $2,600

Manera, E. $1,500 weekly salary

Tate, S. $900

Yee, L. $12.50 x 40 = $500

Diaz, R. $12.50 x 40 = $500

Zagst, J. $14.50 x 40 = $580

(b) overtime earnings,

King, M. $0

Manera, E. $0

Tate, S. [($900 / 40) x 8 x 1.5] = $270

Yee, L. $12.50 x 4.5 x 1.5 = $84.38

Diaz, R. $12.50 x 8 x 1.5 = $150

Zagst, J. $14.50 x 12 x 1.5 = $261

King, M. $2,600

Manera, E. $1,500

Tate, S. $1,170

Yee, L. $584.38

Diaz, R. $650

Zagst, J. $841

(d) FICA taxable wages (the FICA taxes limit for 2020 is $137,700, so everyone will be taxed)

King, M. $2,600

Manera, E. $1,500

Tate, S. $1,170

Yee, L. $584.38

Diaz, R. $650

Zagst, J. $841

(e) FICA taxes to be withheld

King, M. $2,600 x 7.65% = $198.90

Manera, E. $1,500 x 7.65% = $114.75

Tate, S. $1,170 x 7.65% = $89.51

Yee, L. $584.38 x 7.65% = $44.71

Diaz, R. $650 x 7.65% = $49.73

Zagst, J. $841 x 7.65% = $64.34

(f) net pay for the week ended

King, M. $2,600 - $198.90 = $2,401.10

Manera, E. $1,500 - $114.75 = $1,385.25

Tate, S. $1,170 - $89.51 = $1,080.49

Yee, L. $584.38 - $44.71 = $539.67

Diaz, R. $650 - $49.73 = $600.27

Zagst, J. $841 - $64.34 = $776.66

3 0

3 years ago