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3 years ago

The best time to establish reasonable controls is when they are first needed during the project.

1 answer:

3 0

The best to establish reasonable control in the project is at the start of the project but not when they are first needed during the project.

As we can keep a control or keep some standards at initial stages but now when required. This would then provide best results rather than keeping controls when needed in the project to keep the time saved mostly.

Hence the statement is false.

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Which of the following is likely to increase a country's gross domestic product (GDP)?

antiseptic1488 [7]

Answer: In macroeconomics, gross domestic product (GDP) is a macroeconomic magnitude that expresses the monetary value of the production of goods and services of final demand of a country or region during a determined period, normally one year or quarterly.

GDP can be measured by adding up all the final demands for goods and services in a given period. In this case, the destination of the production is being quantified. There are four major areas of spending: household consumption (C), government consumption (G), investment in new capital (I) and the net results of foreign trade (exports-imports).

And it can also be measured by adding the income of all the factors that contribute to the production process, such as wages and salaries, commissions, rents, copyrights, fees, interests, profits, etc. The GDP is the result of the calculation by means of the payment to the factors of the production. All this, before deducting tax.

Thus the statements "b. An increase in Social Security expenses" as government expenses, "c. An increase in retirement and pension benefits to elderly citizens" as subsidies or transfers, and " d. An individual receiving an annual performance bonus of $5,000" as financial interest are likely to increase a country GDP.

3 0

3 years ago

Read 2 more answers

If Malcolm shorts 500 shares of a stock priced at $15 per share, how much profit or loss will he realize for each $1 change in s

MAXImum [283]

The answer is C. 500 dollars

6 0

4 years ago

On May 1, 2020, Vaughn Inc. entered into a contract to deliver one of its specialty mowers to Kickapoo Landscaping Co. The contr

Alchen [17]

Answer:

May 1, 2020 - No Entry

Explanation:

IFRS 15 requires an entity to recognise revenue <em>when</em> entity transfers the goods or services to the customer.

Transfer of the mower happens on May 31, 2020, this is the date at which Revenue is recognised.

The cash is also paid on May 15, 2020, according the <em>accruals concept</em>, no entry must be done on May 1,2020. Only when the payment occurs should there be a record in Vaughn books.

7 0

4 years ago

When bonds are sold at a premium, if the annual straight-line amortization amount is compared to the annual effective interest a

murzikaleks [220]

Answer: Higher than the effective interest amount in the early years and less than the effective interest amount in the later years.

Explanation:

7 0

3 years ago

Allen Insurance Agency started the year with a beginning Retained Earnings balance of $ 29 comma 000. During the year, Allen In

docker41 [41]

Answer: $35,000

Explanation:

Retained Earnings refers to the Net Income that the business keeps after it pays out a portion of it to Shareholders as dividends.

Closing Balance on Retained Earnings = Opening Balance + Net Income - Dividends

Net income = Revenue - Expenses

= 40,000 - 25,000

= $15,000

Closing Balance on Retained Earnings = 29,000 + 15,000 - 9,000

= $35,000

3 0

3 years ago