Answer:
Prepare journal entries for the transactions noted above.
Answer: False
Explanation: The operations defined in the given problem are performed by the project manager and not the project sponsor.
The project manager is typically considered as the owner of the project. Its main duties relates to providing necessary resources to complete the project. On the other hand the project manager is responsible for completing the project in the way it was planned to be.
Thus, the given statement is false.
Company A uses the FIFO method to account for inventory and Company B uses the LIFO method. The two companies are exactly alike except for the difference in inventory cost flow assumptions. The debt-to-equity ratio measures your company's total debt relative to the amount originally invested by the owners and the earnings that have been retained over time.
The debt to equity ratio using the book value of equity in 2019 would be 2.29.
Finding the debt-to-equity ratio.
This can be found by the formula:
= Interest bearing Debt / Book value of equity
= (Notes payable + Current maturities of long term debt + Long term debt) / Book value of equity
= (10.5 + 39.9 + 239.7) / 126.6
= 2.29
Learn more about debt-to-equity here
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Answer:
The correct option is advisor.
Explanation:
In business, advisors can be described as persons who evaluate circumstances and suggest options as what could be done during different circumstances. These options are suggested for the benefit of the company and to lead it towards success. An advisor usually evaluates the business plan for a company.
In the above-mentioned scenario, Andy is entitled to evaluate particular situations and provide better options, hence she is playing the role of an advisor.
