Answer:
Analyze the variance
Explanation:
In a situation like this, it is expected that the project manager identifies the differences or variance which exists between the baseline scope and actual project performance. It is however when the variance has been analyzed, then the project manager can conclude whether a change in scope is needed or not.
Hence, in this case, what Monica need to do next is to ANALYSE THE VARIANCE
Answer:
C) $16,000.
Explanation:
cash paid for insurance premiums = total insurance expense + ending balance of prepaid insurance - beginning balance of prepaid insurance
cash paid for insurance premiums = $15,200 + $3,000 - $2,200 = $16,000
Generally when you purchase an insurance policy you can either pay every month or pay for several months in advance and get a discount. When you pay for several months in advance, you must debit prepaid insurance. Then as time passes, you must accrue insurance expense. For e.g. you pay $2,400 today for a 1 year insurance premium, and at the end of the month you will accrue $200 of insurance expense. But your cash payment was made today.
Answer: A drought will lead to a leftward shift in the supply curve which results in higher equilibrium price and lower equilibrium quantity supplied.
Explanation: In the early 2000s, Australia's rice growing regions experienced drought which led to an increase in price from 12 to 24 cents a pound. The absence of rain in Australia's rice growing region resulted in a price increase as rain is essential for the growth of crops.
The drought will lead to an increase in price and reduction in quantity supplied in world market. Graphically, a reduction implies that the supply curve shifts to the left indicating that producers are providing less quantity of rice. A leftward shift in the supply curve results in higher equilibrium price and lower equilibrium quantity.
Attached below is the graph.
Answer:
Explanation:
a. 2019
Dec 31 sales ($1,800,00 x 1.5%) 27,000
Customer Refunds Payable 27,000
31 Estimated Returns Inventory 16,000
Cost of Merchandise Sold 16,000
b 2020
Feb 3 Customer Refunds Payable 5,000
Cash 5,000
3 Merchandise Inventory 3,100
Estimated Returns Inventory 3,100