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3 years ago

Who should be involved in a requirements review? draw a process model showing how a requirements review might be organized?

1 answer:

5 0

<span>A requirements review is a process, usually a series of meetings that involve people from different organizations, usually client and contractor firms. They check the requirements document for anomalies and omissions.</span>

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Jole Co. lent $10,000 to a major supplier in exchange for a non interest bearing note due in three years and a contract to purch

bearhunter [10]

Answer: a. . Both discount on note receivable and deferred charge.

Explanation:

To correctly account for this transaction both the discount and the deferred charge should be recorded.

The note is a non-interest bearing note which means that profit will only be made on it if it was bought on a discount with the full amount due for refund at maturity. To correctly account for this then the discount rate must be recorded to ensure that the discount is recognized.

Jole Co. also made a commitment to purchase a fixed amount of goods at 10% which means that there is now a purchase commitment which has to be recognized in the books so they must record that deferred charge as well.

4 0

3 years ago

Fewer children are interested in learning how to play a musical instrument, and young people have less interest in owning cars.

Alona [7]

Answer: sociocultural

Explanation:

4 0

4 years ago

a project with an initial cost of 63800 is expected to generate annual cash flow of 16580 for the next 6 years what is the Proje

patriot [66]

We have:

Initial cost (PV) = 63800

Annual cash flow (Pmt) = 16580

N = 6

Since the cash flows are conventional in nature, we can use the following formula to calculate the IRR:

PV = Pmt x PVIFA(N, R)

63800 = 16,580 x PVIFA (6, R)

PVIFA (6, R) = 3.84800965

Solving for R using PV of annuity table, we get R= 9.4162%

Therefore, Internal rate of return would be 9.4162%.

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3 years ago

Smithson Corporation had a 1/1/20 balance in the Allowance for Doubtful Accounts of $30,000. During 2020, it wrote off $21,600 o

Alex

Answer:

Bad Debt Expense for 2020: $21,300

Explanation:

During 2020, when wrote of accounts, the following entry was made:

Debit Allowance for Doubtful Accounts $21,600

Credit Accounts Receivable $21,600

When collected on accounts previously written of:

Debit Accounts Receivable $6,300

Credit Allowance for Doubtful Accounts $6,300

Debit Cash $6,300

Credit Accounts Receivable $6,300

At 12/31/20, before adjusting, the balance of Allowance for Doubtful Accounts was credit: $30,000 - $21,600 + $6,300 = $14,700

Bad debts was estimated: 5% x $720,000 = $36,000

Bad Debt Expense for 2020 for adjusting entry:

$36,000 - $14,700 = $21,300

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4 years ago

Chang Lee is going to receive $20,000 six years from now. Soo Lee is going to receive $20,000 nine years from now. Which one of

Allisa [31]

Answer:

C) In today's dollars, Chang Lee's money is worth more than Soo Lee's

Explanation:

The present value of receipts 6 year hence of amount $20,000 discounted at 7% rate would be: Discounting factor of 1 $ for 6 years at 7 % i.e expressed as:

$\frac{20000}{(1\ +\ .07)^{6} }$

= 20,000 × 0.6663

= $ 13,327 approx

The present value of $20,000 receipts 9 years hence discounted at 7% rate is given by:

$\frac{20000}{(1\ +\ .07)^{9} }$

= 20,000 × 0.5439

= 10,879 approx.

As is evident from above, Chang Lee's present value of receipts is more than those of Soo Lee's.

6 0

3 years ago