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kompoz [17]
3 years ago
15

QUESTION 3 Project governance does NOT include Setting standards for project selection. Overseeing project management activities

. Centralization of project processes and practices. Options for continuous improvement. Allowing project managers to plan the project the way they see fit.
Business
1 answer:
zimovet [89]3 years ago
8 0

Answer: Allowing project managers to plan the project the way they see fit.

Explanation: Project governance may be described as collectively adopted and designated framework or structure which is employed to serve as a guide or model during the entire process of project planning and development. The project governance model is often in tandem with the organizational management framework and provides the necessary guidance and protocol for project management. Hence, it includes setting standard benchmarks, continuous monitoring of project activities and Options for standard incorporation and continuous improvement.

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Keesha Co. borrows $200,000 cash on November 1, 2015, by signing a 90-day, 9% note with a face value of $200,000.
Nonamiya [84]

Answer:

Explanation:

1. The maturing date of note will be 30 January 2016

( 29 days in November + 31 Days in December and 30 Days in January)

2. The interest expense would be

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= Principal × rate of interest × number of days ÷ (total number of days in a year)  

= $200,000 × 9% × (60 days ÷ 360 days)

= $3,000

( 29 days in November + 31 Days in December)

3. On 2016:

= Principal × rate of interest × number of days ÷ (total number of days in a year)  

= $200,000 × 9% × (30 days ÷ 360 days)

= $1,500

(30 Days in January)

We assume 360 days in a year.  

4. (A) Cash A/c Dr $200,000  

            To Notes payable A/c $200,000  

(Being note is issued for cash)

(B) Interest expense A/c Dr $3,000

                 To Interest payable A/c $3,000

(Being accrued interest adjusted)

(C) Interest expense A/c Dr $1,500

    Interest payable A/c Dr $3,000

    Notes payable A/c Dr $200,000

                  To Cash A/c $204,500

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A plant asset was purchased on january 1 for $100,000 with an estimated salvage value of $20,000 at the end of its useful life.
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Read 2 more answers
Presented below is the income statement of Cowan, Inc.: Sales revenue $372,700 Cost of goods sold 221,800 Gross profit $150,900
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1-                

                Cowan Inc

       Statement of Cash Flows (Partial)

            (Indirect Method)

Cash flows from Operating Activities  

Net Income                                                                       43200

Adjustment to reconcile

net income to net cash

provided by operating activities:  

Increase in accounts receivable                      (22000)  

Decrease in Inventories                                   18600  

Decrease in salaries payable

(Operating expenses)                                        (8700)        

Increase in accounts payable                            13700  

Decrease in income taxes payable                    (2700)  

Depreciation expense                                       16700  

Increase in deferred tax liability                         4200       19800

Net cash provided by operating activities                       63000

2-

               Cowan Inc

      Statement of Cash Flows (partial)

             (Direct Method)

Cash Flows from Operating Activities:  

Cash Received from Customers (372700-22000)            350700

Cash paid to suppliers (221800-18600-13700)       189500  

Operating Expenses Paid (80800+8700-16700)    72800  

Taxes Paid (26900+2700-4200)                           25400    287700

Net cash provided by operating activities                      63000

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