Answer:
Fairness of Equal Outcomes: Split his wealth evenly between Terry and Tonya, Leave his money to charity instead.
Fairness of Equal Opportunity: Leave Terry his entire wealth to offset the gap between him and his sister.
Fairness of Process: Tell his kids he will leave the money to whoever does the most to take care of him in his old age.
Fairness of what is deserved or earned: Leave his money to the child whom he thinks deserves the most money.
Answer:
D) Project importance is enhanced by setting authority equal to that of functional departments.
Explanation:
A matrix organization is characterized by, multiple command system and overlapping of command, control and behavioral pattern.
Here, temporary project groups are created so as to handle short term projects. Personnel are drawn from functional department and their activities are controlled and coordinated by a project manager.
Once a project is completed, the structure is disbanded and the personnel return to their original departments i.e functional department.
During the project duration, a person is responsible and reports to two bosses, one being the project manager and secondly to the functional boss. Thus, under such a structure exists dual reporting.
Under matrix structure for project management, the project manager is not allowed to use resources exclusively for the project i.e like in project management. Rather, such a manager is required to share resources with the organization.
Answer:
The horizon date of Holt Enterprises is at the end of the second year.
Explanation:
The horizon date is when there is a constant growth or the growth rate becomes constant. The horizon date is the last year in the free cash flow when the growth rate is constant. It is also called forecast horizon or terminal date because it is at the end of the forecast. At the horizon date, the firm becomes stable and profitable.
The horizon date of Holt Enterprises is at the end of the second year.
Answer:
The estimated inventory at May 31 is $352,549
Explanation:
In order to calculate the estimated inventory at May 31 we would have to calculate the following formula:
Estimated closing inventory=(resale of goods- sales in may)*(beginning inventory plus purchases/resale of goods
Estimated closing inventory=($1,020,000-$400,000)*($580,000)/$1,020,000)
Estimated closing inventory =($620,000*$580,000)/$1,020,000
Estimated closing inventory =$352,549
The estimated inventory at May 31 is $352,549
Answer:
Explanation:
For recording the transactions, the first step is to analyze each transaction from the source documents. After that reporting these transactions in a journal form. After that posting the entries to their respective accounts and then it would help to prepare the trial balance
The steps are shown below:
1. Analyze each transaction from source documents.
2. Record relevant transactions in a journal.
3. Post journal information to ledger accounts.
4. Prepare and analyze the trial balance.
