1) A. C.
2) A. E.
3) B. C.
4) B. F.
5) A. E.
6) A. C.
7) B. F.
8) B. C.
Explanation:
1) Delta Airlines provided flights this month for customers who paid cash last month for tickets. Revenue has been earned. Liability has been incurred.
2) GSD+M completed work on an advertising campaign that will be collected next month. Revenue has been earned. Asset has been acquired.
3) Abercrombie received a telephone bill for services this month, which must be paid next month. Expense has been incurred. Liability has been incurred.
4) The Tiger Woods Foundation used up some of the benefits of its 35,000-square-foot building. Expense has been incurred. Asset has been used up.
5) IBM completed a consulting project for the CDC to simulate the spread of contagious viruses and will be paid next month. Revenue has been earned. Asset has been acquired.
6) This month Apple, Inc. redeemed iTunes gift cards that had been issued last month. Revenue has been earned. Liability has been incurred.
7) Schutt Sports used up some of the benefits of its football helmet manufacturing equipment. Expense has been incurred. Asset has been used up.
8) Procter & Gamble received a bill for this months advertising services, which it will pay next month. Expense has been incurred. Liability has been incurred.
Answer:
C : $50,050
Explanation:
Budgeted sales: $400,000
Budgeted Comission expense: $16,000
Budgeted shipping expenses: $4,500
Budgeted marketing costs: $12,000
Budgeted utility bills: $750
Budgeted depreciation expense: $8,800
Budgeted bad expense: $8,000
The sum of all those expenses is $50,050.
The totality of the expeneses listed in the question are part of the budgeted income statement, except for the budgeted revenue, because it is obviously not a expense.
Answer:
The correct answer is: the cost of it.
Explanation:
To begin with, knowing that planning, organizating, controling and directing are the basis of an structured company in order to achieve efficiently those there is a cost that has to be done, therefore that the major drawback of becoming more structured in the company is the cost of doing it, due to the fact that creating documents and teaching every one how to use it and more, the costs of the company will increase as well as the company will become more structured.
Answer:
a) the project should be accepted because its NPV is positive ($25,693.36)
b) if the required rate of return is 20%, the NPV = -$14,636.41
c) the project should be rejected because its NPV is negative
Explanation:
initial outlay year 0 -$88,000
cash flows years 1 - 9= $18,200
required rate of return = 8%
NPV = $25,693.36
required rate of return = 20%
NPV = -$14,636.41
the project's IRR = 14.63%
Answer:
A. promoting social justice
Explanation:
Discrimination in any manner is prohibited at all the public places, and work places are part of such places covered.
There cannot be any discrimination on the grounds of religion, color, gender, or by any other categorization.
In this manner, every individual is treated equally, irrespective of the background he or she belongs too.
This provides a social justice to every individual. In this manner the social status, personality is not hindered.
