Answer:
a. True
Explanation:
In case when the cash is received from the sale, so here the total assets is increased i.e. rise in current assets that is cash account and the stockholder equity is also increased as the revenue is also increased which ultimately increased the equity
The journal entry is
Cash Dr XXXXX
To Sales revenue XXXXX
(Being cash is received is recorded)
hence, the given statement is true
Answer:
The direct Labor for planning the budget of May would be closest to = $ 6.4 * 6900 = $ 44160
Explanation:
The direct Labor for planning the budget of May would be closest to = $ 6.4 * 6900 = $ 44160
The direct Labor for planning the budget of 6,900 units would be = $ 6.4 * 6900 = $ 44160
The direct Labor for planning the budget of 6,850 units would be = $ 6.4 * 6850 = $ 43840
So the difference between the budgeted direct labor and actual direct labor would be =$ 43840- $43,370 = $ 470
So the difference between the budgeted direct labor for estimated output and actual direct labor would be = $ 44160- $43,370 = $ 790
Answer:
The answer is given below;
Explanation:
a. Bad Debt Expense Dr.$800
Account Receivable Cr.$800
b. $84,000*11%= $9,240
Credit balance in trail balance ($1,450)
Total $7,790
Bad Debt Expense Dr.$7,790
Account Receivable Cr.$7,790
C. Debit Balance $400
84,000*9%= $7,560
Total $7,960
Bad Debt Expense Dr.$7,960
Account Receivable Cr.$7,960
Answer:
Develop project management plan
Explanation:
Project integration management is the coordination of all aspects of a project. It involves coordination of the following: tasks, stakeholders, resources, along with any issues arising from parties in the project, evaluating resources, and making choices between different lines of action.
So developing a project management plan is a process that fall under integration management as defined.
Answer:
$271.97
Explanation:
For this question we use the PMT i.e monthly payment that is presented on the attached spreadsheet. Kindly find it below:
Data provided in the question
Given that,
Present value = $30,000
Future value = $0
Rate of interest = 4.70% ÷ 12 months = 0.391666%
NPER = 10 years × 12 months = 120 months
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payment is $271.97