Answer:
The Journal entries are as follows:
(i) Sale of Equipment
Cash A/c Dr. $20,300
Accumulated Depreciation A/c Dr. $22,500
To Equipment $40,000
To Gain $2,800
(To record the sale of equipment)
(ii) Sale of Equipment
Cash A/c Dr. $12,700
Accumulated Depreciation A/c Dr. $22,500
Loss A/c Dr. $4,800
To Equipment $40,000
(To record the sale of equipment)
Workings:
Accumulated Depreciation = [(40,000 - 2,500) ÷ 5] × 3 years
= 7,500 × 3 years
= $22,500
Answer: C. It gives the project manager authority.
Explanation:
A project charter is referred to as a formal document that describes what a project will be about. It shows the project objectives, how it will be done, the stakeholders etc
The project charter is used to formally outline a project and authorize it in an organization. It covers the scope of the project, budget, risks involved etc.
Therefore, the correct option is C
Economic development<span> is the sustained, concerted actions of policy makers and cummities </span><span>that promote the standerds of livng </span><span>and ecnominc health</span><span>of a specific area. </span><span>
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Answer:
wages and prices are often inflexible in the downward direction.
Explanation:
John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.
Keynes believed that wages and prices are often inflexible in the downward direction.
In Economics, when there are monetary disturbances and a great level of macroeconomic factors in the economy of a particular country, this usually result in prices of goods and services being sticky.