Answer:
differences within the project team
Explanation:
There are usually a lot of differences between people in a project team. This makes the team to be more diversified and if these differences are not are not valued as a strength, they can lead to low morale, diminished trust, reduced productivity, greater tension, and suspicion and become a serious impediment to team performance. The team members are from different cultural groups and there may be issues in sharing knowledge, trust and productivity. If such issues are not tackled on time, they may become greater problems for an organization.
A) it is more accurate than accrual accounting.
Answer:
$52,000
Explanation:
Given the below data
Cash collected(Sales)
= $72,800
Expenses paid = $21,000
Depreciation expenses = $4,400
Increased in accounts receivable = $4,200
Molly's accrued net income is calculated as;
Sales
$72,800
Less expenses
($21,000)
Cash income
$51,800
Less depreciation
($4,400)
Add accounts receivable
$4,200
Less reduction in prepaid expense
($1,500)
Add reduction in Accrued liabilities
$1,900
Accrual basis net income
$52,000
Note*
We added depreciation because it is an expense hence reduces
Increase in accounts receivable means that some sale have been made but not yet paid for; meaning sales increases and was added.
Reduction in prepaid expenses means that some previously paid expenses were not recognized, hence needed to be recognized now. This will however be added to expenses.
Reduction in accrued liabilities means that expenses incurred in previous period have now been paid off hence must be reduced from cash expenses.
Answer:
Efficiency requires that one lighthouse is built since the willingness to pay of all the residents together is larger than the cost of providing the lighthouse
Explanation:
Since the lighthouse is a public good, according to the coase theorem, if the combined willingness to pay for the lighthouse of all of the people living on the islands is higher than the cost of the lighthouse, then a lighthouse should be built.
The total willingness to pay is:
The population willingness to pay is higher than the cost of building one lighthouse ($2000) but lower than the cost of building two lighthouses ($4000). Therefore, efficiency requires that one lighthouse is built since the willingness to pay of all the residents together is larger than the cost of providing the lighthouse.
Answer:
Majors, as well as GPA and standardized test results all influence latter chance for employment and future income
Explanation:
Student's major, and standardized test results all influence later chances for employment and future income. A student's GPA should positively affect income as well (Oehrlein 2009) . This is approved both by screening theory and human capital theory. Screening theory says that employers tend to hire students with higher college GPA. Based on human capital theory, students often have less working experience and therefore their college grades are best example of their abilities and working habits. Some majors are also higher paying, because they are riskier or more challenging, like medical science or engineering. Also, some majors give more straightforward training like the one in computer science, making higher grades more desirable.