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3 years ago

1.) What are are the advantages and disadvantages of teams? Discussion Question( Managing Teams)

2 answers:

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Some advantages is that everyone has different strengths that can be used to build a better team. Some weaknesses are that not all team members get along and some don’t want to do the work.

Nastasia [14]3 years ago

3 0

Have a great day!!!!

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Which of the following items should be included in a company's inventory at the balance sheet date? A) Goods sold to a customer

Nikitich [7]

Answer:

The correct answer is C.

Explanation:

In the inventory of a company, when it is on the balance sheet date, goods in transit purchased at an f.o.b. shipping point must be included.

Goods in transit are goods that are not physically in the warehouse but have already been paid for by the company. This already acquired merchandise is property of the company, only that its arrival is only waited for to the deposit.

Have a nice day!

8 0

3 years ago

Read 2 more answers

In 2021, Short Construction began construction work under a four-year contract. The contract price is $2,000,000. Short recogniz

Masja [62]

Answer:

The appropriated answer will be "$1,700,000".

Explanation:

Revenue understood by completion percentage = Design balance throughout progress = $200,000

The percentage completion throughout the whole year will be:

⇒ $\frac{200,000}{2,000,000 }$

⇒ $10 \ percent$

The cost incurred throughout the whole year will be:

⇒ $Revenue \ recognized - Income \ on \ the \ contract$

⇒ $200,000 - 30,000$

⇒ $170,000$ ($)

Now,

The total estimated cost of the project at the end the year 2021 will be:

⇒ $\frac{170,000}{10 \ percent}$

⇒ $1,700,000$ ($)

6 0

3 years ago

Knowledge Check 03 On January 5, 2015, Barnaby, Inc., purchased a patent costing $100,000 with a useful life of 20 years. The co

Finger [1]

Answer:

The journal entry is as follows:

Explanation:

January 5 Patent A/c..................Dr $100,000

To Cash A/c............Cr $100,000

As patent is purchased so asset is increasing and any increase in asset would be debited. Therefore, patent account is debited. And it is purchased against cash and decrease in asset is credited. Therefore, cash account is credited.

December 31 Amortization expense- Patent................Dr $5,000

To Accumulated Amortization- Patent........Cr $5,000

Working Note:

Patent Cost is $100,000

Useful life is 20 years

Amortization expense = Patent Cost / Useful life of asset

= $100,000 / 20

= $5,000

7 0

3 years ago

Alfred is saving up money for a down payment on a townhouse. He currently has $5016$ 5016, but knows he can get a loan at a lowe

VikaD [51]

Answer:

It will take Alfred to accumulate the $5994 annually 4.1367 and monthly 4.0557

Explanation:

In order to calculate how long will it take Alfred to accumulate the $5994 we would have to use the following formula:

A=P(1+r/n)∧n*t

P=$5,016

A=$5994

r=4.4%

n=1 annually

n=12 monthly

Therefore, t annually would be as follows:

5,994=$5,016(1+(4.4%/100)/1)∧1*t

t=4.1367

Therefore, t monthly would be as follows:

5,994=$5,016(1+(4.4%/100)/12)∧12*t

t=4.0557

It will take Alfred to accumulate the $5994 annually 4.1367 and monthly 4.0557

7 0

3 years ago

The current sections of Buffalo Corp.’s balance sheets at December 31, 2016 and 2017, are presented here. Buffalo Corp.’s net in

Triss [41]

Answer and Explanation:

The preparation of the cash flow from operating activities is presented below:

Cash Flows from Operating Activities

Net income $155,448

Adjustments

Add: Depreciation Expense $27,432

Add: Decrease in Accounts receivable $9,144 (81,280 - 90,424)

Add: Decrease in Inventory $4,064 (170,688 - 174,752)

Less: Increase in Prepaid expenses -$5,080 (27,432 - 22,352)

Add: Increase in Accrued expenses payable $10,160 (15,240 - 5,080)

Less : Decrease in Accounts payable -$7,112 (86,360 - 93,472)

Total of adjustments $38,608

Net Cash Provided by Operating Activities $194,056

The outflow of cash represents in negative sign and the positive sign reflects the inflow of cash

6 0

3 years ago