Solution:
In years Best estimate of return Working note
5 12.36% ((5-1)/(40-1)*0.1024)+((40-5)/(40-1)*0.126)
10 12.06% ((10-1)/(40-1)*0.1024)+((40-10)/(40-1)*0.126)
20 11.45% ((20-1)/(40-1)*0.1024)+((40-20)/(40-1)*0.126)
The formula for the return on assets is calculated by dividing the net income by the total average assets. The profit margin and total asset sales can also be represented as a consequence of this ratio. For the calculation of the total asset return, either formula may be used.
Answer:
b. The project manager outlines the project goals
Explanation:
As the name suggests, a project kick off meeting refers to the first and foremost meeting between project manager and his team and the clients of a project when commencing a new project.
The purpose behind such a meeting is to familiarize the project team, make them better understand the project and it's requirements and agreeing upon a plan of work together to accomplish the task.
Following steps would be noteworthy for conducting an effective project kick off meeting:
- The project manager prepares his team and outlines and conveys the project goals to the team members and how they are to be attained.
- Beginning the project client relationship on a good note and gaining client's support.
- Putting one's best efforts with a systematic planned approach for the project kick off client meeting.
Answer:
General Journal Debit Credit
1 Cash 2600
Unearned revenue 2600
(To record gift cards sold)
2 Unearned revenue 832
Sales tax payable 32
Sales revenue 800
(To record gift cards redeemed)
Answer:
The correct answer is option d.
Explanation:
The total economic costs include both explicit as well as implicit costs. The explicit costs are the direct costs incurred and the implicit costs are opportunity costs.
An increase in the opportunity cost will cause the total economic costs to increase. The net benefit is the difference between the total revenue earned and the total cost incurred. An increase in the opportunity cost will cause a net benefit to decrease as total costs will increase.
