TRUE
The project culture should be as ethical as possible and the project manager and sponsor should works towards inculcating ethics in the team members
Answer:
False
Explanation:
Given that,
Accounts receivable = $30,000
Factoring fee charged = 2%
Therefore,
Factory fee = 2% of Accounts receivable
= 2% × $30,000
= $600
The amount $600 has to be subtracted from the accounts receivable.
Hence, the journal entry is as follows;
Cash A/c ($30,000 - $600) Dr. $29,400
Factory fee Expense A/c Dr. $600
To Accounts Receivable $30,000
(To record the account receivable)
B. <span>adverse selection of wage cuts
The </span><span>adverse selection of wage cuts is one of the economic theory to explain why wage are less likely to decrease than increase.
Some of this theories revolve around laws and institution: for example, if the firm is paying only a minimum wage to its employees, it is illegal to reduce that wage.
There are other theories that try to identify the factors behind this pattern: one, the adverse selection of wage cuts argument, describe a situation in which if the employer cut all wages in order to meet the poor requests of the market, the employees that are most likely to stay are the less valuable one, as the most valuable will find a new job elsewhere.</span>
Answer:
Snap on the report as the tax expenses will be $244.427
Explanation:
We have given income before tax in 2016 = $801.4 million
Effective rate tax = 30.5 % = 0.305
We have to find the snap on report as tax expense
Tax expenses is given by
Tax expense
So snap on the report as the tax expenses will be $244.427
Answer:
17,320.5
Explanation:
Calculation to determine the external financing needed
Using this formula
External Financing Needed = Increase in current assets+Increase in non current assets-Increase in spontaneous liabilities -Retained earnings
External Financing Needed = (42,500*13%)+45,000-(24,650*13%)-30000
External Financing Needed = 5,525+45,000-3,204.5-30,000
External Financing Needed =17,320.5
Therefore the external financing needed will be
17,320.5