Answer:
a. NSF check ⇒ non-sufficient funds check: it is a debit memo that decreases the account balance. One or more of the checks from third parties that you deposited didn't have enough funds to be cashed.
b. EFT deposit ⇒ electronic funds transfer: credit memo that increases the account balance. Someone deposited money to your account through an electronic transfer, e.g. online transfer.
c. Service charge ⇒ debit memo that decreases the account balance. This is a fee charged to you by the bank for the banking services provided.
d. Bank correction of an error from recording a $300 check as $30 ⇒ debit memo that decreases account balance. A check that you wrote was erroneously recorded as $30 when its value was $300.
The three main logical operators are ___and_____, ____or_____, and ____not____.
Answer: Revenues will be understated
Explanation:
Adjusting entries are journal entries which are made by businesses at the end of a particular accounting period in order to show the income and expenditure at the particular period they took place.
Since the architecture firm earned earned $2040 for architecture services and the fee was agreed to be paid in the future. Since the fee has not been paid by the end of the accounting period and no adjusting entry is made, the revenue will be understated because the $2040 earned won't reflect in the revenue.
Answer:
D : project's rate of return is less than the required rate of return.
Explanation:
Net present value (NPV) is a projects evaluation technique that analyzes the present values of predicted future revenues and expenses. In other words, NPV is the current value of future inflows minus costs. In calculating the NPV, future values are discounted with an appropriate discount rate to give the present value.
The NPV can be a positive, zero or negative. Projects with positive NPV are preferred because they are considered profitable. A negative NPV signals that the present value of the expected inflows is lower than the current value of the projected cost at the required discount rate. If the discount rate is maintained, the project is a loss-making venture.
The use of a very high discount rate may give any projects a negative NPV.
Answer:
I notice two possible issues here:
First, focusing on selling only the base model might increase total sales volume but might not increase profits. Generally, premium models are more expensive and yield a higher contribution margin. I might be wrong here because there is no mention to contribution margins, but generally things work differently. E.g. car salespeople do not usually offer the base model first, they generally show the highest trims.
Second, in countries like Japan, common goals for groups might work since the culture is much more collaborative between group members. But in the US, where performance and success is measured on a much more personal way, it might not work very well. It doesn't mean that team work is no good, but making the whole group responsible for reaching a certain sales goal is not adequate. Imagine that you manage to increase your sales by 15%, but since the total sales of the entire group didn't increase as much and didn't meet the stated goals. What will happen to you? Under normal conditions, increasing sales in such a way would probably result in a bonus besides higher sales commissions.