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3 years ago

15

Some managers belive that they have "seat of the pants" intuition and do not need project management tools. does that make sense

to you? why or why not?

1 answer:

leonid [27]3 years ago

8 0

Yes because u got to have tools to do a project

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Prepare a multiple-step income statement for Surry Co. from the following data for the year ended December 31, 2016. Sales $915,

gavmur [86]

Answer:

Surry Co.

Income Statement for the year ended December 31, 2016

Sales $915000

Less Cost of Merchandise Sold $670000

Gross Profit $245000

<u>LESS OPERATING INCOME</u>

<u><em>Selling Expenses</em></u>

Customer Refunds and allowances $ 55000

Selling expenses $ 120000 $175000

<u><em>Administrative Expenses</em></u>

Administrative expenses $ 30000 $30000

Total Operating expenses $205000

Operating Income $ 40000

<u>NON-OPERATING INCOME</u>

Interest Expense ($12000)

Rent Revenue $19000

Total Non-operating Income $ 7000

Net Income $47000

Explanation:

A multiple-step Income Statement separate Operating Revenues and Operating Expenses from Non-Operating Revenues and Non-Operating Expense.

6 0

3 years ago

Miller’s Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number

IrinaK [193]

Answer:

The correct answer is option b.

Explanation:

A dairy is producing 960 gallons of milk per day.

Each milker works 8 hours and produces the same amount of milk.

For per hour of labor the diary produces 12 gallons of milk.

Quantity of milk produced by a labor in 8 hours

= $Production\ in\ one\ hour\times No.\ of\ hours$

= $12\times 8$

= 96 gallons

The number of workers required to produce 960 gallons per day

= $\frac{Total\ daily\ Production}{Daily\ production\ by\ each\ labor}$

= $\frac{960}{96}$

= 10 workers

6 0

3 years ago

A portfolio consists of 40% in Security A and 60% in Security B. The covariance matrix for A is 144, 225; for B is 225, 81. The

zheka24 [161]

Answer:

A portfolio consists of 40% in Security A and 60% in Security B. The covariance matrix for A is 144, 225; for B is 225, 81. The standard deviation for the portfolio is <u>12.7</u>

Option D is correct

Explanation:

Wa: 0.4

Wb: 0.6

a^2: 144

b^2: 81

Cov(a,b): 225

Portfolio Variance:

: (0.4*0.4*144) + (0.6*0.6*81) + (2*0.4*0.6*225)

: 160.2

Portfolio Standard Deviation: 12.7

6 0

4 years ago

Read 2 more answers

Stock Investment Transactions On September 12, 3,600 shares of Aspen Company are acquired at a price of $45.00 per share plus a

Komok [63]

Answer and Explanation:

According to the scenario, journal entries for the given data are as follows:

Journal Entries

Sep. 12 Stock investment in Aspen company A/c Dr. $162,180 (3,600×$45)+$180

To Cash A/c $162,180

( Being purchase is recorded)

Oct. 15 Cash A/c Dr. $4320 (3,600×$1.2)

To Revenue from dividend A/c $4320

( Being dividend revenue is recorded )

Nov. 10 Cash A/c Dr. $54,648 (1,440×$38)-$72

Loss due to sale of investment A/c Dr. $10,224 ($64,872 - $54,648)

To Investment in Aspen company investment A/c $64,872 (1,440× $45)+$72

( Being sale is recorded)

6 0

3 years ago

company purchased 200 units for $40 each on January 31. It purchased 115 units for $50 each on February 28. It sold 175 units fo

ziro4ka [17]

Answer:

$8150

Explanation:

As the perpetual inventory system used for determining the Cost of Goods Sold is LIFO (lastminus-in, firstminus-out), we should consider that the first goods sold are the ones purchased last. So, from the total of 175 units sold, 115 are the ones purchased later (at a $50 cost) and 60 belong to the units purchased first (at $40 cost).

So to determine the total Cost of Goods Sold is 50*115+60*40= $8150

5 0

3 years ago