Answer: You shouldn't dwell on any negatives and weakness because you want to be truthful but also not show that you cant compose yourself and then it shows that your unable to service the job correctly.
Explanation:
Answer:
$251,000
Explanation:
The computation of the total book value of the firm's assets is shown below:
= Historical cost of building + cost of other fixed asset - total depreciation charged on the various assets + current liabilities + net working capital
= $189,000 + $56,000 - $49,000 + $36,600 + $18,400
= $251,000
We added the other cost which is computed above and deduct only the total depreciation so that the total book value of the firm's asset has come
Answer: Code of accounts.
Explanation:
In project management, a code of accounts is a vital tool in managing any project because it makes it easier to differentiate numerous parts of a project without the need to remember terminologies or lengthy names.
A code of accounts is the unique numbering or lettering whereby letters or numbers are attached to each unique part of the project during the work breakdown structure (WBS) stage. The assigned numbers and letters should not be changed throughout the project's life cycle.
Answer:
c. Increase interest receivable by $250
Explanation:
The question says that the interest and notes receivable amount will be received at maturity and till then the note is an asset while any interest accrued on the note will be our interest revenue and it will also be a current asset as it will be classified as receivable.
We calculate the interest on note receivable,
- 20000 * 0.05 = 1000
- 1000 is the total interest that will be receivable after one year on this notes of 20000
- The interest for the period from July to September is 1000 * 3/12 = 250
- So the interest income pertaining to the period ended 30 September is $250
- This will be recorded by the adjusting entry on 30 Sep as,
Interest Receivable 250 Dr
Interest Income 250 Cr
So, the answer is C.
