The statement above is FALSE.
During later project stages, .........................., the culture of the project is LESS conducive to making changes in work progress.
When a project is drawing to a close, it becomes relatively difficult to make important changes to the project plan. At this stage, any change in plan that is effected will be much costly compare to if the change has been made in the earlier stages.
Answer: The following would be true if the attorney charges Brendon using a retainer: <u><em>the attorney would charge separately for consultation and paperwork.</em></u>
The attorney from the firm will look into the case and thereby charge separately for consultation and paperwork.
<u><em>Therefore the correct option in this case is (b)</em></u>
Answer:
$4,000 gain
Explanation:
Some information was missing:
the spot rates for euros were:
- November 15, 20X3 $0.4955 per €1
- December 10, 20X3 $0.4875 per €1
- December 31, 20X3 $0.4675 per €1
- January 10, 20X4 $0.4475 per €1
In Chow's December 31, 20X3, income statement, the foreign exchange gain is ?
the goods costed €200,000 x 0.4875 = $97,500 on December 10, 20x3
the goods costed €200,000 x 0.4675 = $93,500 on December 31, 20x3
Since the goods were sold FOB shipping point, we have to use the shipping date (December 10) to calculate the original price. By December 31, the price in US dollars had decreased by $4,000 resulting in a foreign exchange gain.
Structure will give employees more clarity, help manage expectations, enable better decision-making and provide consistency.
