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Cloud [144]
3 years ago
6

While many projects may have a primary deliverable such as a house, almost all projects have additional deliverables such as doc

umentation and customer support.
true/false
Business
1 answer:
Ilia_Sergeevich [38]3 years ago
8 0

Answer:

True

Explanation:

Primary deliverable delivers the project to the customer as a house so that they can go through about it and communicate with the seller regarding their queries and the seller has a responsibility to solve their queries timely in an effective and efficient manner so that the buyer can take interest to purchase.  

And on the contrary, by doing this the seller makes his relationship with the buyer strong and long-lasting so seller provides customer support to the buyer. And when a buyer takes interest in the project so it is important that all the documentation should be fulfilled.

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In a mixed economy, how is output allocated? Question 4 options: Via the market mechanism Partly by the market mechanism and par
gladu [14]

Answer:

Partly by the market mechanism and partly by the political process.

Explanation:

Capitalist Economy is private owned economy, with no state control, having profit maximisation objective. Socialist economy is state (govt) owned economy, having social welfare objective.

Mixed Economy is an economy co-owned by private & government sector. The goal is to achieve balance between profit maximisation & social welfare. The central problems of economy 'what, how, for whom to produce' are solved by both private & government sector. Output is allocated both on the basis of free market demand & supply mechanism, also on the basis of state/ govt (political) process. The govt (political) process regulates & monitors private role through various market interventions :- maximum quotas, price ceiling, price floor etc.

7 0
3 years ago
______________ organizations scatter it components in different locations to address local business needs.
Elan Coil [88]
Decentralized organizations

6 0
3 years ago
Koczela Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 28,000 $ 23,0
astraxan [27]

Answer:

COGS= $241,000

Explanation:

<u>First, we need to calculate the cost of goods manufactured with allocated overhead:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 28,000 + 68,000 + 98,000 + 72,000 - 23,000

cost of goods manufactured= $243,000

<u>Now, we determine the cost of goods sold:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 57,000 + 243,000 - 61,000

COGS= $239,000

<u>Finally, we close the under/over applied overhead to COGS:</u>

<u></u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 74,000 - 72,000

Underapplied overhead= $2,000

<u>We need to debit COGS and credit overhead:</u>

COGS     2,000

   Manufacturing overhead      2,000

COGS= 239,000 + 2,000

COGS= $241,000

5 0
3 years ago
Cash interest is computed annually when a bond is issued for other than its face value. For a bond issued at a premium, how will
sergeinik [125]

Answer:

Under the effective interest method, as a bond approaches maturity, the interest expense decreases while the amortization of the bond premium increases.

Explanation:

E.g. a company issues $800,000 in 8% bonds when the market rate is 7%, so the bonds price is $856,850 (semiannual coupons are paid).

Journal entry to record the issuance

Dr Cash 856,850

    Cr Bonds payable 800,000

   Cr Premium on bonds payable 56,850

amortization of bond premium on first coupon payment:

($856,850 x 3.5%) - ($800,000 x 4%) = $29,989.75 - $32,000 = -$2,010.25 ≈ -$2,010

Journal entry to record first coupon payment:

Dr Interest expense 29,990

Dr Premium on bonds payable 2,010

    Cr Cash 32,000

amortization of bond premium on second coupon payment:

($854,840 x 3.5%) - ($800,000 x 4%) = $29,919.40 - $32,000 = -$2,080.60 ≈ -$2,081

Journal entry to record second coupon payment:

Dr Interest expense 29,919

Dr Premium on bonds payable 2,081

    Cr Cash 32,000

7 0
3 years ago
The Marchetti Soup Company entered into the following transactions during the month of June:
fiasKO [112]

Answer:

Explanation:

The journal entries are shown below:

1. Merchandise Inventory A/c Dr $200,000

             To Account payable A/c $200,000

(Being the inventory purchased is recorded)

2. Salaries Expense A/c Dr $51,000

                      To Cash A/c $51,000

(Being salaries expenses are paid for cash)

3. Cost of goods sold A/c Dr $142,000

               To Merchandise Inventory $142,000

(Being the merchandise is sold for cost)

Accounts receivable A/c Dr $255,000

                To Sales revenue A/c  $255,00

(Being the merchandise is sold on credit)

4.  Cash A/c Dr $235,000

        To Accounts receivable A/c $235,000

(Being the cash is collected)

5. Accounts payable A/c Dr 180,000

           To Cash A/c 180,000

(Being cash is paid)

3 0
3 years ago
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