Answer:
A. Analyze the project budget.
Explanation:
The first step in the project control process for measuring and evaluating project performance is to Analyze the project budget. This has been agreed upon by all as the first necessary step as it allows you to know how much money you are working with and gives you and all those involved what may or may not be possible when designing the project.
Answer:
The amount of account payable on October 31, 2015 would be $25,000.
Explanation:
Given information -
Opening account payable balance on October 1 - $40,000
Purchase made in the month of October is - $33,000
Now by adding both the opening balance and purchase , we will get the total amount to be payable for the month of October,
$40,000 + $33,000
= $73,000
Now it is given that Padilla industries have made some payments on account - $48,000
Subtracting this amount paid from total account payable , we will get how much amount is left to be paid in October ( 31 )
$73,000 - $48,000
= $25,000
Answer:
$405,458
Explanation:
Date of acquisition - 01/04/2015
Date of disposal - 01/05/2018
Time line - 3years 1 month
Useful life - 5years
Salvage value - $68000
Depreciation method - Straight line
Cost of Asset - $725,000
Annual Depreciation = (725000-68000)/5 =657,000/5 = 131500
Accumulated depreciation = (131500*3) + 131500/12
$394,500+10,958
Answer:
COGS= $130,000
Ending inventory= $110,000
Explanation:
Giving the following information:
Units sold= 500
Purchases:
Dec. 1= 300 units at $250
Dec. 8= 600 units at $275
<u>To calculate the cost of goods sold under the FIFO (first-in, first-out) method, we need to use the cost of the firsts units incorporated into inventory:</u>
COGS= 300*250 + 200*275
COGS= $130,000
<u>Now, the ending inventory:</u>
Ending inventory= 400*275= $110,000
