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4 years ago

2. Why is defining activities a process of project schedule management instead of project scope management

Business

1 answer:

Greeley [361]4 years ago

6 0

Answer:

Explanation:

Project schedule management is the allocation of timeframe to the task s to be done for a project to be successful while project scope management show the work that needs to be done.

Defining activities is a process of project schedule management, because it simply concentrates on how and when a task will be carried out while in project scope management l, the focus is on the work that will be performed on a project.

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On March 12, Medical Waste Services provides services on account to Grace Hospital for $9,100, terms 2/10, n/30. Grace pays for

const2013 [10]

Answer and Explanation:

The journal entries are shown below:

On Mar 12

Account receivable Dr $9,100

To Service revenue $9,100

(Being the service provided on the account is recorded)

For recording this we debited the account receivable as it increased the assets and credited the service revenue as it also increased the revenue

On Mar 20

Cash $8,918

Sales discount ($9,100 × 2%) $182

To Accounts receivable $9,100

(Being cash received recorded)

For recording this we debited the sales discount and cash as it increased the discount and assets and credited the account receivable as it reduced the assets

7 0

4 years ago

The accounting records of Nash Inc. show the following data for 2017 (its first year of operations).

Inga [223]

Answer:

Nash Inc.

1. A schedule of taxable income for 2017:

Pretax financial income = $850,000

add:

1. Life Insurance for officers 13,000

2. Interest on Iowa bonds (4,000)

Excess Depreciation (30,700) ($92,100 - $61,405)

Non-tax allowed warranties 45,000 ($55,000 - $10,000)

Adjusted pre-tax income $873,300

Income tax expense (30%) $261,990

2. Journal entry:

Debit Income tax expense $261,990

Credit Income tax payable $261,990

To record income tax payable.

Debit Deferred Tax Asset $13,550

Credit Profit and Loss Account $13,550

To record the deferred tax asset.

Debit Profit and Loss Account $9,210

Credit Deferred Tax Liability $9,210

To record the deferred tax liability.

Explanation:

a) Data and Analysis:

Pretax financial income = $850,000

add:

1. Life Insurance for officers 13,000

2. Interest on Iowa bonds (4,000)

Excess Depreciation (30,700) ($92,100 - $61,405)

Non-tax allowed warranties 45,000 ($55,000 - $10,000)

Adjusted pre-tax income $873,300

Income tax expense (30%) $261,990

Depreciation Excess/Differences:

Equipment cost = $307,000

Depreciation with straight line (5 years)

Annual accounting depreciation expense = $61,400 ($307,000/5)

Annual taxation depreciation expense = $92,100 ($307,000 * 30%)

Deferred tax liability:

Excess Depreciation (30,700) * 30% = $9,210

Deferred tax asset:

Non-tax allowed warranties 45,000 * 30$ = $13,550

3 0

3 years ago

What is an easy way to convert an hourly wage into an approximate full-time annual wage?

polet [3.4K]

Convert Hours per shift into total days worked for a week then convert it into total 365 - Days working + Hourly Pay

8 0

3 years ago

You choose to complete your homework rather than watch television so that you can earn a good grade. You made the choice with th

soldier1979 [14.2K]

<h2>You made the choice with the lowest "Opportunity cost".</h2>

Explanation:

Opportunity cost in simple terms, can be explained as "You get one by losing the other".

So why this opportunity cost is necessary? Let us understand.

This plays a significant role in "Personal finances". This is the effective part to be learnt to make decisions on finance.

Some of the real life examples are listed below:

Attending the interview is important than attending an entertainment event
Only if you spend time and money you can see a movie

"Theorie der gesellschaftlichen Wirtschaft" coined the word "opportunity cost".

7 0

3 years ago

The Federal Reserve decreases the money supply by 5 percent. Use the theory of liquidity preference to illustrate the impact of

Mama L [17]

Answer:

1 and 2: Find attached of the graph

3. The correct answers are:

(a) Price level will fall.

b)The demand for money will fall

Explanation:

(1) A fall in money supply will shift the money supply curve leftward, increasing interest rate and quantity of money. See the first attachment for the graph.

(2) Lower money supply will decrease aggregate demand, shifting AD curve leftward, decreasing both price level and output. See the second attachment for the graph.

(3) The following will happen during transition:

- --(a) Price level will fall.

-- b)The demand for money will fall

4 0

4 years ago