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e-lub [12.9K]
3 years ago
10

Differentiate between accounting and bookkeeping

Business
1 answer:
UkoKoshka [18]3 years ago
5 0
Accounting adds and subtracts numbers billing etc.
Bookkeeping just organizes and stores imformation.
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1. It is said that a delay in critical path activity will delay the project, while a delay in a noncritical path activity will n
Taya2010 [7]

Answer:

1. The need to specify "not necessarily" delay the project implies that the presence of positive slack or float enables a project to be completed without regard to the noncritical path activity.

2. A project necessarily possesses some form of deadline because deadlines help a project team to collaborate toward achieving the shared goal.  Another reason for a deadline is to keep complex projects on track. Deadlines also help to set project delivery expectations. Deadlines eliminate confusion in the execution of projects.  A project without a deadline looks meaningless and unimportant.

3. Task C's early finish time = 7 days.

4. The slack in task E = 2 days.

Explanation:

a) Task C's immediate predecessors = Tasks A and B

Task A's early finish time = 3 days

Task B's early finish time = 5 days

Task C's duration = 2 days

Therefore, task C's early finish time = 5 + 2 = 7 days

b) Task E's early start time = 3 days

Task E's early finish time = 5 days

Task E's late start time = 10 days

Task E's late finish time = 12 days

Slack in task E = 5 - 3 = 2 days

c) Task E can be finished in 3 days (e.g. from day 10 to day 12), but it was allocated an early completion time of 5 days.  This implies that there is a slack of 2 days.

4 0
3 years ago
The ready availability of so much information catches some managers in this dilemma. 1. data overload 2. analysis paralysis 3. i
Rasek [7]

Answer:

Analysis Paralysis

Explanation:

it happens as a result an inability to make a decision due to overthinking of the available alternatives, possibilities and data. This is one of the major causes for project delay, draining project planning sessions, the gathering of unnecessary data, and slow movement between production stages.

4 0
3 years ago
Which of the following is true about the Grange? 1. It established cooperatives for storing and marketing farm output. 2. It pus
san4es73 [151]

Answer:

1) It established cooperatives for storing and marketing farm output.

Explanation:

The Grange or Granger organizations started in 1867 and were organized to help farmers purchase machinery, build grain elevators, and pressure the government into acting against the abuses made by railroad monopolies. They grew and spread extremely rapidly across America, by 1870 they had over 1 million members, and finally were able to lobby the government into making antitrust laws.

5 0
3 years ago
The Allowance for Doubtful Accounts: Multiple Choice Is credited when bad debts expense is estimated and recorded. All of the op
antiseptic1488 [7]

Answer: All of the options are correct.

Explanation:

The Allowance for Doubtful Account is a contra account because it reduces the value of the Accounts Receivable Account and does so in order to account for the possibility that some customers will not pay the amounts they owe.

It is credited when Bad debts are estimated and recorded; that way this reduction in Accounts receivable does not have to go out of the Accounts Receivable account directly.This will ensure that the Accounts Receivable Account is not volatile as it attempts to keep up with all the bad debts incurred.

6 0
3 years ago
Which of the following statements is CORRECT? Since depreciation increases the firm's net cash provided by operating activities,
jek_recluse [69]

Answer:

The correct statement is A firm can show a large amount of retained earnings on its balance sheet yet need to borrow cash to make required payments.

Explanation:

8 0
3 years ago
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