This is to ensure that they complete the project within the
appointed period of time as well as within the budget given to them. It also shows how effective the government is
in implementing their projects. If they
don’t do so within the period and the budget then people will question their
efficiency in completing their assignments and project within the period
prescribed.
Answer:
d. $51,500
Explanation:
Proceed from sale of the bonds
face value x quote
50,000 x 103/100 = 51,500
The company will recognize a gain from the sale of 1,500 dollars as it sold the investment for 51,500 while it was valued at 50,000 in their books
Answer:
There will be no effect on working capital upon write off as the entries required would be a credit to receivables and a debit to allowance account.
Explanation:
The allowance account is the account used to record receivables due that may not be collectible.
When a company has determined that a receivable may be uncollectible, the company credits the allowance for receivables account and debits bad debit expense. This reduces the accounts receivable balance in the balance sheet as the receivables to be reported will be net the allowance given. As such, where on December 31, 2020, Allowance account balance includes $3,076 for a past due account that is not likely to be collected.
There will be no effect on working capital upon write off as the entries required would be a credit to receivables and a debit to allowance account.
Answer:
A. last; equal to
Explanation:
Marginal product of labour is the change in total output as a result of a change in quantity of labour employed.
A profit maximising firm would produce up to a point where the marginal product of last factor enjoyed in equal to the factor's price.
The marginal cost of Labour should equal to the marginal product of labour
