Answer:
The IRS's claim (that the average time it takes to complete a project is < 6 months) is wrong. It takes the Department 23.52 months to complete a project.
Explanation:
a) Data and Calculations:
Number of projects "on the Department’s plate" (I) = 588 Projects
Average projects completed per year (R) = 300 Projects
Therefore, the flow time (the average time to complete a project by the department), T, = I / R
= 588 / 300 = 1.96 years = 1.96 X 12 = 23.52 months
b) The steps to calculate flow time (the amount of time a flow unit spends in a business process from beginning to end) are given as:
1. The number of projects handled over a period of time.
2. Let R = the number of units produced / duration of time period .
3. Compute the average inventory (I).
4. Compute flow time T =I/R.
Answer:
The answer isD
Explanation:
EUACgas = $2,084; EUACelectr = $1,739; Choose electric pump
EUAC gas=(2400-300)(A/P,10%,5) +300*0.10+1200+300=$2083.98
EUAC electric=(6000-600)(A/P,10%,10)+600(0.10)+750+50=$1739.
Answer: a. Assets increase by $125,000 and liabilities increase by $125,000
Explanation:
The Office equipment bought are considered PPE which means they are fixed assets. Their acquisition will increase the assets held by the company by the value of the equipment, $125,000.
The equipment was however, bought on credit. This means that the company still owes the suppliers, payment for it which will see their liabilities increase by the same amount of $125,000.
Answer:
December 31, Year 1 DR. Cr.
Accrued Interest Expense $7,500
Interest Payable $7,500
Explanation:
On December 31 Year 1 Interest was accrued and It was recorded by the Lighting Fixtures Inc. (LFI) but its outstanding now. Lighting Fixtures Inc. (LFI) paid the interest on January 15, at this time a payment entry of a payable interest was be made. Expense was charged on December 31 of year 1.
FDI , Foreign direct investment
