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3 years ago

12

Rachel is on her way to an interview for the position of a project manager. She is trying to prepare for this interview by analy

zing her own skills. Which of Rachel’s skills is relevant to the position of a project manager?

1 answer:

Lubov Fominskaja [6]3 years ago

7 0

Answer:

Leadership.

Negotiation.

Scheduling.

Cost Control.

Risk Management.

Contract Management.

Critical Thinking.

Communication.

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alexira [117]

Answer:

yes it is because United States has always been a health crises foreign country

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1 year ago

Mark or Make is a bourbon distillery. Sales have been steady for the past three years, and operating costs have remained unchang

schepotkina [342]

Answer:

a. No allocation

2019 2020 2021

Gross Profit on Sales 350,000 349,000 351,000

Less: Operating Expense <u>210,000</u> <u>210,000</u> <u>210,000</u>

Gross Revenue 140,000 139,000 141,000

Rent (Prepaid) 0 0 0

Revenue after Rent paid 140,000 139,000 141,000

Less: Corporate Taxes at 30% <u>42,000 41,700 42,300</u>

Net Income <u>$98,000 $97,300 $98,700</u>

<u></u>

Considerations for No Allocation

- Taxes are to be deducted from Gross Profit.

- Rent not to be deducted from Gross Profit.

b. Comprehensive Allocation

2019 2020 2021

Gross Profit on Sales 350,000 349,000 351,000

Less: Operating Expense <u>210,000</u> <u>210,000</u> <u>210,000</u>

Gross Revenue 140,000 139,000 141,000

Rent (Prepaid) <u>60,000</u> <u>60,000</u> <u>60,000</u>

Revenue after Rent paid 80,000 79,000 81,000

Less: Corporate Taxes at 30% <u>24,000</u> <u>23,700</u> <u>24,300</u>

Net Income <u>56,000</u> <u>55,300</u> <u>56,700</u>

Considerations for Comprehensive Allocation

- Taxes are to be deducted from Gross Profit.

- Rent is to be deducted from Gross Profit.

c. No allocation distorts Mark or Make’s Net Income for all three years. This is because if Rent is not allocated taxes will be calculated on Gross Revenue. That is to say, Rent is a Non-Operating Expense and hence is to be deducted from Revenue to Calculate the Taxes. When Revenue is reduced, obviously, the taxes will be reduced. Hence, less income is seen in Comprehensive Income Statement and more Revenue is seen in Simple - Non Comprehensive Statement.

4 0

3 years ago

Company uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to , and man

yanalaym [24]

Complete Question:

Company uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $500,000, and management estimates 2% will be uncollectible. The amount of expense to report on the income statement was $8,000. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $2,000. The balance of Allowance for Uncollectible Accounts, after adjustment, will be

Answer:

The balance of Allowance for Uncollectible Accounts, after adjustment, will be

$10,000

Explanation:

a) Data and Calculations:

Net credit sales = $500,000

Uncollectible estimate = 2% of net credit sales

Uncollectible Accounts expense = $8,000

Allowance for Uncollectible Accounts = $2,000 before adjustment

Allowance for Uncollectible after adjustment = $500,000 * 2% = $10,000

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3 years ago

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kipiarov [429]

Answer: When an organization uses an employment practice that results in unfavorable outcomes to a protected class it is known as the adverse impact principle.

This act takes place when a organization, wittingly or not, takes an action that will result in a individual's employment opportunity due to some elements beyond the individual's control.

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Sidana [21]

Answer:

Social responsibility

Explanation:

Social responsibility is the way a company's managers and employees view their duty or obligation to make decisions that protect, enhance, and promote the welfare and well-being of stakeholders and society as a whole.

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3 years ago