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Nataly_w [17]
3 years ago
9

You are closing the accounts you used to bill the project costs, but you still have some lingering expenses. Which best practice

should you follow?
Business
1 answer:
Gre4nikov [31]3 years ago
3 0
Project management and managing finances are often seen as two separate things. On the face of it, this makes sense. After all, projects focus on the delivery of assets and accounting on recording and interpreting financial transactions.

But, these two aspects on their own only tell half the story. The success of any project relies on project management and billing working together.
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In macroland potential gdp equals $20 billion and real gdp equals $19.2 billion. macroland has a(n) ______ gap equal to ______ p
Jet001 [13]
Potential GDP = $20 
Real GDP =$19.2  
so an output gap is measured relative to potential output and it is calculated according to the formula [( X - Y ) Ă· Y] Ă—100. In this case, the output gap is [($10 billion - $8 billion) Ă· $8 billion] Ă—100 = 25%.
6 0
3 years ago
Which of the following asset accounts is increased when a receivable is collected? a.Accounts Payable b.Supplies c.Cash d.Accoun
Nikitich [7]

Answer:

(C) Cash

Explanation:

Receivables means deptors. These are obligations that has been honoured and value given, but you're yet to get cash. Receivables are seen as such. So the things you've given value to and you're yet to receive cash or payment for are receivables.

So when receivables are collected, then the asset account Cash is increased.

On the Delivery of goods or Services, the company debits Accounts Receivable and credits what is known as Sales Revenues or Service Revenues. When an account receivable is collected say 30 days later, the account receivables is reduced and the Cash or bank account is increased.

7 0
3 years ago
Lon has just come home from serving in the Marines and contracts with a local car dealership to purchase a car. The car must be
cricket20 [7]

Answer:

The correct answer is:  A novation.

Explanation:

A novation is the replacement of individuals in a contract with the consent of both parties. The new party takes all the obligation of the initial party and releases the last one from all duty. The novation must be signed for the transferor, the transferee, and the contracting party.

4 0
2 years ago
Whats the purpose for people to connect to products
MAVERICK [17]
So they will want to buy them if someone sees a product they like and maybe feels a connection to buy it then they will buy it
7 0
3 years ago
Read 2 more answers
I NEED HELP ASAP!!! A country recently had $800 billion worth of domestic investment and its residents purchased $400 billion wo
Mama L [17]

Answer: $500 billion

Explanation:

The country's savings will be explained below:

Savings = Domestic Investment + Net Capital Outflow

where, the net capital outflow will be:

= exports - imports

= $100 billion - $400 billion

= $-300 billion

Therefore, the country's savings will be:

= Domestic Investment + Net capital Outflow

= 800 + (-300)

= 800 - 300

= $500 billion

7 0
3 years ago
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