Project managers should try to limit and decrease the size of teams or subteams to avoid making communications too complex.
<h3>How do project managers manage communication in the workplace?</h3>
Successful project managers communicate through a variety of channels using both formal and informal means. This increases the likelihood that messages will be received. To lessen the likelihood of a communication breakdown, use straightforward language, stay on topic, keep messages brief, and provide all the information in one location.
6 effective methods for project team communication
1. Gather frequently. Hold regular team meetings to discuss strategies. ...
2. Be welcoming. ...
3. Be frank, precise, and succinct. ...
4. Display some decency. ...
5. Realize that you might not always be right. ...
6. Utilize online teamwork tools.
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Answer:
Last Fiscal Year:
Interest Expense = $5550
Current Fiscal Year:
Interest Expense = $11100
Explanation:
According to the accrual basis of accounting, the expenses and revenues relating to a certain period should be recorded in that particular period whether of not they have been received. The fiscal year of Kieso ends on 31 December and as the loan was taken one month prior to the start of the current fiscal year, it was taken at the start of December of last fiscal year.
This means that the interest expense on loan relating to last December will be charged to the last fiscal year and the interest expense relating to January and February will be charged to the current fiscal year. The interest expense amount will be calculated as follows,
Last Fiscal Year = 740000 * 9% * 1/12 => $5550
Current Fiscal Year = 740000 * 9% * 2/12 => $11100
Answer:
$9,000
Explanation:
Vernon can only deduct the actual lease expenses incurred during 2016, and that is only three months: October, November and December.
= 3 months x $3,000 per month = $9,000
This logic applies to every expense that is paid in advance, you can only deduct payments that apply for the current tax year.
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