One of the most common reasons why a project might fail is overconfidence. When we are overconfident, we tend to believe that we are properly prepared to do more than we actually are. We can build expectations that are not backed up by reality.
An example of this would be putting on a play in a theatre. A play requires a lot of preparation, as well as lots of practice. After a few practices, you might get overconfident and believe no more rehearsing is necessary. This could backfire if you are not ready to present the play. A thing you could do differently would be rehearsing much more and being more realistic about your expectations.
Answer:
An unadjusted trial balance is prepared before the adjusting entries have been made, while an adjusted trial balance is prepared after the adjusting entries have been made
Explanation:
<em><u>Unadjusted trial balance</u></em>: it is not fully finished, revisions and additional journal entries are missing ( e.g.: accruals, write-offs, etc. ) or not reviewed.
<em><u>Adjusted trial balance</u></em>: it is finished, and ready to have internal partners ( e.g. Management ) analyzing information provided for decision making. Its figures are reliable.
Based on the marginal propensity to consume, the required tax cut to get a $300 billion stimulus is $400 billion.
<h3 /><h3>How much of a tax cut is needed?</h3>
This can be found by the formula:
= Required fiscal stimulus / Marginal propensity to consume
Solving gives:
= 300 / 0.75
= $400 billion
In conclusion $400 billion of tax cuts are needed.
Find out more on marginal propensity to consume at brainly.com/question/17930875.
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Answer: $1,063,000
Explanation:
Net realizable value is the value of an asset that a company will get when the asset is sold minus the cost that came with the asset sales.
The net realizable value of the accounts receivable will be the accounts receivable of $1,100,000 minus the allowance for uncollectible accounts which was given as $37,000.
= $1,100,000 - $37,000
= $1,063,000
Given:
Principal, P = 26500
term=5 years
Monthly payment, A = 695
Question: Find interest rate
Solution:
Unless there is a table available, there is no explicit formula to calculate interest. However, the interest rate can be solved for using the formula to calculate the monthly payment, as follows.
![A=\frac{P(i*(1+i)^{n})}{(1+i)^{n}-1}](https://tex.z-dn.net/?f=A%3D%5Cfrac%7BP%28i%2A%281%2Bi%29%5E%7Bn%7D%29%7D%7B%281%2Bi%29%5E%7Bn%7D-1%7D)
Substituting
P=26500
i=monthly interest rate to be found
A=monthly payment=695
n=5*12=60 months
![A=\frac{26500(i*(1+i)^{60})}{(1+i)^{60}-1}](https://tex.z-dn.net/?f=A%3D%5Cfrac%7B26500%28i%2A%281%2Bi%29%5E%7B60%7D%29%7D%7B%281%2Bi%29%5E%7B60%7D-1%7D)
Rearrange to give successive estimates of i by
I(i)=(695/26500)*((1+i)^60-1)/(1+i)^60
Try initial estimate of i=0.02 (2% per month)
I(0.02)=0.0182
I(0.0182)=0.01736
I(0.01736)=0.01689
....
Eventually we get the value to stabilize at i=0.016265, or
Monthly interest =
1.6265% (to four decimal places)