Answer and Explanation:
1. Petty cash Dr, 150
To Cash account $150
(Being establishment of the fund is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
2. Office supplies $35
Entertainment expense Dr, $110
To Cash account (balancing figure) $140
To Cash short and over $5 ($150 - $35 - $110)
Here we debited the office supplies and entertainment expense as it increased the expenses and we credited the cash account as it decreased the current assets
3. Petty cash account $150 ($300 - $150)
To Cash account $150
(Being the increase in balance is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
Complete/Correct Question:
As a technical project manager you have decided to propose implementing a prototyping methodology for a small web-based design project. What is the first step you will follow in this project?
A. Use the existing prototype.
B. Identify user requirements.
C. Conduct a feasibility study.
D, Identify different solutions.
E, Develop an initial prototype.
Answer:
B, identify user requirements
Explanation:
When prototyping a methodology, it is very important that the project manager identifies or asks for the requirements of the client to ensure that the design doesn't come off as meaningless.
Cheers.
Answer:
The answers to the two questions are detailed in the explanation;
Explanation:
1.In this first case, David Wallace may possibly win, since a single creditor as a witness that due to the negligence of the director of the company did not receive his payment is not enough evidence for a lawsuit.
There should be more creditors who are dissatisfied with this situation, and it must also be analyzed what were the real causes that led to the company not having made the corresponding payment to this creditor.
2.In this second situation, the company Dunder Company may possibly win, since the corporation breached a previously established contract, this establishes the basis for a lawsuit in which Papers Import must possibly comply with the provisions of the contract or compensate the damages caused to the Dunder Company.
Answer:
$109.80 per unit
Explanation:
For we to be able to calculate the or solve the problem, we are to use the following method
Firstly
Variable cost per unit = $728,190 ÷ 8,700 units
Variable cost per unit = $83.70 per unit
Secondly
Fixed cost per unit at 8,900 units = $232,290 ÷ 8,900 units
Fixed cost per unit = $26.10 per unit
Lastly
Total cost = Variable cost + Fixed cost
Which we have as;
Total cost = $83.70 per unit + $26.10 per unit
Total cost = $109.80 per unit