In my web search, there are actually more than three industry standard tools for scheduling and project management. Apart from what has been stated in this item, we also have the Gantt Chart. This was developed in 1917 and this tracks the tasks across time.
Answer:
End of the year closing capital balance will be = $17,500 (CR)
Explanation:
<u>Income Statement</u>
$
Services Revenue $31,000
Wages Expenses ( $17,400)
Rent Expenses <u> ( $5,200)</u>
Profit <u> $8400 </u>
In summary , end of the year closing capital balance will be :
$10,800 (Capital as given) + $ 8400 (Retained Earning)-$1,700( drawings)
=$17,500
Entries include :
Capital Account (CR) $10,800, Drawings Account(DR) $1,700, Director's Current Account (CR) $1700, Cash or Bank (CR) $1700
Retained Earning (CR) $ 8400
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Answer:
$857
Explanation:
Calculation for the present value
Using this formula
Present value = FV / (1+ r)^ n
Let plug in the formula
Present value= 1,000 / (1+.08)^2
Present value= 1,000 / (1.08)^2
Present value= 857.34
Present value=$857 (Approximately)
Therefore the Present value is $857
Correct. The more goods and services will demand more labor for companys to put out the goods and services.