Answer:
The net realizable value of the accounts receivable amounts to $613,690
Explanation:
NRV stands for Net Realizable value, which is defined as the cash amount that the firm expects to receive.
The net realizable value of the accounts receivable is computed as:
Net realizable value of the accounts receivable = Balance of Accounts Receivable - Allowance for Doubtful Accounts
where
Balance of Accounts Receivable amounts to $632,338
Allowance for Doubtful Accounts amounts to $18,648
Putting the values above:
Net realizable value of the accounts receivable = $632,338 - $18,648
Net realizable value of the accounts receivable = $613,690
Answer:
say they both make good points but they should decide for themselves
Explanation: When other people are involved in a dispute, it is best to take a neutral stance and not get involved
Answer:
The interest rate on a 10-year corporate bond for a company with AA rating will be higher than for a 10-year bond for a company with a BBB- rating.
True
Answer:
D) Project importance is enhanced by setting authority equal to that of functional departments.
Explanation:
A matrix organization is characterized by, multiple command system and overlapping of command, control and behavioral pattern.
Here, temporary project groups are created so as to handle short term projects. Personnel are drawn from functional department and their activities are controlled and coordinated by a project manager.
Once a project is completed, the structure is disbanded and the personnel return to their original departments i.e functional department.
During the project duration, a person is responsible and reports to two bosses, one being the project manager and secondly to the functional boss. Thus, under such a structure exists dual reporting.
Under matrix structure for project management, the project manager is not allowed to use resources exclusively for the project i.e like in project management. Rather, such a manager is required to share resources with the organization.
Answer:
(B) subtract both values from balance according to books
Explanation:
Provided, that the check deposited in bank is NSF.
Therefore, it will not be cashed,
Although such balance was already added to book balance as per accounting records, therefore, such amount shall be subtracted from accounting balance.
Further bank provides the information of charges which was not considered earlier.
Therefore, such amount shall also be deducted from accounting records.
Thus both such amounts shall be deducted from balance according to books.
