Answer:
$4,900
Explanation:
Cost of refrigerator = $64,000
Estimated residual value = $5,200
Useful life = 12 years
Using the straight line method,
Annual depreciation = ($64,000 - $5,200)/12
= $58,800/12
= $4,900
The difference between the cost and estimated residual value of the asset is the depreciation base of the asset over its useful life.
Answer:
Cash received from customers is $66,000.
Explanation:
Cash Received from Customers is determined by opening a Total Accounts Receivables T- Account as follows :
Total Accounts Receivables T- Account
<u>Debit :</u>
Opening Balance $13,000
Sales $62,000
Totals $75,000
<u>Credit:</u>
Closing Balance $9,000
Cash <em>(Balancing figure)</em> $66,000
Totals $75,000
Conclusion:
Cash received from customers is $66,000.
Answer:(a): I will challenge my sponsor.
(c). The sponsor might have little knowledge about the project.
Explanation:
(a). Challenging sponsors: as a project manager, i am to continuosly challenge my sponsor.
(b). Challenging the sponsor can lead to disagreement and face off but this will make the sponsor to understand that he has a role to play, and he should not ' mess up ' the project.
My second alternative is to report this to the executive steering committee for resolution. This will make the resolution to be resolved quickly although it might cause serious harm to the company.
(c). The supervisor might not have enough technical knowledge about the project
OR
He might be occupied with other activity and may not be devoted to sponsorship
OR
Some company may want sponsors who have no knowledge about the project.
A cost pool is a grouping of individual indirect cost items.
A cost pool is typically used by a service center or department for tracking of production costs and materials. A cost pool allows you to visualize where funds need to be put in order to maintain a running business.