Feasibility – the measure of how beneficial or practical an information system will be to an organization. Feasibility analysis – the process by which feasibility is measured. Creeping Commitment – an approach to feasibility that proposes that feasibility should be measured throughout the life cycle.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Beginning finished goods inventory= $40,000
During the period cost of goods manufactured amounted to $280,000. The ending balance in the Finished Goods Inventory account was $42,000.
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 40,000 + 280,000 - 42,000
COGS= 278,000
Answer:
$350 million
Explanation:
the formula for calculating GDP is consumption + investment + government spending + net exports, since apparently this is a closed economy with no exports or imports, the formula should be:
GDP = C + I + G
- GDP = $1,330 million
- C = $700 million
- I = $280 million
G = $1,330 - $700 - $280 = $350 million
Answer:
Using the cost method means that the stock is recorded at the price it cost to buy it back.
Journal entry is therefore:
Date Account Title Debit Credit
Aug 1, 2014 Treasury Stock $72,000
Cash $72,000
<u>Working:</u>
= 4,000 shares * 18
= $72,000
Answer:
The net realizable value of accounts receivable immediately after the write-off is $33,400
Explanation:
Net realizable value of accounts receivable is the Amount that the Company expects to receive from its Account Receivables after accounting for Debts Written Off and Allowances for Doubtful debts
<u>Net realizable value of accounts receivable:</u>
Accounts Receivable $37,000
<em>Less</em> Uncollectible accounts written-off ($800)
<em>Less</em> Allowance for Doubtful Accounts ($2,800)
Net realizable value of accounts receivable $33,400
