what is the term for a group of project activities that are assigned to a single organizational unit?

What is a question that should be asked about accounts payable when forecasting?

charle [14.2K]

Answer:

In forecasting accounts payable, one of the relevant questions is:

What is the cash conversion cycle?

Explanation:

The variables used in computing the cash conversion cycle include accounts receivable days, inventory turnover days, and accounts payable days. Specifically, cash conversion cycle (CCC) is the period in days that it takes the firm to convert cash into inventory, then into sales, and finally back into cash. To gain a good understanding of accounts payable, one should always consider the major inclusive metric.

3 0

3 years ago

Which layer communicates with the physical hardware and is responsible for the delivery of signals from the source to the destin

otez555 [7]

The physical hardware and is responsible for the delivery of signals from the source to the destination over a physical communication platform is the data link. The data link allows the layer to communicate in a way that helps everything fall into place.

5 0

3 years ago

Clarence used to work as a doctor in a federal government hospital. After retiring, he started a private clinic to continue prac

Masteriza [31]

Answer:

self-actualization

Explanation:

The answer is deeply related to "Maslows Hierarchy of Needs."

Abraham Harold Maslow is a popular American psychologist who introduced a motivational theory consisting of five stages in relation to the deficiency needs and growth needs of humans.

Everything starts with the deficiency needs. It is very important to satisfy this need in order to engage into the growth needs. For example, a boy is very thirsty. If that need will not be met, the boy will continuously crave for water. On the contrary, if this is met immediately, the boy will aim to grow as a person. This is what you call the growth needs.

This needs are presented in a pyramid.

From top to bottom:

1. Self-actualization

2. Self-esteem Needs

3. Love or Belongingness Needs

4. Safety Needs

5. Physiological Needs

It is ideal for a person to progress from Physiological Needs to Self-actualization, but it doesn't mean every stage is always met. Sometimes, fluctuations occur depending on the situation.

Regarding Clarence's case above. It was stated that he already worked as a doctor in a federal government. This means that he has already satisfied his self-esteem needs and the other needs below. Becoming a doctor is a prestige and a feeling of accomplishment. This can be found on the Self-Esteem Needs stage. In addition to this, Clarence already reached his full potential and is seeking for personal growth and independence. This is backed by the statement above that he opened a private clinic to continue his practice. This means he is already on the self-actualization stage of the hierarchy.

6 0

2 years ago

8th business day of this month

Sonbull [250]

Tuesday the twelfth is the answer. A business day is essential a work day, which is Monday through Friday.

4 0

2 years ago

1. Purchased computers for $20,000 from Data Equipment on account. Select an effect 2. Paid $3,000 cash for May rent on storage

nata0808 [166]

Answer:

The question is not complete.

Here is the complete question:

Keystone Computer Timeshare Company entered into the following transactions during May 2017.

Describe the effect of each transaction on assets, liabilities, and stockholders' equity.

1. Purchased computers for $20,000 from Data Equipment on account. Select an effect

2. Paid $3,000 cash for May rent on storage space. Select an effect

3. Received $15,000 cash from customers for contracts billed in April. Select an effect

4. Performed computer services for Ryan Construction Company for $2,700 cash. Select an effect

5. Paid Midland Power Co. $11,000 cash for energy usage in May. Select an effect

6. Stockholders invested an additional $32,000 in the business. Select an effect

7. Paid Data Equipment for the computers purchased in (1) above.

Select an effect

8. Incurred advertising expense for May of $840 on account.

Here is the answer:

Transaction Effect on asset, liabilities and equity

1 Increase in asset(computer account) by $20,000

and increase in liabilities (account payable) by

$20,000

2 Decrease in asset(cash account) by $3,000 and

decrease in equity (rent expense account) by

$3,000

3. Increase in asset (cash account) by $15,000 and decrease in

asset (account receivable) by $15,000. Net effect is zero.

4. Increase in asset (cash account) by $2,700 and increase in

equity (service revenue account) by $2,700

5. Decrease in asset (cash account) by $11,000 and decrease in

equity (Energy expense account) by $11,000

6. Increase in asset (cash account) by $32,000 and increase in

equity (common stock account) by $32,000

7. Decrease in asset (cash account) by $20,000 and decrease in

liabilities (account payable) by $20,000

8. Increase in liabilities (accrued advertising expense) by $840

decrease in equity (advertising expense account) by $840

Explanation:

Assets are economic resources of the firm in which future economic benefits are expected to flow to the entity. Liabilities are the entity`s financial obligation to those who are not the owners of the business. Equity is the residual value after deducting am entity`s assets from its liabilities.

With this background, business transactions and events are recorded either as increase or decrease in asset, liabilities and equity.

6 0

2 years ago