Answer:
Accounts Receivable $1,600; credit Cash $1,600
Explanation:
According to the given situation, the Journal entry is shown below:-
Accounts Receivable Dr, $1,600
To Cash $1,600
(Being accounts receivable is recorded)
To record the accounts receivable we debited the accounts receivable and we credited the cash to correct the error.
Answer: Annual rate of return = 21.89%
Explanation:
Given that,
Expected increase in annual revenues by = $140000
Expected increase in annual expenses by = $88,000 including depreciation
Cost of oil well = $465,000
salvage value at the end of its 10-year useful life = $10,000
Expected Income = Expected increase in annual revenues - Expected increase in annual expenses
= 140000 - 88000
=$52000
Average investment = 
= $237500
Annual rate of return = 
= 
= 21.89%
Answer: Let's use a building construction as an example of a project.
Explanation:
Lag is the delay of a successor activity and represents the time between this activity and a previous activity.
Finish to start: means a predecessor activity A must finish before the successor activity B starts. An example is constructing the roof a building before painting the interior.
Finish to finish: means the predecessor activity must finish for the successor activity to finish. An example is laying plumbing pipes and inspecting the plumbing pipes.
Start to start: means the predecessor activity must start for the successor activity to start. An example is writing a brochure to sell out buildings and the subsequent editing.
Start to finish: means the predecessor activity must start for the successor activity to finish. An example is a construction supervisor A cannot leave his post until construction supervisor B resumes.
Answer:
B) is narrow and outdated.
Explanation:
The article's name is "Rethinking the 4 P’s" and it summarizes a 5 year study that involved more than 500 top level managers across the world. That study doesn't say that the 4 Ps are useless, it states that they are outdated. The study focused on the B2B market and it argues that the 4 Ps must be restated:
- S ⇒ products to solutions
- A ⇒ place to access
- V ⇒ price to value
- E ⇒ promotion to education
Answer:
Explanation:
a. . What gain or income, if any, will the parties recognize on the transfer?
It should be noted that a gain or a loss will not be recognized when a property is being transferred to a company in order for the said property to be exchange for a stock. Therefore, none of the parties that are involved will get any gain or income.
b. What basis do Ann and Bob have in the stock in Robin Corporation?
Based on the question, Ann will have a basis of $150,000 while Bob will get ($30,000 + $15,000) = $45,000 in the stock in Robin Corporation.
c. What is Robin Corporation's basis in the property and services it received from Ann and Bob?
Robin Corporation's basis in the property and services it received from Ann and Bob is a value of $150,000 for the assets of Ann and $30,000 for Bob's asset.
