Answer:
Letter A is correct. <u>Providing rigid policies, procedures, standards and guidelines.</u>
Explanation:
A steering team or leadership team is a group formed by experts or stakeholders who will provide assistance and guidance in managing a project. Like for example:
- Budgets;
- Marketing strategies;
- New endeavors and
- Company policies.
Stakeholders have the main objective of ensuring that the project is carried out in accordance with the company's strategic objectives, and managing the team to ensure compliance with the project's goals and deadlines.
The entire set of actions of the steering team or leadership team will ensure that the team achieves the final results expected for the project.
B - You can probably write the donation off on your taxes
Explanation:
Paying donations to the qualified charities can be able to get some benefits under Income Tax act., We can deduct donations which we make to the qualified charities. This can reduce our taxable income, but to claim the donations, We have to itemize our deductions under the Claim of charitable donations on Form 1040, Schedule A.
Qualified charities means those who are properly applied and got the legal certificate for their registration and operations.
Answer:
A.
Debit Unearned Revenue $11,250
Credit Sales $11,250
Explanation:
B. It is an income for the company. Prepaid subscription is an expense for the company. Therefore, it is incorrect.
C. It is contradictory as the company already recorded the first quarter transaction. Therefore, Unearned revenue should be debit. So, it is also incorrect.
D. According to the revenue recognition, revenue is recognized when they are earned. Therefore, the company acquired the cash when the company received last year. So, it is incorrect.
E. Again, cash cannot be credit. Therefore, it is incorrect.
A is the correct answer. As, when the company received the payment, unearned revenue was credit. As the income is now recorded for the first quarter, $(45,000/4) = $11,250 of unearned revenue becomes earned. So, it is debit. Since it is a sale of a company, the sale becomes credit.
Answer:
$ 1,956,306.00
Explanation:
The issue price of the bonds issued is the present value of all cash flows promised by the bonds discounted using the market interest rate of 11%.
The cash flows which comprise of annual coupon payment for nine years as well as the repayment of the face value at the end of the ninth year as computed thus:
annual coupon payment=face value*coupon rate=$2,200,000*9%=$198,000.00
The present value of $198,000 for nine years= 198,000*5.5370=$ 1,096,326
The present of $2,200,000 at the end of nine years=0.3909*2,200,000=$ 859,980.00
Total present values=$ 859,980+$ 1,096,326=$1,956,306.00
Solution :
A firm hires labor till a point where the cost of hiring is equal to the value of the additional revenue it produces.
We know ,
the wage rate = cos of hiring an additional worker
the value of the additional revenue that the firm produces = price x (MPI) marginal product of the labor.
Therefore, the firm will hire when :
Wage = value of the additional revenue it generates
Thus, wage = price x (MPI) marginal product of the labor ...........(i)
Therefore, given :
wage of a worker = $ 45
Price = $ 12
So, 45 = 12 x MPI
MPI = 3.8
So the marginal product of employing three days of labor = 25-18/4-3 = 7
Marginal product of employing four days of labor = 30-25/4-3 = 5
So the 4th day produces less revenue than the cost that it generates.
So, the firm should hire 3 workers.
