Answer:
the net cost for delaying the project will be of 36,120 dollars.
Explanation:
4,300,000 investment
if delayed will increase by 9%
4,300,000 x 0.09 = 387,000 inrease in cost
this cost will be mitigated by the revenue on the interest.
the funds will be placed at 4% per year during two years:
4,300,000 x (1.04^2 - 1) = 350.880 interest revenue
net : 36,120
Answer: See explanation
Explanation:
The journal entry to correct the errors is given below:
a. Dr Cash $8400
Cr Account receivable $8400
b. Dr Supplies $2500
Cr Office equipment $2500
Dr Supplies $2500
Cr Account Payable $2500
Note that the first entry that's given in (b) above reverses the incorrect entry. On the other hand, the second entry simply records the correct entry.
All of the above are important for the flexible budget
A democratic leader shares the decision-making and most of the problem solving
