The project manager often combines information from all of the lessons-learned reports into a project summary report.

a. True
b. False

Answers

Answer 1

Answer: True

Explanation:

The lesson learned reports is referred to as the reflective statement where the important information which were learned while working on the project is documented.

The information from all of the lessons-learned reports is combined by the project manager into a project summary report. Some of the items which are discussed in the lessons-learned reports are whether the project was successful or not etc.


Related Questions

Suzette is receiving $10,000 today, $15,000 one year from today, and $25,000 four years from today. She will immediately invest these funds for retirement. If she earns 9.6 percent on her investments, how much will she have in savings 30 years from today

Answers

Answer:

$641,547.38

Explanation:

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

We are to determine the future value of these cash flows. But to determine the future value, we need to determine the present value of the cash flows.

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

To find the PV using a financial calculator:

Cash flow in year 0 =  $10,000  

Cash flow in year 1 =  $15,000

Cash flow in year 2 = 0

Cash flow in year 3 = 0

Cash flow in year 4 = $25,000

I = 9.6

PV = 41,012.11

FV : 41,012.11(1.096)^30 = $641,547.38

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Cullumber Corporation has announced that its net income for the year ended June 30, 2017, was $1,353,412. The company had EBITDA of $4,948,000, and its depreciation and amortization expense was equal to $1,128,000. The company's average tax rate is 34 percent. What was its interest expense

Answers

Answer:

See below

Explanation:

Net income = $1,353,412

Tax rate is 34% hence the company's EBT amount is calculated as

EBT = $1,353,412 / 0.66 = $2,050,624.24

Add back Depreciation and amortization to the EBT

= $2,050,624.24 + $1,128,000

= $3,178,624.24

The difference between the above and EBITDA amount will be the interest expense for the year

= $4,948,000 - $3,178,624.24

= $1,769,375.76

Therefore, the interest expense is $1,769,375.76

a letter to the editor of english newspaper and about the serious issues of law and order begin faced by pakistan national​. argent please solve the question in 600 world

Answers

Hi, I provided some suggestions about how you go about writing your letter.

Explanation:

Note that in this scenario, the letter is going to be addressed in a formal way since the letter is been addressed to someone holding an official office/position.

It is important for the sender to note these details as he constructs the letter to the Addressee (the person receiving the letter).

Clearly include the address of the writer (in this case your own address) Date Mention the Designation of the Addressee (in the case, The editor of the english newspaper).

Should also include:

Address of the Receiver Salutation or Greeting Subject The body of the letter (which should detail the main intent or content of the letter). Conclusion, finally include Complimentary Close with the Name and Signature of the Sender.

1 1.1 Briefly name and explain the aspects of the marking mix.​

Answers

Answer: Marketing mix could described as methods taken by an organization to boast their brand or improve demand of product in the market.

Explanation:

Marketing mix could described as methods taken by an organization to boast their brand or improve demand of product in the market.

Aspects of marketing mix are Price, product, promotion and place.

Price; this refers to the value of a product. The organization in considering marketing mix would have to make her price affordable for the market in relation with the value of the product it's selling.

Product; this is the item being sold. The item must be valuable and worth the buy of the customers, this would improve consistent buying and referral by those who have already bought.

Promotion: this refers to actions taken to make known the product visibility in the market. This actions could be through branding, marketing with the aim of making the products demanded more than usual always.

Place: these is referred to as the target market. Every market is not a market, the place refers to those who are either already customers or would be customers. The organization must try to identify those who her products address and try selling to them.

What are the steps in conducting a market research?

Answers

Answer:

The marketing research process involves six steps:1: problem definition, 2: development of an approach to the problem, 3: research design formulation, 4: data collection, 5: data preparation and analysis, and 6: report preparation and presentation.

Explanation:

Hope it helps!

#CarryOnLearning

Joanette, Inc., is considering the purchase... Joanette, Inc., is considering the purchase of a machine that would cost $460,000 and would last for 6 years, at the end of which, the machine would have a salvage value of $56,000. The machine would reduce labor and other costs by $116,000 per year. Additional working capital of $2,000 would be needed immediately, all of which would be recovered at the end of 6 years. The company requires a minimum pretax return of 17% on all investment projects. (Ignore income taxes.)
Required:
Determine the net present value of the project.

Answers

Answer:

The Net Present Value = - 23056.

Explanation:

Using the data below for Ace Guitar Company: Region A Region B Sales $786,500 $643,500 Cost of goods sold 298,900 244,500 Selling expenses 188,800 154,400 Service department expenses Purchasing $240,200 Payroll accounting 160,200 Allocate service department expenses proportionally to the sales of each region, determine the divisional income from operations for the Regions A and B. For interim calculations, round the percentages to one decimal place. Region A $fill in the blank 1 Region B $fill in the blank 2

Answers

Solution :

Calculation of income from operations

Sales                                                                      Region A        Region B

Cost of goods sold                                               643,500          786,500

Selling expenses                                                  244,500           298,900

Service department expenses                            154,400           188,800

Purchasing (working note - 1)                              108,090           132,110

Payroll accounting (working note - 2)                  72,090            88,110    

Income from expenses                                         $ 64,420        $ 78,580

Working note 1

Allocation of purchasing expenses:

A region = [tex]$240,200 \times \frac{643500}{(643500+786500)}$[/tex]

              = $ 108,090

B region = [tex]$240,200 \times \frac{786500}{(643500+786500)}$[/tex]

              = $ 132,110

Working note 2

Allocation of payroll accounting expenses.

A region = 160200 x 0.45  (sales ratio)

              = $ 72,090

B region  = 160,200 x 0.55  (sales ratio)

               = $ 88,110

One of the factors that influence a consumer buying is? ​

Answers

Answer:

Many different factors can influence the outcomes of purchasing decisions. Some of these factors are specific to the buying situation: what exactly you are buying and for what occasion. Other factors are specific to each person: an individual's background, preferences, personality, motivations, and economic status.

Packages, the package can influence a buyer, bright colors are what people are most likely to buy rather then a beige color package, that’s why children toys are colorful, so that the kid/child would want the toy and getting their parents to buy the toy for them, hope this helps and is the answer that you are looking for :)

XYZ pays for 40% of its raw materials purchases in the month of purchase and 60% in the following month. Budgeted cost of materials purchases in July is $256,550 and $278,050 in Aug. Total budgeted cash disbursements for materials purchases in August is:______.
A) S265,150
B) $153,930
C) $166,830
D) S111,220

Answers

Answer:

$265,150

Explanation:

Cost of material purchases in July

= 256,550 × 60/100

= 256,550×0.6

= 153,930

Cost of purchases in August

= 278,050×40/100

= 278,050×0.4

= 111,220

Total cash disbursement

= 111,220+153,930

= $265,150

Hãy tính chi phí bình quân ? Chi phí biên ?

Answers

sorry u dont understand

tine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,500 and two jobs in process: Job No. 429 $2,000, and Job No. 430 $1,500. During May, a summary of source documents reveals the following.

Job Number Materials Requisition Slips Labor Time Tickets
429 $2,500 $1,900
430 3,500 3,000
431 4,400 $10,400 7,600 $12,500
General use 800 1,200
$11,200 $13,700

Stine Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month.

Required:
Prepare summary journal entries to record (1) the requisition slips, (2) the time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429.

Answers

Answer:

1. Dr Work in Process Inventory $10,400

Dr Manufacturing Overhead $800

Cr Raw Materials Inventory $11,200

2. Dr Work in Process Inventory $12,500

Dr Manufacturing Overhead $1,200

Cr Factory Labor $13,700

3.Dr Work in Process Inventory $7,500

Cr Manufacturing Overhead $7,500

4. 31-May

Dr Finished Good Inventory $7,540

Cr Work in Process Inventory $7,540

Explanation:

1. Preparation of the summary journal entries to record (1) the requisition slips,

31-May

Dr Work in Process Inventory $10,400

Dr Manufacturing Overhead $800

Cr Raw Materials Inventory $11,200

(To record requisition slips)

2.Preparation of the summary journal entries to record the time tickets

31-May

Dr Work in Process Inventory $12,500

Dr Manufacturing Overhead $1,200

Cr Factory Labor $13,700

(To record t time tickets)

3. Preparation of the summary journal entries to record the assignment of manufacturing overhead to jobs

31-May

Dr Work in Process Inventory $7,500

($12,500*60%)

Cr Manufacturing Overhead $7,500

(To record assignment of manufacturing overhead to jobs)

4. Preparation of the summary journal entries to record the completion of Job No. 429.

31-May

Dr Finished Good Inventory $7,540

Cr Work in Process Inventory $7,540

($2,000+$2,500+$1,900+$1,140)

(To record the completion of Job No. 429)

A taxpayer's spouse dies in August of the current year. Which of the following is the taxpayer's filing status for the current year?

a. Single.
b. Qualified widow(er).
c. Married filing jointly.
d. Head of household.

Answers

Answer:

b. Married filling jointly

Explanation:

From the question we are informed about taxpayer's spouse who dies in August of the current year. In this case,

the taxpayer's filing status for the current year would be Married filling jointly. Joint return can be regarded as tax return which is been filed with the Internal Revenue Service by two married taxpayers that decide to have a filing status of "married filing jointly" or a widowed taxpayer that decide to have a filing status of " Qualifying Widow "A joint return give room for the

taxpayers to join their tax liability as well as report their income, credits and

deductions on the same joint return.

The joint return rates still validly

apply even two year after the death of a particular spouse, so far the

surviving spouse of the dead spouse does not remarry and still maintains a household as regards a dependent child.

A city uses an Enterprise Fund to provide electricity to its citizens and to its General Fund. A total of $50,000 was billed to the General Fund and collected 30 days later. Prepare the journal entries necessary to record these transactions, and label the fund(s) used.

Answers

Answer:

Enterprise Fund due from General Fund  (Dr.) $50,000

Service Revenue (Cr.) $50,000

Explanation:

The enterprise used its general fund to provide electricity to the citizens. It has a collection period of 30 days for the general fund. This collection period is receivable duration during which company service revenue is to be collected. The general fund used by enterprise fund is collected 30 days later.

A company purchases land and a building for $300,000. The appraisal attributes a fair market value (FMV) to the land of $180,000 and to the building of $220,000. As a result, the building’s cost will be booked at:____________

Answers

$700,000 I hope that helps

Elizabeth is a highly-sought-after scientific researcher. She relocated to Europe ten years ago but is now returning to the United States. While the United States welcomes her skill level, there is also some concern regarding the contributions she made in Europe. This situation demonstrates the idea of:______.
1) groupthink.
2) reverse brain drain.
3) self-fulfilling prophecy.
4) brain drain.

Answers

Answer:

2

Explanation:

Reverse brain is a type of brain drain that occurs when a person moves from a more developed country to a less developed country. The knowledge, skills developed in the developing country can be used by the developed country from which she came from

Elizabeth moved from US (developed) to Europe (less developed). On returning to US, the government is concerned about accepting her contributions which she made in Europe

Which of the following statement completions is NOT CORRECT? For a profitable firm, when MACRS accelerated depreciation is compared to straight-line depreciation, MACRS accelerated allowances produce a. Lower tax payments in the earlier years of an asset's life. b. Larger total undiscounted profits from the project over the project's life. c. Higher depreciation charges in the early years of an asset's life. d. Smaller accounting profits in the early years, assuming the company uses the same depreciation method for tax and book purposes. e. Larger cash flows in the earlier years of an asset's life.

Answers

Answer:

The NOT CORRECT statement is:

b. Larger total undiscounted profits from the project over the project's life.

Explanation:

The MACRS (Modified Accelerated Cost Recovery System) apportions larger depreciation expense in the earlier years of the asset's life, as it attempts to depreciate higher cost in those earlier years than the later years.  This implies that the accounting profits in the early years can only be smaller and the undiscounted profits cannot be larger over the project's life.

If property rights are not well enforced, all of the following are likely to occur except;_________
A. a significant number of people will be willing to risk their funds by investing them in local businesses.
B. fewer goods and services will be produced
C. economic efficiency will be reduced
D. an economy will produce inside its production possibilities frontier.

Answers

Answer:

If property rights are not well enforced, all of the following are likely to occur except;_________

A. a significant number of people will be willing to risk their funds by investing them in local businesses.

Explanation:

Other options are likely to occur, except option A.  Investors cannot risk their capital investing in the local economy.  This is the fate of an economy where property rights are not protected.  This also underlines the need for each government to ensure that property rights are recognized and legally protected.

A company is interested in developing a quarterly aggregate production plan but they are not sure if a level strategy with backorders or a chase strategy would be better. They have the following information available regarding their production operation: Hiring Cost (per unit increase) $40 Firing (per unit decrease) $80 Inventory Cost (per unit) $40 Stockout (per unit) $150 Production (Labor) cost (per unit) $30 Subcontracting cost (per unit) $60 Previous quarter's production 1300 Previous quarter's ending inventory 0 Quarter forecasts are 4000, 3000, 4000 and 5000, respectively. Suppose that you want to use a level plan with backorders (one that produces at the average demand over the four quarters). What is the ending inventory in Quarter 2

Answers

Answer:

1000 units

Explanation:

Average demand over the next 4 quarters = (4000 + 3000 + 4000 + 5000) / 4

Average demand over the next 4 quarters = 16000 / 4

Average demand over the next 4 quarters = 4000

That is, as per the Level plan, 4000 units shall be produced in each of the next 4 quarters.

Quarter 1

Beginning Inventory = 0

Production = 4000

Demand = 4000

Ending Inventory = (Beginning Inventory + Production) - Demand

Ending Inventory = (0 + 4000) - 4000

Ending Inventory = 4000 - 4000

Ending Inventory = 0 units

Quarter 2

Beginning Inventory = 0

Production = 4000

Demand = 3000

Ending Inventory = (Beginning Inventory + Production) - Demand

Ending Inventory = (0 + 4000) - 3000

Ending Inventory = 4000 - 3000

Ending Inventory = 1000 units

Suppose Abigail wants to buy a Porsche 911 Turbo, which currently costs $125,000, in 6 years. The price of the Porsche is expected to increase at 2% per year for the next 6 years. 5. If she wants to make equal annual deposits at the end of each of the next 6 years, how much must she deposit each year if the interest rate is 6% in order to have the necessary funds to purchase the car

Answers

Answer: $20,181.21

Explanation:

First find the value of the Porsche at the end of 6 years:

= Current price * ( 1 + growth rate) ^ number of years

= 125,000 * (1 + 2%) ⁶

= $140,770

Abigail needs to have $140,770 at the end of 6 years. She would need to deposit a certain amount every year to get to that amount. This amount would be an annuity because it is constant.

Future value of annuity = Annuity * Future value interest factor of annuity, 6 years, 6%

140,770 = Annuity * 6.9753

Annuity = 140,770 / 6.9753

= $20,181.21

Many governments around the world attempt to improve the incomes of commodity producers by taking steps to increase the commodity price in the domestic market. Although this may reduce quantity demanded for the product, the action may be effective because:

Answers

Answer:

This action may be effective because commodity demand tends to be inelastic, so the higher prices may result in higher income for commodity producers, at least in the short term.

Explanation:

Essential commodities such as basic food items, gasoline, electricity, water, and other utilities, tend to have an inelastic demand simply because consumers cannot go without them, and they tend to prioritize these commodities over other goods and services.

This means that the higher prices caused by government intervention do not necessarily result in less demand, and the same amount of people buying the same amount of commodities at a higher price simply means a higher sales revenue for commodity producers.

Sean, age 37, wants to maximize his 2021 Roth IRA contribution and purchase as much Beyond Meat stock as possible. If BYND stock is trading at $10/share, and Sean is able to contribute the maximum in 2021 to his Roth, how many shares he can purchase

Answers

37 shares that he can purchase

Since the BYND stock is trading at $10/share and he is able to contribute the maximum in 2021 to his Roth, then, the number of shares that he can purchase is 600 shares.

In 2020, the maximum contribution for age below 50 is $6,000.

Here, the price per share is $10.

Now, when he contributes $6,000 to Roth IRA, then, he can purchase 600 shares ($6,000 / $10 per shares) to maximize his earnings

In conclusion, the number of shares that he can purchase is 600 shares.

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The Widget Co. can produce widgets according to the formula: q = 5K^3/4 L^1/4 where q is the output of widgets, and K, L are the quantities of capital and labor used.

a. Are there constant, increasing or decreasing returns to scale in widget production? Explain.
b. Are there, constant, increasing or decreasing marginal products of factors? Explain
c. In the short run, the amount of capital used by company A. is fixed. Derive the short-run cost function. (Note that the short-run cost function will show C as a function of Q, K and the factor prices w and r.)
d. Derive the long-run cost function.

Answers

Answer:

A) Constant Return to Scale

B) Decreasing Marginal Products

C) Short Run Cost Function = w*(Q/5)4 *(1/K​​​​​`3) + rK`

D) (2Q/5)*(r​​​​​3/4​​​​​​)*(w​​​​​1/4)

Explanation:

A) Q(tL,tK) = 5*(tK)3/4*(tL)1/4

= t*Q(L,K)

Hence it exhibits constant return to scale

B) Here MPK = dQ/dK

= (3/4)* 5*L​​​​​​​​​​​1/4*K​​​​​​-1/4

So dMPK/dK = (-3/16)*5*L​​​​​​1/4*K​​​​​​-5/4

Hence dMPK/dK < 0

thus exhibits decreasing Marginal Products

(Similarly for Labor also)

C) let K is fixed at K`

So Q = 5*K`3/4*L​​​​​1/4

So L = (Q/5)4*(1/K​​​​​​`3)

So Short Run Cost Function = w*L + r*K`

C = w*(Q/5)4 *(1/K​​​​​`3) + rK`

D) in long run, MRTS = MPL / MPK = w/r

So K/L = w/r

Thus rK = wL

So from production function

Q = 5*(wL/r)3/4*L​​​​​​1/4

= 5*(w/r)3/4*L

L* = (Q/5)*(r/w)3/4

similarly K* = (Q/5)*(w/r)1/4

so Long Run Cost Function = wL* + rK*

= (2Q/5)*(r​​​​​3/4​​​​​​)*(w​​​​​1/4)

Jeff owns an American put option on 100 shares of ABC stock. The option has a strike price of $32.50 and a September expiration date. The stock has recently been declining in value, currently sells for $27.65 per share, and is expected to continue declining in value. Ignore all costs and taxes. If today is Wednesday, August 14, he: Group of answer choices

Answers

Answer: b. can exercise his option and earn a profit.

Explanation:

Put options make a profit when the underlying stock sells for less than the strike price of the option. Furthermore, an American put option can be sold at any time before the option expires.

Jeff can therefore exercise the put option and make a profit today of:

= (32.50 - 27.65) * 100 shares

= $485.00

The payroll register of Konrath Co. indicates $13,200 of social security withheld and $3,300 of Medicare tax withheld on total salaries of $220,000 for the period. Earnings of $35,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. On December 31, provide the journal entry to record the payroll tax expense for the period. Refer to the Chart of Accounts for exact wording of account titles.

Answers

Answer:

Dr Payroll Tax Expense $18,670

Cr Social Security Taxes Payable $13,200

Cr Medicare Taxes Payable $3,300

Cr State Unemployment Payable $280

Cr Federal Unemployment Payable $1,890

Explanation:

Preparation of the journal entry to record the payroll tax expense for the period

December 31

Dr Payroll Tax Expense $18,670

($13,200+$3,300+$280+$1,890)

Cr Social Security Taxes Payable $13,200

Cr Medicare Taxes Payable $3,300

Cr State Unemployment Payable $280

($35,000 x 0.8% = $280)

Cr Federal Unemployment Payable $1,890

($35,000 x 5.4% = $1,890)

(Record Payroll Taxes for the pay period)

On March 1, Parnell Industries purchased 2 million Platinum Gems, Inc. common shares for $124 million in cash. Parnell also paid $2 million in brokerage fees and commissions to complete the purchase. These shares represent 10% of the outstanding common stock of Platinum.

Required:
Prepare the appropriate journal entry to record this transaction.

Answers

Answer and Explanation:

The journal entry is shown below:

Common Stock $124 million

          To Cash $124 million  

(Being Stock of platinum gems purchased is recorded)

Here common stock is debited as it decreased the equity and the cash is credited as it also decreased the assets

The same should be relevant

A corporation had the following assets and liabilities at the beginning and end of this year.
Assets Liabilities
Beginning of the year $57,000 $24,436
End of the year 115,000 46,575
a. Owner made no investments in the business, and no dividends were paid during the year.
b. Owner made no investments in the business, but dividends were $1,250 cash per month.
c. No dividends were paid during the year, but the owner did invest an additional $55,000 cash in exchange for common stock.
d. Dividends were $1,250 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock.
Determine the net income earned or net loss incurred by the business during the year for each of the above separate cases:
a. b. c. d.
Beginning of the year

Answers

Answer:

The Beginning Equity is:                                       Ending equity is:

= Assets - liabilities                                               = 115,000 - 46,575

= 57,000 - 24,436                                                = $68,425

= $32,564

a. Net income if no investments:

= Ending equity - beginning equity

= 68,425 - 32,564

= $35,861

b. No investment but dividends were $1,250 per month

= Ending equity - beginning equity + dividends

= 68,425 - 32,564 + (1,250 * 12)

= $50,861

c. Investment of $55,000:

= Ending equity - beginning equity - Equity investment

= 68,425 - 32,564 - 55,000

= -$19,139

d. Dividends of $1,250 per month and Investment of $35,000:

= Ending equity - beginning equity - Equity investment + Dividend

= 68,425 - 32,564 - 35,000 + (1,250 * 12 months)

= $15,861

Financial leverage is defined as Multiple Choice the amount of equity used in the capital structure of the firm the amount of operating assets used in the capital structure of the firm the amount of current liabilities only used in the capital structure of the firm the amount of debt used in the capital structure of the firm

Answers

Answer:

the amount of debt used in the capital structure of the firm.

Explanation:

In Financial accounting, a leverage can be defined as a process which typically involves the use of fixed-charged assets or items in a business with the intention of multiplying potential financial gains and returns.

This ultimately implies that, a financial leverage is a measure of the total amount of debt (borrowed money) used in the capital structure of an organization or business firm. Also, the capital structure of a business firm comprises of the combination of various equities and liabilities used to finance the smooth operations of the business.

Basically, financial leverage which is also known as trading on equity, is the utilization of debt (borrowed money) to acquire or purchase new assets with the intent and expectation that the income generated from these assets would exceed the cost incurred from borrowing. Thus, a business that engages in financial leveraging assumes that it would generate a higher income or capital gain from the amount of debt (borrowed money) used in its capital structure.

Use the following information to prepare the September cash budget for PTO Co. The following information relates to expected cash receipts and cash payments for the month ended September 30. Beginning cash balance, September 1, $43,000. Budgeted cash receipts from sales in September, $256,000. Raw materials are purchased on account. Purchase amounts are August (actual), $80,000, and September (budgeted), $109,000. Payments for direct materials are made as follows: 65% in the month of purchase and 35% in the month following purchase. Budgeted cash payments for direct labor in September, $33,000. Budgeted depreciation expense for September, $3,900. Other cash expenses budgeted for September, $55,000. Accrued income taxes payable in September, $10,100. Bank loan interest payable in September, $1,800.

Answers

Answer:

PTO Co.

Cash Budget for the month of September

Beginning cash balance, September 1, $43,000

Budgeted cash receipts from sales      256,000

Total cash available                             $299,000

Cash Disbursements:

Payment to suppliers           $98,850

Payment to workers               33,000

Other expenses                     55,000

Income tax                               10,100

Bank loan interest                    1,800   $198,750

Ending cash balance, Sept. 30           $100,250

Explanation:

a) Data and Calculations:

Beginning cash balance, September 1, $43,000

Budgeted cash receipts from sales in September, $256,000

Raw materials are purchased on account

Purchase amounts are August (actual), $80,000, and September (budgeted), $109,000

Payments for direct materials are made as follows:

65% in the month of purchase and

35% in the month following purchase.

Budgeted cash payments for direct labor in September, $33,000.

Budgeted depreciation expense for September, $3,900.

Other cash expenses budgeted for September, $55,000.

Accrued income taxes payable in September, $10,100.

Bank loan interest payable in September, $1,800

                                        August     September

Credit purchases        $80,000     $109,000

Payments for purchases:

65% purchase month                        70,850

35% ffg month                                   28,000

Total cash payment for purchases $98,850

Scenario: Money Supply Changes II Charlotte withdraws $8,000 from her checkable bank deposit to pay tuition this semester. Assume that the reserve requirement is 20% and that banks do not hold excess reserves. As a result of the withdrawal, required reserves: don't change. decrease by $8,000. decrease by $1,600. decrease by $6,400.

Answers

Answer: decrease by $1,600

Explanation:

Charlotte withdraws $8,000 from her account. When she first paid in that $8,000, the bank had to keep some of it as a reserve requirement. That requirement was that they keep 20%.

Now that she is withdrawing the money, the bank would have to retrieve that 20% from the reserve requirement in order to give it back to Charlotte.

That 20% is:

= 20% * 8,000

= $1,600

The bookkeeper for Concord Corporation asks you to prepare the following accrued adjusting entries at December 31.
1. Interest on notes payable of $400 is accrued.
2. Services performed but not recorded total $2,000.
3. Salaries earned by employees of $670 have not been recorded.
Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Dec. 31 2. Dec. 31 3. Dec. 31 Click if you would like to Show Work for this question:

Answers

Answer:

No  Date    Account Titles and Explanation       Debit     Credit

1.  Dec. 31   Interest expenses                               $400

                           Interest payable                                        $400

                  (To record interest due on notes)

2. Dec. 31   Account receivable                             $2,000

                             Service revenue                                      $2,000

                  (To record the service revenue earned)

3. Dec. 31   Salaries and wages expenses            $670

                              Salaries and wages payable                 $670

                   (To record the alaries and wages expenses)

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