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Adding New Resources to Your Project
Question 1: In order to deliver the project ahead of schedule, you have been granted permission to add more resources to the team. Your Project Sponsor has worked out a deal to add an outside firm (partner) to your team. They have very little understanding of your project and you don't have a lot of time to educate them on the project's specifics. Describe how you plan to incorporate them as members of your project as well as how to get them up to speed on your project.
Determine the approximate amounts for the current year's balances in the form of a balance sheet and income statement using financial ratios.
Access the Accounting Standards Codification and determine the specific citation for each of the following items:
Complete a bank/account reconciliation and write any necessary journal entries for the reconciliation.
Complete cash budget for June and July, including any loan activity and interest expense. Calculate the loan balance at the end of each month.
Hydro Inc. manufactures water sensors used by scientists to measure water quality. For the most recent period ended Hydro manufactured and sold 53,250 sensors at a sales price of $290 per sensor.
Why are account balances summarized into financial statements? Why don't companies simply distribute a list of year-end account balances?
Martinez Lumber Company handles three principal lines of merchandise with these varying rates of gross profit on cost. Lumber 25% Millwork 30% Hardware and fittings 40% On August 18, a fire destroyed the office, lumber shed, and a considerable portio..
Provide entries for the lessee and the lessor from May 1, 2015, through May 1, 2016. Assume interest has been accrued on December 31.
Prepare a General Fund balance sheet as of April 30, 2017. Prepare a statement of revenues, expenditures, and changes in fund balance for the year ended April 30, 2017. Do not prepare the government-wide financial statements.
Calculate the WACC for a large corporation and wondering which tax rate should use. Is the "income tax rate" the one should be using?
WhizBang Corporation discovered that hazardous waste material was buried on property it now owns by the previous owner. It will cost $1.5 million to remove the hazardous was and dispose of it properly. Is it appropriate for the WhizBang board of dire..
In March 2015, Jones Company purchased a Mercedes for use in its business at a cost of $73,000. Assuming no bonus depreciation or Section179 deductions, calculate the allowable tax depreciation on this asset for 2015, 2016 and 2017. Depreciation meth..
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