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Questions in business

📝 Answered - 3 ABC Stationers launched a one-time initiative to develop a new school stationary distribution project for all government schools. Unlike daily operations projects, this project had a fixed timeline, specific goals, and a unique outcome, highlighting its distinction from routine operations. Suggest in detail five key characteristics that differentiate a project from routine operational processes in an organization.

📝 Answered - How would you differentiate between a manager and an entrepreneur in terms of innovation? Entrepreneurs are more innovative Entrepreneurs focus on stability Managers create ideas Entrepreneurs are risk-averse

📝 Answered - Greg grew up in and lives in a rural area. He’s very comfortable selling that type of property and knows he can work well with clients in that area. What property type will be his specialty? Options: - Special-purpose - Agricultural - Commercial - Recreational

📝 Answered - Problem 1-3 (IAA) On December 31, 2022, Cordillera Company reported the following liabilities: Note payable - 9%: 3,000,000 Note payable - 8%: 6,000,000 Note payable - 10%: 4,000,000 Note payable - 11%: 5,000,000 The 9% note payable is noncancelable and matures on July 31, 2023. Sufficient cash is expected to be available to retire the note at maturity. The 8% note payable matures on May 31, 2028, but the creditor has the option of calling the note or demanding payment on June 30, 2023. However, the call option is not expected to be exercised given the prevailing market condition. The 10% note payable is due on March 31, 2024. A debt covenant requires Cordillera Company to maintain current assets at least equal to 150% of current liabilities. On December 31, 2022, Cordillera Company is in violation of this covenant. However, Cordillera Company obtained a waiver from the creditor until June 2023, having convinced the creditor that Cordillera Company's normal 2 to 1 ratio of current assets to current liabilities shall be reestablished during the first half of 2023. The 11% note payable matures on June 30, 2023. On January 31, 2023, before the issuance of the 2022 financial statements, the note payable was refinanced on a long-term basis. Required: Explain the appropriate classification of the notes payable as current or noncurrent in the statement of financial position on December 31, 2022.

📝 Answered - Journal Entry for Rent paid in cash is: A) Debit Rent A/c, Credit Cash A/c. B) Debit Bank A/c, Credit Rent A/c. C) Debit Cash A/c, Credit Rent A/c. D) None of the options.

📝 Answered - When the entity invoices a customer, we expect to see a credit to Revenue and debit to Trade Receivables. In the journal entry postings between Revenue, Trade Receivables, and Cash analysis, which account should be selected as "Secondary?" Options: - Trade Receivables - Revenue - Cash

📝 Answered - An electric device delivers a current of [tex]$15.0 A$[/tex] for 30 seconds. How many electrons flow through it?

📝 Answered - When is it a good time to educate the client on how to achieve the same results at home? A. during the Connect service essential B. during the Consult service essential C. during the Create service essential D. during the Complete service essential

📝 Answered - Which of the following is a TRUE statement about receipts when filing a claim for payment? A. Receipts are optional if reservations are made in an automated travel system. B. Receipts are for all rental cars regardless of cost. C. Receipts are mandatory for all lodging and expenses of $75 or more. D. For all expenses regardless of cost or expense type.

📝 Answered - Which one is not based on the passage of time? A. All of the answer choices are correct. B. Declining-balance method C. Straight-line method D. Units-of-production method