Which of the following activities are typically included in a project kick-off meeting?
a. The project manager evaluates team member performance.
b. The project team collects lessons learned for use on future projects.
c. The project manager outlines the project goals.
d. The project sponsor brings in a facilitator to conduct a brainstorming exercise
C
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Kenai Company sold $600 of merchandise to a customer who used a National Bank credit card. National Bank deducts a 3% service charge for sales on its credit cards. Kenai electronically remits the credit card sales receipts to the credit card company and receives payment immediately. The journal entry to record the collection from the credit card company would be:
A. Debit Accounts Receivable?National $582; debit Credit Card Expense $18 and credit Sales $600. B. Debit Cash of $618 and credit Accounts Receivable?National $618. C. Debit Cash $582; debit Credit Card Expense $18 and credit Sales $600. D. Debit Cash $582 and credit Sales $582. E. Debit Cash of $618; credit Credit Card Expense $18 and credit Sales $600.
Everyone agrees that cause-related marketing is beneficial.
Answer the following statement true (T) or false (F)
Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit$97Budgeted unit sales (all on credit): January 10,000February 12,000March 13,300April 15,200? Raw materials requirement per unit of output 4poundsRaw materials cost$1.00per poundDirect labor requirement per unit of output 2.5direct labor-hoursDirect labor wage rate$23.00per direct labor-hourPredetermined overhead rate (all variable)$9.00per direct labor-hourVariable selling and administrative expense$3.10per unit soldFixed selling and administrative expense$70,000per month?Credit sales are collected: 30% in the month of the sale 70% in the following month?Raw materials
purchases are paid: 30% in the month of purchase 70% in the following month?The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.?The expected cash collections for February is closest to: A. $349,200 B. $970,000 C. $1,028,200 D. $679,000
CTS frames tell other clients that you have received a RTS frame
Indicate whether the statement is true or false.