Apportionments are issued by the OMB and establish the amount of an appropriation that will be available each quarter.
Answer the following statement true (T) or false (F)
True
The OMB issues apportionments. An apportionment is an allocation of the total appropriation to specific time periods. The purpose of apportionment is to prevent the federal agency from spending the appropriation too rapidly and having to request a supplemental appropriation later in the year.
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Poole Company began business on January 1, 2016 . The corporate charter authorized issuance of 5,000 shares of $1 par value common stock, and 4,000 shares of $8 par value, 6% cumulative preferred stock. None of the preferred shares were issued. On July 1, Poole issued 1,000 shares of common stock in exchange for two years rent on a retail location. The cash rental price is $2,400 per month and
the rental period begins on July 1 . The correct entry to record the July 1 transaction will a. Increase Cash, $57,600; Decrease Prepaid Rent, $57,600 b. Increase Prepaid Rent, $57,600; Increase Common Stock, $57,600 c. Increase Prepaid Rent, $57,600; Increase Common Stock, $1,000; Increase Additional Paid-in Capital—Common, $56,600 d. Increase Prepaid Rent, $57,600; Increase Common Stock, $5,000; Increase Additional Paid-in Capital—Common, $52,600
The major provisions of the ______ cover minimum wage, overtime issues, and child labor rules.
A. Fair Pay Act B. Wage and Rule Act C. Equal Pay Act D. Fair Labor Standards Act
Chicks Corporation had $1,100,000 in invested assets, sales of $1,210,000, income from operations amounting to $242,000, and a desired minimum rate of return of 15%. The residual income for Chicks is:
A) $60,500 B) $22,000 C) $77,000 D) $24,200
The level of the Project Management Maturity Model where the focus is on continuous improvement through incremental advancements of existing practices and by innovations using new technologies and methods is called ________ of project management system.
Fill in the blank(s) with the appropriate word(s).