Which of the following is true regarding the project sponsor?
A. Most projects have more than one project sponsor.
B. The project sponsor is the only person with approval authority.
C. The project sponsor has ultimate approval authority.
D. The project sponsor typically communicates directly with project team members.
C. The project sponsor has ultimate approval authority.
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When the NewWay Dry Cleaners and The Easy Laundromat in your hometown join forces to pursue a new marketing opportunity, they are forming a horizontal marketing system
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. The elements of the accounting equation (assets, liabilities, and owners’ equity) are reflected in the balance sheet and the income statement. 2. A balance sheet indicates the firm’s financial position as of a particular point in time. 3. Cash, inventory, and store equipment are all included in current assets. 4. All long-term assets, including land, are depreciable. 5. Working capital is the difference between current assets and current liabilities.
Following is an extract of account balances of Wilson Mowing Services as of December 31 of the first year of operation
Accounts Receivable $4,000 Accounts Payable 7,000 Salaries Expense 5,000 Repairs Expense 500 Truck 8,000 Equipment 8,000 Notes Payable 8,100 Cash 7,300 Supplies Expense 1,500 Service Revenue 31,000 Gasoline Expense 3,900 Salaries Payable 100 What is the amount of total assets at the end of the year? A) $12,000 B) $27,300 C) $16,000 D) $23,300
The firm's cost of capital is important when evaluating the firm's overall value, but it should not be
used to evaluate individual projects which have their own unique characteristics. Indicate whether the statement is true or false