Answer: Who else do you know in this career field that I could speak to about this career?
What experience did you obtain before being elected?
Explanation:
Informational interview is the interview which is conducted to obtain information from the celebrities, politicians, and other important people to understand and learn about the strategies and planning they are gone through with in their career.
Informational interview can also be defined as a kind of meeting in which the potential job seekers get career advice.
Here, Sherry is going to obtain the career advice from mayor. Thus she will ask question related to mayor's career.
She can ask about the prior experience of mayor in politics or any other field before he was elected. She can also ask about who else she can talk related to this career for better understanding.
Answer:
b. project A; because its NPV is about $4,900 more than the NPV of project B
Explanation:
Net present value is the Net value all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.
Mutually exclusive projects are those projects where only one project is selected for investment after analysis. NPV is the most preferred method in the evaluation of mutually exclusive projects for capital budgeting. That project is accepted which has higher positive NPV.
Net present value of Project A =$13,157.24
Net present value of Project A =$8,256.98
Difference = $13,157.24 - $8,256.98 = $4,900.26
Net Present value working is made in MS Excel File which is attached with this answer, please find it.
Explanation:
The second closing entry is as follows
Income summary Dr $48,000
To Depreciation Expense $25,000
To Salaries expense $23,000
(Being the expenses account are closed)
While closing the expenses account we debited the income summary account with a total amount of expenses account and credited the expenses account individually with their amount
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