Northeastern plans to upgrade the projectors in all classrooms; so they assigned Mary to be the Project Manager for this. She got quotes from various vendors and she decided to go with Sony for about $200,000. She planned to place an order on March 1st. Sony, quoted half of the units will be delivered in 45-days, the remaining of the units will be delivered in the next 60-days after the first delivery payment terms are NET-30 for each delivery. The Comptroller keeps track the accruals and actual cash spent for the projectors. Also, he tries to delay payments to the last minute in-order to use the money elsewhere. a. At what point of time Mary should consider that this project budget is allocated? b. What is the monthly acrual report to Mary c. What is the monthly spending report to Mary?
Northeastern plans to upgrade the projectors in all classrooms; so they assigned Mary to be the Project
Manager for this. She got quotes from various vendors and she decided to go with Sony for about
$200,000. She planned to place an order on March 1st.
Sony, quoted
half of the units will be delivered in 45-days,
the remaining of the units will be delivered in the next 60-days after the first delivery
payment terms are NET-30 for each delivery.
The Comptroller keeps track the accruals and actual cash spent for the projectors. Also, he tries to
delay payments to the last minute in-order to use the money elsewhere.
a. At what point of time Mary should consider that this project budget is allocated?
b. What is the monthly acrual report to Mary
c. What is the monthly spending report to Mary?
Step by step
Solved in 2 steps
