The process of reporting to see that the project plan is being followed is known as ________.
Fill in the blank(s) with the appropriate word(s).
Answer: monitoring and controlling
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Corey in a desperate need to get to the airport decides to take his neighbor Tanner's help. Tanner agrees to help and drives Corey to the airport. Upon arrival at the airport, Corey promises to pay Tanner $25 for the gas fill
Corey's promise falls under which of the following contracts? A) illegal consideration B) illusory promise C) preexisting duty D) past consideration
Wang Co. manufactures and sells a single product that sells for $450 per unit; variable costs are $270. Annual fixed costs are $800,000. Current sales volume is $4,200,000. Compute the break-even point in units.
A. 1,933. B. 2,900. C. 4,444. D. 1,160. E. 5,500.
On January 1, Year 1, O'Keefe Co. issued bonds with a face value of $400,000 and a stated interest rate of 10%. The bonds have a life of ten years and were sold at 108. O'Keefe uses the straight-line method to amortize bond discounts and premiums. On December 31, Year 4, O'Keefe called the bonds at 106. Indicate whether each of the following statements is true or false.________ a) The interest expense for Year 1 was $40,000.________ b) The balance in the bonds payable account was $400,000 on December 31, Year 1.________ c) The carrying value of bonds payable was $419,200 on December 31, Year 4.________ d) When O'Keefe repurchased the bonds, total assets decreased by $419,200.________ e) When O'Keefe repurchased the bonds, it had to recognize a loss in the amount of $4,800.
What will be an ideal response?
Otool Inc. is considering using stocks of an old raw material in a special project. The special project would require all 170 kilograms of the raw material that are in stock and that originally cost the company $2436 in total. If the company were to buy new supplies of this raw material on the open market, it would cost $6.9 per kilogram. However, the company has no other use for this raw material and would sell it at the discounted price of $6.20 per kilogram if it were not used in the special project. The sale of the raw material would involve delivery to the purchaser at a total cost of $65 for all 170 kilograms. What is the relevant cost of the 170 kilograms of the raw material when deciding whether to proceed with the special project?
A. $1150 B. $1173 C. $989 D. $1054