An earned value report shows:
A) How much money has actually been spent so far on the project.
B) Slippages in performance measures for the work product.
C) The budgeted value of work performed.
D) Slippages in time against planned measures.
C
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The disclosure principle states that a company should report enough information for outsiders to make knowledgeable decisions about the company
Indicate whether the statement is true or false
DM Corporation has provided you with the following budgeted income statement for one of its products
Sales revenue $700,000 Variable costs (430,000 ) Contribution margin $270,000 Fixed costs (320,000 ) Operating loss $(50,000 ) DM has just encountered environmental problems with the product and will be forced to drop the product line altogether. DM will be able to eliminate 70% of the fixed costs. What will be the impact on operating income of the company? A) Operating income will decrease by $224,000. B) Operating income will decrease by $46,000. C) Operating income will increase by $224,000. D) Operating income will increase by $46,000.
A defining characteristic of the pay-as-you-go business model is that the
A. the basic features of a service are provided free of charge, but the user must pay for premium services. B. users pay for only the services they consume. C. initial product is often sold at a loss in order to drive demand for complementary goods. D. users pay for access to a product or service whether they use it during the payment term or not.
Locate the PCAOB's Settled Disciplinary Order against the auditors of the Satyam financial statements, which can be found on the PCAOB's website under the link for "Enforcement" (see PCAOB Release No. 105- 2011-002 dated April 5, 2011), and review the sanctions imposed on the audit firms within the PW India network. You will see that the PCAOB censured all five firms in the PW India network, even
though three of those firms did not participate in the audit of Satyam’s financial statements. Discuss why the PCAOB charged all five firms rather than only charge PW Bangalore and Lovelock & Lewes? What will be an ideal response?