The percentage-of-completion method must be used when certain conditions exist. Which of the following is not one of those necessary conditions?
a. Estimates of progress toward completion, revenues, and costs are reasonably dependable.
b. The contractor can be expected to perform the contractual obligation.
c. The buyer can be expected to satisfy some of the obligations under the contract.
d. The contract clearly specifies the enforceable rights of the parties, the consideration to be exchanged, and the manner and terms of settlement.
Ans: c. The buyer can be expected to satisfy some of the obligations under the contract.
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Suppose the direct foreign exchange rates in U.S. dollars are as follows:1 Swiss franc = $1.03711 Swedish krona = $0.1526Based on the information given above, how many Swiss francs are required to purchase goods costing $5,000 U.S.?
A. 32,785 B. 4,821 C. 5,186 D. 763
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A) instinct; data B) budgetary limitations; guesswork C) creativity; accountability D) metrics; analytics E) qualitative measures; quantitative measures
As a rule, closely related departments, such as accounting and data processing, should be located near
A. The entrance to the building. B. A conference room. C. The mailroom and receiving areas of the building. D. One another.
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a. deviance b. inattention c. lack of ability d. uncertainty