The Budget at Completion (BAC) is the sum of all budgets established for the work to be performed on a project. As such it is equivalent to:
a. the total planned value of the project.
b. the total earned value of the project.
c. the total actual cost of the project.
d. the total value of the work completed to date
A
You might also like to view...
When an appropriation of retained earnings is made, total retained earnings is decreased
a. True b. False Indicate whether the statement is true or false
The Packer Video Company files for Chapter 7 bankruptcy. Its only non-exempt asset is a piece of equipment valued at $15,000 . The claims that have been approved by the trustee are as follows: (1) $2,500 in expenses of the trustee in the administration of the estate. (2) $4,000 in wages, salaries, and commissions earned by employees within ninety days before the filing of the bankruptcy petition
and the cessation of the business. (3) $500 in employment taxes owed to the state. (4) Unsecured claims in the amount of $10,000. (5) A perfected security interest in the amount of $2,000 which is held by First Bank and which is secured by the item of equipment. How much money will be available to pay the general unsecured creditors who have no priority? a. $15,000 b. $13,000 c. $10,500 d. $6,000 e. No money will be available to pay the general unsecured creditors.
One of the changes to enhance the effectiveness of the board of directors is the creation of a "lead director" role that has strong powers with regard to the board agenda and oversight of non-management board member activities.
Answer the following statement true (T) or false (F)
Which of the following is not true about Jon Corzine?
a. He is the former governor of New Jersey. b. He is the former senator from New Jersey. c. He is the former chairman of Goldman Sach's. d. He was hands-off in his management style at MF Global.