The cumulative earned value of the project is
a. the sum of the planned costs of the project
b. the sum of the budgeted costs of the work actually performed.
c. the sum of the budgeted cost of the work scheduled.
d. the sum of the differences between what was planned and the actual costs.
b
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The following information is needed to reconcile the cash balance for Natural Landscaping Services.
* A deposit of $5,800 is in transit. * Outstanding checks total $1,500. * The book balance is $6,800 at February 28, 2019. * The bookkeeper recorded a $1,740 check as $17,400 in payment of the current month's rent. * The bank balance at February 28, 2019 was $18,000. * A deposit of $400 was credited by the bank for $4,000. * A customer's check for $3,700 was returned for nonsufficient funds. * The bank service charge is $60.
The outsourcing decision is also referred to as a "make-or-buy" decision
Indicate whether the statement is true or false
Information about all three manufacturing inventory accounts is required to prepare the cost of goods manufactured and sold schedule.
Answer the following statement true (T) or false (F)
A company receives payment from one of its customers on August 5 for services performed on July 21. Which of the following entries would be recorded if the company uses accrual basis accounting?
A) Cash 1,000 Accounts Receivable 1,000 B) Salaries Expense 1,000 Cash 1,000 C) Cash 1,000 Service Revenue 1,000 D) Supplies 1,000 Cash 1,000