A project manager that uses milestones as a project control device is using a:
A) Proactive control system.
B) Predictive control system.
C) Feedback control system.
D) Reactive control system.
D
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Dividing cost of goods sold by the average of merchandise inventory is the calculation for the
a. accounts receivable turnover. b. working capital turnover. c. merchandise inventory turnover. d. plant and equipment turnover.
If receipts from cash sales of $7,500 were recorded incorrectly as $5,700 in the company's books, then this item would be included on the bank reconciliation as a(n)
a. deduction from the balance per company's records b. addition to the balance per bank statement c. deduction from the balance per bank statement d. addition to the balance per company's records
When using the allowance method, the write-off of a receivable ________.
A) involves a contra-revenue account B) reduces the amount of the Allowance for Bad Debts account C) decreases net income D) affects the net realizable value of accounts receivable
Costs that remain constant over a range of production and then abruptly change include:
a. unexpected costs. b. step-variable costs. c. semifixed costs. d. curvilinear costs.