Identify several advantages of using PERT (and CPM)
What will be an ideal response?
The advantages include 1. its usefulness for scheduling and controlling large projects, 2. its straightforward concept, 3 . its graphical displays of relationships among activities, 4. its critical path and slack time analyses, 5. its ability to document processes, 6. its wide range of applicability, 7. and its usefulness in monitoring schedules and costs.
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Intracompany comparability would be violated if
A) a company used LIFO as its inventory cost method while other companies in the same industry used FIFO B) a company changed its bad debts expense estimate from one percent to two percent C) a bank did not classify its assets as current assets and noncurrent assets D) a company expenses all expenditures of less than $500 even if the expenditures result in probable future economic benefit
On October 1, Vista View Company rented warehouse space to a tenant for $2600 per month and received $13,000 for five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The Unearned Rent account balance at the end of December, after adjustment, should be:
A. $10,400. B. $5200. C. $2600. D. $13,000. E. $7800.
Full-service retailers, such as Sears and JC Penney, provide more sales assistance because they carry more convenience products about which customers need information
Indicate whether the statement is true or false
Which of the following guidelines should be followed when extending credit??
A) A credit applicant must be notified of the credit decision within 10 days of receipt of the request.? B) ?The party granting the credit should not disclose the terms of the credit agreement. C) ?The credit aspect should be emphasized more than the acknowledgment of an order. D) ?The basis for the decision to extend credit must never be indicated.