A third method for determining the forecasted cost at completion is to re-estimate the costs for all the remaining work to be performed and then add this re-estimate to the cumulative actual cost. If the amount of cumulated actual costs is less than difference between the total budgeted cost and the re-estimate, then
a. the FCAC is greater than the TBC.
b. the FCAC is less than the TBC.
c. the FCAC cannot be calculated with the values given.
d. additional information is needed to predict the FCAC.
b
You might also like to view...
Patty, the CEO of an oil drilling company, and her top management team recently discovered that their facilities are damaging an Asian beach and the local wildlife. They understand that they need to decide if temporarily closing or not closing the facility is unethical. To help them make their decision, they consider the following four questions: "Is not temporarily closing the facility legal? If yes, does this proposed action maximize shareholder value? If yes, is not temporarily closing the facility ethical? If no, would it be ethical to take the proposed action?" Patty and her top managers are using ____ to help them make their decision.
A. Bagley's ethical decision tree B. Maslow's hierarchy of needs C. the stakeholder's value statement D. Frank Gilbreth's code of ethical conduct E. the Sarbanes-Oxley Act of 2002
Which of the following is discussed in your text with respect to data collection methods and cultural norms?
A) In Scandinavia, residents are uncomfortable allowing strangers in their homes. B) In India, less than 10% of the residents have a telephone, and online access is very low; therefore door-to-door interviewing is used often. C) In South America, door-to-door interviewing is used often. D) In Canada, where incentives are typically not offered to prospective respondents, there is heavy use of telephone surveys, but online research continues to grow. E) In China, face-to-face interviews embody respect and are preferred.
The annual report contains four basic financial statements: the income statement, the balance sheet, the cash flow statement, and statement of stockholders' equity.
Answer the following statement true (T) or false (F)
________ show a chronological sequence of activities
A) Combination charts B) Pie charts C) Topographical charts D) Flowcharts