Activities on the critical path may have positive or negative slack as long as the overall slack time of the critical path is zero
Indicate whether the statement is true or false.
Answer: FALSE
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An entity erroneously recorded a large purchase twice. Which of the following internal controls would be most likely to detect this error in a timely and efficient manner?
A. Footing the purchases journal. B. Sending written quarterly confirmations to all vendors. C. Reconciling vendors' monthly statements with subsidiary payable ledger accounts. D. Tracing totals from the purchases journal to the ledger accounts.
Maturity value minus the discount amount is equal to proceeds
Indicate whether the statement is true or false
Prior to analysis, the data from a survey is arranged into a(n) ________
A) information graph B) data graph C) information matrix D) data matrix E) data table
Mulvaney Inc ignored the effect of income taxes in its calculation of the sales volume needed to achieve a target profit of $1,000,000. If the company considers the impact of income taxes in its calculation, which of the following statements would be true?
A) Total fixed costs will increase. B) Contribution margin per unit will decrease. C) Sales volume will increase to reach an after-tax profit. D) Sales price per unit will decrease.