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Zarrin [17]
3 years ago
10

A milestone is a typical measuring point used when establishing cost control. Which of the following DOES NOT accurately describ

es the use of cost control milestones?
Business
1 answer:
KiRa [710]3 years ago
5 0

Answer:

d. Milestones are developed during risk planning.

Explanation:

A milestone is a typical measuring point used when establishing cost control. Which of the following does NOT accurately describes the use of cost control milestones?Select one:a. Project managers and sponsors often decide the number of milestones jointly.b. Milestones are often identified in the project charter.c. Project managers can use their cash flow projections to determine the funding needed to reach each milestone.d. Milestones are developed during risk planning.

<u>ANSWER</u>

It is not correct that milestones are developed during risk planning but rather they are developed during Project budgeting where the deliverables are identified in terms of the cost to achieve them. Truly as stated in the scenario's options, Project managers can use their cash flow projections to determine the funding needed to reach each milestone. It is in the project planning phase that these milestones are established by Project managers and sponsors jointly.

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John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January.
spayn [35]

Answer:

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $34,000

       To Common stock A/c $34,000

(Being the cash is received in exchange of common stock)

2. Medical supplied A/c Dr $17,000

          To Account payable A/c $17,000

(Being the medical supplies are purchased on account)

3. Cash A/c Dr $1,600

        To Service Revenue A/c $1,600

(Being the cash is received for service performed)

4. Office Rent Expenses A/c Dr $3,000

           To Cash A/c $3,000

(Being the office rent expense is paid for cash)

5. Accounts Receivable A/c Dr $7,000

            To Service revenue A/c $7,000

(Being the service revenue is recorded)

4 0
3 years ago
The following information is provided for Sacks Company before closing entries. Cash $ 12,000 Supplies 4,500 Prepaid rent 2,000
RideAnS [48]

Answer:

b. $78,500

Explanation:

Assets

Equipment                       $65,000

Cash                                 $12,000

Supplies                           $4,500

Prepaid rent                     <u>$2,000</u>

Total Assets                     <u>$83,500</u>

Equity and Liabilities

Common stock                $68,000

Retained earnings           <u>$10,500</u>

Total Equity                      $78,500

Accounts payable            <u>$5,000</u>

Total Equity and Liability <u>$83,500</u>

*<u>Working</u>

Net Profit = Service revenue - Salaries Expenses - Miscellaneous expenses

Net Profit = $30,000 - $4,500 - $20,000 = $5,500

Total retained Earning = $8,000 + $5,500 - $3,000 = $10,500

5 0
3 years ago
Rich and Lucy were married for 52 years. Rich died on May 9, 2020. Lucy has no dependents, and she did not remarry. The correct
KATRIN_1 [288]

Based on the year that Rich died and the year that Lucy is filing her taxes, the most favorable filing status is <u>Married filing jointly. </u>

Current tax laws are such that if a person loses a spouse in a certain year and does not remarry in that year, they can file in a joint manner with their now late spouse.

Rich died in 2020 and Lucy did not remarry. Lucy's 2020 returns can therefore be filed as a joint filing with Rich even though he is no longer alive.

In conclusion, the correct answer is option A.

Find out more about joint filing at brainly.com/question/2433386.

4 0
2 years ago
Read 2 more answers
Angorasia, an Asian country, supports a free market system. The flexible economy of the country makes it fairly easy for new sel
skelet666 [1.2K]

Answer:

The correct answer is letter "C": consumerism.

Explanation:

Consumerism is the approach stating that only individuals' demand for goods and services should drive the economy. This idea departures from the belief that an increase in consumption leads to an increase in production, thus, the overall economic growth.

5 0
3 years ago
An economist defines efficiency as: a. ​ the maximization of inputs using available resources. b. ​ the maximization of revenue
Viefleur [7K]

Answer:

d. ​ the maximization of output from available resources.

Explanation:

Efficiency is a situation where every resource is used in an optimal way to give the best possible result and eliminate waste. Efficient production is one with the lowest costs.  Economic efficiency is, therefore, the maximization of scarce resources to achieve the most economic benefit or output to consumers.

Efficiency is a relationship between inputs and output. It involves around how to use less inputs to get more value in the output. Economic efficiency focuses on the value obtained rather than quantities. It will include efficient production, efficient distribution, and efficient consumption of goods and services.

4 0
2 years ago
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