Which of the following are true? (check all that apply)
10. Question 10 Which of the following are true? (check all that apply) 1 / 1 point Companies that use LIFO for tax purposes in the US must use LIFO for their…
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A company that sells flux capacitors uses LIFO for its inventory accounting. It had 100 flux capacitors in Inventory on 12/31/2011 with a total cost of $100,000. The company bought 50 flux capacitors costing $55,000 on 3/3/12; another 50 flux capacitors costing $65,000 on 6/6/12; and another 100 flux capacitors costing $140,000 on 9/9/12. During 2012, the company sold 150 flux capacitors. What was the balance in Inventory on 12/31/2012?
9. Question 9 A company that sells flux capacitors uses LIFO for its inventory accounting. It had 100 flux capacitors in Inventory on 12/31/2011 with a total cost of $100,000….
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Which of the following costs would flow through the Work in Process account for a manufacturing firm? (check all that apply)
6. Question 6 Which of the following costs would flow through the Work in Process account for a manufacturing firm? (check all that apply) 1 / 1 point Cost of direct labor…
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A retail company had a balance in Inventory of $500,000 on 12/31/2012. During 2012, the company purchased $2,000,000 of new inventory. According to the point-of-sale scanners, the company sold goods costing $2,200,000 during 2012. What was the balance in Inventory on 12/31/2011?
7. Question 7 A retail company had a balance in Inventory of $500,000 on 12/31/2012. During 2012, the company purchased $2,000,000 of new inventory. According to the point-of-sale scanners, the…
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Imagine that the main supplier for a construction project runs out of steel girders and needs to obtain more to complete the order. Which key component of project initiation does this scenario concern?
5. Question 5 Imagine that the main supplier for a construction project runs out of steel girders and needs to obtain more to complete the order. Which key component of…
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Imagine you’re the project manager of a new grocery delivery service. You meet with stakeholders to set an overarching framework of what is and is not included in the project statement of work and deliverables. Which project initiation component are you trying to determine?
4. Question 4 Imagine you’re the project manager of a new grocery delivery service. You meet with stakeholders to set an overarching framework of what is and is not included…
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Fill in the blank: Project initiation includes determining resources, documenting key components, and _____.
1. Question 1 Fill in the blank: Project initiation includes determining resources, documenting key components, and _____. 1 / 1 point finalizing budgets solidifying scope onboarding the team establishing…
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When calculating a cost-benefit analysis for a project, what do you call gains that are not quantifiable?
7. Question 7 When calculating a cost-benefit analysis for a project, what do you call gains that are not quantifiable? 1 / 1 point Intangible benefits Quarterly income Yearly profits…
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You expect that a project will bring in $15,000 USD in revenue per year. You estimate it will cost $10,000 up front. You also estimate costs of $100 per month for the first 12 months, which equals $1,200 per year. Using the formula (G-C) ÷ C = ROI, how would you calculate the project’s return on investment (ROI) after the first 12 months?
8. Question 8 You expect that a project will bring in $15,000 USD in revenue per year. You estimate it will cost $10,000 up front. You also estimate costs of…
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What are the key components of project initiation?
3. Question 3 What are the key components of project initiation? 1 / 1 point Findings, scope, planning, deliverables, success criteria, and resources Goals, scope, deliverables, success criteria, stakeholders, and resources…