Consider a Project That Involves Painting Five Similar Houses Over

question 98

Multiple Choice

Consider a project that involves painting five similar houses over ten weeks (one house every two weeks) for a total budgeted cost of $20,000.The budget is $4,000 per house.At of the end of week 5, you determine that $10,000 has actually been spent and three houses have been painted completely. What is the earned value of the project?

• A) $10,000
• B) $12,000
• C) $4,000
• D) $20,000

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Definitions:

Book Value

The worth of an asset as indicated by its balance sheet account balance, which considers the asset's original cost less any depreciation, amortization, or impairment charges.

Dividends in Arrears

Unpaid dividends on preferred stock that accumulate until paid by the corporation, often before any dividends can be paid on common stock.

Par Value

A nominal or face value assigned to a share of stock, bonds, or other securities as stated in the corporate charter or on the stock certificate.

Dividend Rate

The amount of dividend that a company pays out to its shareholders annually, usually expressed as a percentage of the stock's current market price or as a fixed amount per share.