If the Cumulative Earned Value Is $10 and the Cumulative

question 42

Multiple Choice

If the cumulative earned value is $10 and the cumulative actual costs are $20, then the CPI is

• A) $10.
• B) -$10.
• C) 0.5.
• D) 2.0.

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Definitions:

Sales Taxes Payable

Liabilities recorded on the balance sheet for sales tax collected from customers on behalf of governmental entities, to be remitted in the future.

Sales Tax Expense

The cost incurred by a business collecting sales tax from customers, which is then remitted to the government, not to be confused with a direct business expense.

Accrued Interest

Interest that has been incurred but not yet paid, typically recorded as a liability on the balance sheet.

Interest Charged

Interest charged is the cost applied to borrowing money, typically expressed as an annual percentage of the loan amount.