A Job Has 5 Days of Processing Time Left to Do

question 6

Multiple Choice

A job has 5 days of processing time left to do before completion and today is the 10th day of the month.If the job is due on the 14th day of the month, what is its critical ratio?

• A)5
• B)2
• C)0.8
• D)0.5
• E)0.1

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Definitions:

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities or equity on a company's balance sheet.

Credit

An accounting entry that increases liabilities or equity or represents a decrease in assets, also refers to the provision of resources based on trust.

Owner's Capital

The amount of equity a proprietor has in the business, representing the difference between the business's assets and liabilities.