Determine the Shortest Processing Time (SPT)sequence for the Jobs Listed

question 69

Multiple Choice

Determine the shortest processing time (SPT) sequence for the jobs listed in the following table. $$\begin{array} { | c | c | c | } \hline \text { Job } & \begin{array} { c } \text { Processing time } \\\text { (in days\} }\end{array} & \begin{array} { c } \text { Due date (in days from } \\\text { today's date\} }\end{array} \\\hline \text { A } & 4 & 9 \\\hline \text { B } & 10 & 18 \\\hline \text { C } & 6 & 6 \\\hline \text { D } & 12 & 19 \\\hline \text { E } & 7 & 17 \\\hline\end{array}$$

• A)A-B-C-D-E
• B)A-B-C-D-E.
• C)A-C-E-B-D.
• D)A-E-C-B-D.

Understand the net method of recording purchases and its implications on accounting records.

Identify and describe the principles of internal control.

Explain the significance and computation of days' sales uncollected ratio.

Understand the purpose and application of a voucher system in controlling cash disbursements.

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Definitions:

Immediate Write-Off

The process of fully expensing an asset or expenditure in the current period instead of spreading its cost over its useful life.

Capitalize

To record an expenditure as an asset on the balance sheet rather than expensing it, in order to spread the cost over its useful life.

CICA Handbook

The comprehensive guide published by the Canadian Institute of Chartered Accountants containing accounting and auditing standards in Canada.

Equity Method

An accounting technique used for investments in which the investor has significant influence over the investee but does not exert full control, reflecting the investor's share of the investee's profits and losses.