Ethan Was in Charge of Developing a Web Site That

question 26

Multiple Choice

Ethan was in charge of developing a web site that could be used to sell products and services to his company's clients.If he decides to use the systems development life cycle to structure his work, which of the following statements is most true?

• A)He should be able to complete the task in no more than six months.
• B)He should work alone.
• C)It will be difficult for him to estimate the project's cost.
• D)All of these are true.

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Definitions:

Payee

The individual or entity to whom a payment is to be made or credited.

Allowance Account

A contra-asset account used to record adjustments to accounts receivable, reflecting the amounts expected not to be collected.

Uncollectible

Refers to accounts receivable that are considered to be uncollectable from debtors due to their inability to pay.

Credited

A term used in accounting to denote an increase in liabilities or equity accounts, or a decrease in assets or expense accounts.