Under the percentage-of-completion method, the difference between the Construction in Process and the Billings on Construction in Process accounts is reported in the balance sheet as a current asset if a debit, and as a contra asset if a credit.

In order to control compensation costs, administrators of merit pay programs must closely monitor the compa-ratio and the:

A. number of pay grades in the pay structure. B. an individual's performance ratings. C. number of new hires in the company. D. company's stock price in the financial year. E. average pay of the area where the organization is functioning.

Service level is positively correlated with the size of the buffer stock

Indicate whether this statement is true or false.