Use the earned value table for Project Makeready to calculate the estimated cost to completion
Activity 7 14 21 28 35 42 49 Plan % Complete
Install fixtures 325 250 575 100%
Refinish floors 550 85 635 100%
Replace doors 350 275 625 100%
Complete tiling 1,200 565 1,765 80%
Install back door 875 225 1,100 70%
Landscaping 200 350 550 25%
Monthly Plan 325 800 435 1,475 1,440 425 350 5,250
Monthly Act 550 550 550 1,100 1,650 550 1,100
A) $4,285
B) $5,250
C) $6,050
D) $7,645
D
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Indicate whether the statement is true or false
Monitoring, the fifth component of internal control, involves
A) assessing the quality of internal controls over time and taking corrective actions if necessary. B) studying the methods used and records established to identify, assemble, analyze, classify, record, and report the organization's transactions. C) maintaining accountability for the financial structure (i.e., assets and liabilities) of the organization. D) assessing and managing the risks that affect the organization's objectives.