What is the difference between an action plan and a timetable?
What will be an ideal response?
An action plan lists everything that needs to be done to accomplish a specific goal. The tasks are listed out in the order that they need to be done. However, specific dates are not included on an action plan. An action plan is used for simple projects. A timetable is used for more complex projects. Tasks are listed out along with completion dates that tell you when each stage of the project is due to be finished.
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Companies following the __________ philosophy insist that no unit of a similar product is different from any other unit in terms of cost and that each unit must bear its full share of total fixed and variable cost
A. premium pricing B. variable cost pricing C. fixed cost pricing D. full cost pricing E. demand based pricing
Reversing entries are used in conjunction with ________
A) accrual-type adjustments B) closing entries C) GAAP D) Unearned Revenue and Prepaid Rent