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NEW QUESTION: 1
Recent activities in the marketplace have caused your company to comply with requests from 50 percent of your policyholders to cancel their policies. The company complies and refunds them amounts due. Your audit of this should ensure these refunds were charged against what account?
A. Allocation for uncollectible accounts
B. Goodwill
C. Incurred but not reported (IBNR)
D. Unearned premium reserve
Answer: D

NEW QUESTION: 2
Jenny works as a Project Manager for Blue Well Inc. She is measuring the schedule efficiency of her project. The key values are provided in the table below:
Measurements Values
BCWP (or EV) 425
BCWS (or PV) 400
ACWP (or AC) 510
What is the schedule performance index (SPI) of the project at the current point of time?
A. 0.88
B. 1.0625
C. 0.96
D. 1.082
Answer: B
Explanation:
Explanation/Reference:
Explanation:
According to the question, you are required to calculate the schedule performance index (SPI) of the project. Schedule performance index (SPI) is the measure of schedule efficiency on a project. It is used in trend analysis to predict future performance. SPI is the ratio of earned value to planned value. The SPI is calculated based on the following formula: SPI = Earned Value (EV) / Planned Value (PV) If the SPI value is greater than 1, it indicates better than expected performance, whereas if the value is less than 1, it shows poor performance. The SPI value of 1 indicates that the project is right on target. Here, SPI is calculated as follows: SPI = EV / PV = 425/400 = 1.0625 As the SPI (1.0625) is greater than 1, it shows that the schedule performance is better than expected. What is BCWP (or EV)? Budgeted cost of work performed (BCWP) or Earned Value (EV) is the value of completed work. It is the budgeted amount for the work actually completed on the schedule activity during a given time period. What is BCWS (or PV)?
Budgeted Cost of Work Scheduled (BCWS) or Planned Value (PV) is the authorized budget assigned to the scheduled work to be accomplished for a schedule activity or Work Breakdown Structure (WBS) component. What is ACWP (or AC)? Actual cost of work performed (ACWP) or Actual Cost (AC) is the total costs actually incurred and recorded in accomplishing work performed during a given time period for a schedule activity. It is the cost of the work to date, including direct and indirect costs. AC is money that has actually been expended to date.

NEW QUESTION: 3
You work as a security engineer for BlueWell Inc. According to you, which of the following DITSCAPNIACAP model phases occurs at the initiation of the project, or at the initial C&A effort of a legacy system
A. Definition
B. Validation
C. Verification
D. Post Accreditation
Answer: A