Given an auditing project with the following activities, Using the critical path, find: (a) The probability of
Question:
Given an auditing project with the following activities,
Using the critical path, find:
(a) The probability of completing this project in 12 weeks (or less), as the client desires.
(b) The probability of completing this project in 13 weeks (or less).
(c) The probability of completing this project in 16 weeks (or less), the client's drop-dead date.
(d) The number of weeks required to assure a 92.5 percent chance of completion, as guaranteed by the auditingfirm.
Transcribed Image Text:
Standard Deviation Activity a, add b, balance c, count d, deduct e, edit f, finance g, group h, hold Critical? Duration yes
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Using critical path analysis with the data provided gives the following t...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Project Management A Managerial Approach
ISBN: 978-0470226216
7th Edition
Authors: Jack R. Meredith, Samuel J. Mantel,
Question Posted:
Students also viewed these Management Leadership questions
-
Conoly Co. has identified an investment project with the following cash flows. If the discount rate is 5 percent, what is the present value of these cash flows? What is the present value at 13...
-
Consider an investment project with the following cash flows: n Cash Flow 0..-$5,000 1..........$0 2...$4,840 3...$1,331 Compute the IRR for this investment. Is this project acceptable at MARR = 10%?
-
Consider an investment project with the following repeating cash flow pattern every four years forever: What is the annual-equivalence amount of this project at an interest rate of 14%? $100 $100...
-
Use the test of your choice to determine whether the following series converge. 1 1! + 4 2! + 9 16 + 3! 4!
-
Montoure Company uses a periodic inventory system. It entered into the following calendar-year 2016 purchases and sales transactions. (For specific identification, units sold consist of 600 units...
-
On its December 31, 2016, income statement, Durango reported a loss on sale of stock of $4,500. The loss resulted from the sale of 2,000 shares of ABC Corp. stock that Durango purchased during 2016...
-
Algoma Metals Inc. uses a standard cost system. The months data regarding its cast iron vats follow: Prepare schedules of all variances, using the format of Exhibit 12-9 (the general three-column...
-
CVP analysis is both simple and simplistic if you want realistic analysis to underpin your decisions, look beyond CVP analysis. Do you agree? Explain.
-
Macmillan Learning Cookie Monster loves cookies! The table shows how his utility varies with cookie consumption, but the table is missing some numbers (possibly because Cookie Monster also loves to...
-
The file P07_02.xlsx contains data on the 1995 students who have gone through the MBA program at State University. You can consider this the population of State Universitys MBA students. a. Find the...
-
Given the following financing project being considered by a venture firm, find the critical path probability of completion by 17 weeks. By 24 weeks. By what date is management 90 percent sure...
-
The following network is a compressed representation of the prospectus of a start-up firm that plans to develop a new, bio electronic computer chip. Note that four activities, the biological...
-
Should airlines be required to charge standard prices based on distance and equal airfares for passengers seated in the same class (such as coach or business class) on the same flight? What will...
-
Let the balance sheet of the bank be described by L + R + T = D + E, where L is the stock of loans, R is the reserves, T is the stock of liquid assets, D is the deposits and E is the equity capital....
-
Which of the following would not be a correct statement about a partial cause of corporate governance failures? a. Boards of directors approved stock option plans that did not align management and...
-
What is the base of authority for each of the audit standard setters identified in question 2-33?
-
Explain the difference between the proposed standard for understanding the en- tity and its environment (including internal control) from the previous standard focusing on internal control.
-
The GAO is responsible for all of the following except: a. Developing standards for audits of federal agencies. b. Developing standards for audits of state agencies. c. Performing special...
-
What are the challenges that exist, when trying to utilize the reputation pattern?
-
Compare and contrast licensing and subcontracting.
-
Which type of fraud is associated with 50% of all auditor lawsuits? a. Kiting b. Fraudulent financial reporting c. Ponzi schemes d. Lapping
-
Referring to question 186, how many units of the follow-on contract must be produced before a profit is realized?
-
Identify the three goals of a project and describe how the project manager achieves them. What does it mean for a project to be overdetermined?
-
Contrast the two types of project life cycles and discuss why it is important to know which type the current project is following.
-
Human Resources Human Resources General Factory Fabricating Assembly 0 0.0698 0.3243 V 0.2432 V 0.4324 0.2791 0.6512 V General Factory 2. Develop a simultaneous equations system of total costs for...
-
Balloons By Sunset (BBS) is considering the purchase of two new hot air balloons so that it can expand its desert sunset tours. Various information about the proposed investment follows: (Future...
-
On June 1, Roadway's Trucking Company paid $8,700 to overhaul the engine on a delivery truck to allow it to be used for two additional years. An additional $300 was paid for oil change and tre...
Study smarter with the SolutionInn App