Assume that Whee, Cheatham, and Howe is an auditing firm that has found that its summer interns are subject to a 90 percent learning curve for one of its important tasks, proofreading financial statements For one of its interns, Kim Down, the firm has started to analyze the relation between time and financial statement proofreading Financial Statements Proofread ( X ) Time Required to Proofread the Xth Financial Statement 1 9 0000 hours 2 8 1000 hours 4 8 16 Required (a) Complete the time required to proofread 4, 8, and 16 financial statements (Round your answers to 4 decimal places ) uetr ederswAnis, ontiipcres dab t , 2 6, 0 7 6, llnu 51 l,ul n6 2, 32 e,lsfa 42 1, 0 5, 1 24 1, 1 3, 05 0, 4, seal f8 4, 37 ,7 47 77 3, 64 3 3 2, uetr 45 ,e1tlTiw 20Ne e am n ,e lsfa 47 1, 54 , 3 3, 81 2 c ,88 1 c ,66 2 c0 19 ,5 2 2 ,25 1 , 5 2 0 9 5, ONTIESQU 6 7 55 , 9 7, s urho 5 7 30 2 0 2 , x 3B1p27 20ftle 3B 20px 202p to 3B 20px23 20htighe 3B 20px86 20thid w 8, e nspoes 20rermbNulety s 7, htig r 68 e,ru t3 4, N IOUTOL S 76 5 5, 23 5, 41 2, uetr 63 5 5, C RIMENU 3 7 29 , 9 7, r4 t 5 7 56 , 79 , 5 7 30 2 0 2 , ) 3B11 2023,16, 2037(1gb 20rr locod unrokgac b 8, 1)21, 2063 2017,13b(rg 9 ,ONTIESQU 6 7 55 , 9 7, t enematstl 20iancnafih 204tr 20fod 20reuieq 20rmeTi 5 7 30 2 0 2 13 e,lsfa 41 ,n owpDro d 27 1, 5 2, 75 e,lsfa 82 8 2, 22 e,lsfa 35 e,ru t6 3, 55 ,leab 20TedtltiUn 9 6, 37 1, 18 5 5 6 uetr ederswAnis, ontiipcres dab t , 2 6, 0 7 6, llnu 51 l,ul n6 2, 32 e,lsfa 42 1, 0 5, 1 24 1, 1 3, 05 0, 4, seal f8 4, 37 ,4 50 77 1, 64 3 3 2, uetr 45 ,e1tlTiw 20Ne e am n ,e lsfa 47 1, 54 , 3 3, 00 1 c2, 1 8 c1, 1 28 0 c 9 1, 23 0 59 , N IOSTUE Q 76 5 5, 79 ,rsou h 75 0 3 2 20 , e nspoes 20rermbNulety s 7, e ru t3 4, N IOUTOL S 76 5 5, 23 5, 41 2, uetr 63 5 5, C RIMENU 3 7 29 , 9 7, r8 t 5 7 56 , 79 , 5 7 30 2 0 2 , ) 3B11 2023,16, 2037(1gb 20rr locod unrokgac b 8, 1)21, 2063 2017,13b(rg 9 ,ONTIESQU 6 7 55 , 9 7, t enematstl 20iancnafih 208tr 20fod 20reuieq 20rmeTi 5 7 30 2 0 2 13 e,lsfa 41 ,n owpDro d 27 1, 5 2, 75 e,lsfa 82 8 2, 22 e,lsfa 35 e,ru t6 3, 55 ,leab 20TedtltiUn 9 6, 37 1, 18 5 5 6 e ru td rewenssA i , n ioptriscdeb ta, 62 , 0 67 l,ul n1 5, llnu 26 , 2 3, seal f2 4, 1 50 1, 4 2, 1 31 0, 5, 04 e,lsfa 48 , 7 3, 01 57 7, 61 34 23 e,ru t5 4, 1 leit 20Tew N mena, seal f7 4, 14 5, 33 ,0 10 2 c ,00 1 c1, 9 25 0 c 9 1, 23 0 59 , N IOSTUE Q 76 5 5, 79 ,rsou h 75 0 3 2 20 , e nspoes 20rermbNulety s 7, e ru t3 4, N IOUTOL S 76 5 5, 23 5, 41 2, uetr 63 5 5, C RIMENU 3 7 29 , 9 7, 16tr 75 6 5, 9 7, 75 0 3 2 20 , 3B 1)21, 2063 2017,13b(rg 20orol cndougrckba 8 ,) 11 2023,16, 2037(1gb r 9, N IOSTUE Q 76 5 5, 79 ,ntmeteta 20salcianin 20fth16r 20fod 20reuieq 20rmeTi 5 7 30 2 0 2 13 e,lsfa 41 ,n owpDro d 27 1, 5 2, 75 e,lsfa 82 8 2, 22 e,lsfa 35 e,ru t6 3, 55 ,leab 20TedtltiUn 9 6, 37 1, 18 5 5 6 (b) Assume that Kim's labor time costs $11 per hour Compare the cost of proofreading the first financial statement to the cost of proofreading the 16th financial statement What is the percentage of the cost of proofreading the 16th financial statement to the cost of proofreading the first financial statement (Do not round your intermediate calculations Enter your answer as a percentage rounded to 2 decimal places (i e , 32 21)) e ru td rewenssA i , n ioptriscdeb ta, 62 , 0 67 l,ul n1 5, llnu 26 , 2 3, seal f2 4, 1 50 1, 4 2, 1 31 0, 5, 04 e,lsfa 48 , 7 3, 89 57 7, 73 34 23 e,ru t5 4, 1 leit 20Tew N mena, seal f7 4, 14 5, 33 ,4 2 c2, 0 10 1 c ,23 4 c0 19 ,5 3 0 9 5, ONTIESQU 6 7 55 , 9 7, 25 5 7 30 2 0 2 , x 3B8p42 20ftle 3B 20px 202p to 3B 20px31 20htighe 3B 20px98 20thid w 8, e nspoes 20rceaneroleTagntceer 20permbNulety s 7, e agntceer p 70 3,0 71 ,t ghri 8 6, uetr 43 ,ONTILUSO 6 7 55 ,2 53 2, 21 e,ru t3 6 55 ,ICERUM N 73 9 2, 79 ,r pe 75 6 5, 9 7, 75 0 3 2 20 , 3B 1)21, 2063 2017,13b(rg 20orol cndougrckba 8 ,) 11 2023,16, 2037(1gb r 9, N IOSTUE Q 76 5 5, 79 ,ntmeteta 20salcianin 20fstir 20fngdieafrooprf 20 20ostcoo 20 20tntmeteta 20salcianin 20fth16r 20fot 20os 20cngdieafrooprf 20 20ogetaenrcPe 5 7 30 2 0 2 13 e,lsfa 41 ,n owpDro d 27 1, 5 2, 75 e,lsfa 82 8 2, 22 e,lsfa 35 e,ru t6 3, 55 ,leab 20TedtltiUn 9 6, 37 1, 18 5 5 6

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Assume that Whee, Cheatham, and Howe is an auditing firm that has found that its summer interns are subject to a 90 percent learning curve

Assume that Whee, Cheatham, and Howe is an auditing firm that has found that its summer interns are subject to a 90 percent learning curve for one of its important tasks, proofreading financial statements. For one of its interns, Kim Down, the firm has started to analyze the relation between time and financial statement proofreading.

Financial Statements Proofread (X)	Time Required to Proofread the Xth Financial Statement
1	9.0000 hours
2	8.1000 hours
4	?
8	?
16	?

Required:

(a)	Complete the time required to proofread 4, 8, and 16 financial statements. (Round your answers to 4 decimal places.)

	}uetr":ederswAnis,"""":ontiipcres_dab"t},:{2"_6,"0]:[7"_6,"llnu":51"_l,ul:n6"_2,"{}":32"_e,lsfa":42"_1,:-0"_5,"-1":24"_1,:-1"_3,":05""_0,":_4,"seal:f8"_4,"{}":37"_],7}47":77"_3,:64"_3{":[3"_2,"uetr":45"_",e1tlTiw%20Ne:"e"am"n],e}lsfa":47"_1,":54"_],:[3"_3,""}81:"2""c",88:"1""c",66"2":c0{"":19"_},5""2":"2",25:"1","5""2":"0:{9"_5,"]]}}"}ONTIESQU:"6"_7{"":55"_},"}:"9"_7,"s"urho:"5"_7{"":30"_:{2""_:{0"_2{"},"}x%3B1p27:%20ftle%3B%20px%202p:to%3B%20px23:%20htighe%3B%20px86:%20thid"w":_8,"e"nspoes%20rermbNulety"s":_7,""}htig"r":68"_e,ru:t3"_4,"N"IOUTOL"S":76"_:{5"_5,"}}:23"_5,":41"_2,"uetr":63"_:{5"_5,"C"RIMENU:"3"_7{"":29"_},"}:"9"_7,"~"r4~t:"5"_7{"":56"_},""":79"_",:"5"_7{"":30"_:{2""_:{0"_2{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac"b":_8,""}1)21,%2063%2017,13b(rg:"9""_",ONTIESQU:"6"_7{"":55"_},"}:"9"_7,"t"enematstl%20iancnafih%204tr%20fod%20reuieq%20rmeTi:"5"_7{"":30"_:{2""_:{0"_2{"[[":13"_e,lsfa":41"_},n"owpDro"d":27"_1,:-5"_2,"{}":75"_e,lsfa":82"_:{8"_2,"""":22"_e,lsfa":35"_e,ru:t6"_3,"{}":55"_",leab%20TedtltiUn:"9"_6,":37"_1,":18"_5{":[5"_6{"
	}uetr":ederswAnis,"""":ontiipcres_dab"t},:{2"_6,"0]:[7"_6,"llnu":51"_l,ul:n6"_2,"{}":32"_e,lsfa":42"_1,:-0"_5,"-1":24"_1,:-1"_3,":05""_0,":_4,"seal:f8"_4,"{}":37"_],4}50":77"_1,:64"_3{":[3"_2,"uetr":45"_",e1tlTiw%20Ne:"e"am"n],e}lsfa":47"_1,":54"_],:[3"_3,""}00"1":c2,"1""8":c1,"1"28:"0""c:{9"_1,""}23:"0"{"":59"_],}]}}N"IOSTUE"Q":76"_:{5"_5,"}}""":79"_",rsou"h":75"_:{0"_3{"":_2{"":20"_,{}}e"nspoes%20rermbNulety"s":_7,"e}ru:t3"_4,"N"IOUTOL"S":76"_:{5"_5,"}}:23"_5,":41"_2,"uetr":63"_:{5"_5,"C"RIMENU:"3"_7{"":29"_},"}:"9"_7,"~"r8~t:"5"_7{"":56"_},""":79"_",:"5"_7{"":30"_:{2""_:{0"_2{"},"})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac"b":_8,""}1)21,%2063%2017,13b(rg:"9""_",ONTIESQU:"6"_7{"":55"_},"}:"9"_7,"t"enematstl%20iancnafih%208tr%20fod%20reuieq%20rmeTi:"5"_7{"":30"_:{2""_:{0"_2{"[[":13"_e,lsfa":41"_},n"owpDro"d":27"_1,:-5"_2,"{}":75"_e,lsfa":82"_:{8"_2,"""":22"_e,lsfa":35"_e,ru:t6"_3,"{}":55"_",leab%20TedtltiUn:"9"_6,":37"_1,":18"_5{":[5"_6{"
	e}ru:td"rewenssA"i",:"n"ioptriscdeb_ta,"{}":62"_],[0":67"_l,ul:n1"_5,"llnu":26"_},:{2"_3,"seal:f2"_4,"-1":50"_1,:-4"_2,"-1":31"_0,":_5,":04""_e,lsfa":48"_},:{7"_3,"}]01:57"_7,"61":34"_[{":23"_e,ru:t5"_4,"1"leit%20Tew"N":mena,"}]seal:f7"_4,":14"_5,"[]":33"_},0"10:"2""c",00"1":c1,"9"25:"0""c:{9"_1,""}23:"0"{"":59"_],}]}}N"IOSTUE"Q":76"_:{5"_5,"}}""":79"_",rsou"h":75"_:{0"_3{"":_2{"":20"_,{}}e"nspoes%20rermbNulety"s":_7,"e}ru:t3"_4,"N"IOUTOL"S":76"_:{5"_5,"}}:23"_5,":41"_2,"uetr":63"_:{5"_5,"C"RIMENU:"3"_7{"":29"_},"}:"9"_7,"~"16tr"~":75"_:{6"_5,""}:"9"_7,"""":75"_:{0"_3{"":_2{"":20"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba:"8""_},)"11%2023,16,%2037(1gb"r":_9,"N"IOSTUE"Q":76"_:{5"_5,"}}""":79"_",ntmeteta%20salcianin%20fth16r%20fod%20reuieq%20rmeTi:"5"_7{"":30"_:{2""_:{0"_2{"[[":13"_e,lsfa":41"_},n"owpDro"d":27"_1,:-5"_2,"{}":75"_e,lsfa":82"_:{8"_2,"""":22"_e,lsfa":35"_e,ru:t6"_3,"{}":55"_",leab%20TedtltiUn:"9"_6,":37"_1,":18"_5{":[5"_6{"

(b)	Assume that Kim's labor time costs $11 per hour. Compare the cost of proofreading the first financial statement to the cost of proofreading the 16th financial statement. What is the percentage of the cost of proofreading the 16th financial statement to the cost of proofreading the first financial statement? (Do not round your intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (i.e., 32.21))

	e}ru:td"rewenssA"i",:"n"ioptriscdeb_ta,"{}":62"_],[0":67"_l,ul:n1"_5,"llnu":26"_},:{2"_3,"seal:f2"_4,"-1":50"_1,:-4"_2,"-1":31"_0,":_5,":04""_e,lsfa":48"_},:{7"_3,"}]89:57"_7,"73":34"_[{":23"_e,ru:t5"_4,"1"leit%20Tew"N":mena,"}]seal:f7"_4,":14"_5,"[]":33"_},4""2":c2,"0"10:"1""c",23"4":c0{"":19"_},5""3":"0:{9"_5,"]]}}"}ONTIESQU:"6"_7{"":55"_},"}:"9"_7,"%25":"5"_7{"":30"_:{2""_:{0"_2{"},"}x%3B8p42:%20ftle%3B%20px%202p:to%3B%20px31:%20htighe%3B%20px98:%20thid"w":_8,"e"nspoes%20rceaneroleTagntceer%20permbNulety"s":_7,"e"agntceer"p":70"_3,0.":71"_},t"ghri:"8"_6,"uetr":43"_",ONTILUSO:"6"_7{"":55"_},2}":53"_2,":21"_e,ru:t3"_6{"":55"_",ICERUM"N":73"_:{9"_2,"}}""":79"_",r~pe"~":75"_:{6"_5,""}:"9"_7,"""":75"_:{0"_3{"":_2{"":20"_,{}}%3B"1)21,%2063%2017,13b(rg:%20orol-cndougrckba:"8""_},)"11%2023,16,%2037(1gb"r":_9,"N"IOSTUE"Q":76"_:{5"_5,"}}""":79"_",ntmeteta%20salcianin%20fstir%20fngdieafrooprf%20%20ostcoo%20%20tntmeteta%20salcianin%20fth16r%20fot%20os%20cngdieafrooprf%20%20ogetaenrcPe:"5"_7{"":30"_:{2""_:{0"_2{"[[":13"_e,lsfa":41"_},n"owpDro"d":27"_1,:-5"_2,"{}":75"_e,lsfa":82"_:{8"_2,"""":22"_e,lsfa":35"_e,ru:t6"_3,"{}":55"_",leab%20TedtltiUn:"9"_6,":37"_1,":18"_5{":[5"_6{"