Income Statement For the Year Ended December 31, 2015 Revenue $375,000 Cost of Goods Sold 86,250 Gross Profit 288,750 Other Expenses Advertising 35,400 Office Expense 22,750 Research 195,000 40,000 Wages and Salaries Total Other Expenses 293,150 Income Before Taxes (4,400) Income Tax 0 Net Income $(4,400) Popeye's Muscle Wash Ltd Income Statement For the Year Ended December 31, 2015 The question will receive zero mark if not workout is shown even if the answer is correct. 1. The project manager who has estimated the time for a project. The project manager determines the slack time for activity Fat 5 units of time, is the project manager correct? If the project manager is wrong, what is the correct siack time? (FP: 5 marks, BP: 5 marks, SL Time: 5 Marks, Final Answer 5). Please note that if a calculation mistake is made then all subsequent steps will receive a score of O. Please do the work carefully Activity Description Immediate Units of Time Predecessors Activity 1 Activity 2 Activity 3 A Activity 4 AB Activity 5 F Activity 6 G Activity 7 DE Activity 8 F.G B D E H 2. A restaurant shows the use of the ton of food in the restaurant per year. Using the following data, determine the forecast for 2020. (Equation: 10 marks, Final Answer 5 marks) Year Food Used (In Tons) 2017 12 2018 2019 14 15 3. At a restaurant, there is a relationship between sales and wastage. For every sale there is some waste created a). Which is the independent variable, which is the dependent variable (2 marks) Based on your answer for 3a on independent and dependent data, use the following data to forecast the waste if the sales for the year is $42 million. (Equation 10 marks, Final answer 5 marks) Waste (Tons) 2.5 5.0 8.0 Sales (millions of S) 12 21 32