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Mr. Jacksor's small consulting firm specializes in providing internal control advice to his clients. All of his staff are certificd internal auditors (CiAs) and want

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Mr. Jacksor's small consulting firm specializes in providing internal control advice to his clients. All of his staff are certificd internal auditors (CiAs) and want to gain wpertise in a variety of industries Jonas, his most senior consultant, always brings a less-seasoned associate with him for efficiency, training and general camaraderie: Jonas first assesses a situation in about B hours and then will brainstorm ideas the client could use to address its internal control risks. The fess-seasongd associate follows Jonss, listens to the halfdaxy assesiment eitual, and then fielps to brainstorm improvements for the client. Jonas's iabor rate is billed at $320 hour, while the associate's billing rate is half that amount. (a) Mr. Jachson believes Jonas deperates on a Boi learning curve for the "idsessment partion of his work, while his associate. operates on a 55 learning cirve. Create a churt outlining the number of hours each of these individuals is likely to send on the next asseisminent of aclient's internal controls. How moch time will Mr. Jackson expect each of them to spend on their fourth such assessment of a dent's internal controls? (flound onowers to 2 decinal places, es 15.25 )

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