Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have a project to build a new block wall. The block wall is four sided with all sides being equal. Each side is to

You have a project to build a new block wall. The block wall is four sided with all sides being equal. Each side is to take one day to build and is budgeted for $10,000 per side. The sides are planned to be completed one after the other. Regarding project financial management, specifically revenues and cash flows: You will be paid for each side as that side is completed and accepted. In this case, assume that the sides have a finish-to-finish relationship instead of a finish-to-start relationship so more than one side can be worked on at the same time (in parallel).

Activity

Day 1

Day 2

Day 3

Day 4

Status End of Day 3

Side 1

S------------F

Completed, spent $10,000

Side 2

S----F-----PF

Completed, spent $9,000, plus 50% of Day 3 work, spent $10,000

Side 3

S---

PS---------PF

75% of Day 4 work, spent $3,000

Side 4

S----

PS---------PF

Key:

S = Start, F = Actual Finish, PS = Planned Start and PF = Planned Finish

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing

Authors: Alan Millichamp, John Taylor

10th Edition

1408044080, 978-1408044087

More Books

Students also viewed these Accounting questions

Question

4. When is it appropriate to show grace toward others?

Answered: 1 week ago