Answer:
Explanation:
 Run A Duration B Duration C Duration 1 51 48 17 2 60 48 19 3 30 39 19 4 31 48 22 5 30 31 14 6 41 16 17 7 44 12 6 8 44 12 10 9 45 43 9 10 60 41 10 Based on the simulated numbers given above, what is the average completion time of the whole project?
Since B is the predecessor of C.
Project completion time for each run will be calculated as Maximum (Duration of A, Duration of B +Duration of C).
Represent 
Run = R
Duration of A  = DA
Duration of B  = DB
Duration of C = DC
Project Completion time = PT
<u>R       DA          DB                        DC               PT</u>
1       51            48                        17             48 + 17 = 65
2      60          48                        19             48 + 19 = 67  
4      31           48                       22              48 + 22 = 70
5      30         31                         14              31 + 14 = 45
6      41           16                       17                 41
7     44            12                       6                 44
8     44            12                      10                44
9     45           43                     9              43 + 9 = 52
10     60          41                     10                60
                                                                 <u> Total = 546</u>
Total Project completion time in 10 Stimulations = 546
Average project Completion time = 546/10 = 54.6
Therefore, average Project completion time is between 53 and 56 days.
 
        
             
        
        
        
Answer and Explanation:
The journal entry to record the factory labor cost is shown below:
Work in progress  ($2,060 + $1,710 + $3,130 + $3,520 + $2,150 + $1,410 + $9,540) $23,520
Factory Overhead $10,980
          To wages payable  $34,500
(to record the factory labor cost)
Here work in process and factory overhead is debited as it increased the assets and expenses and credited the wages payable as it also increased the liabilities  
 
        
             
        
        
        
Answer:
$36,070
Explanation:
Given that,
Contribution margin ratio = 61%
Fixed monthly expenses = $47,500
sales = $137,000
Contribution margin:
= Sales × Contribution margin ratio
= $137,000 × 61%
= $83,570
Net income = Contribution margin - Fixed monthly expenses 
                     = $83,570 - $47,500
                     = $36,070
Therefore, the best estimate of the company's net operating income in a month is $36,070.
 
        
             
        
        
        
Answer:
I would prefer Asset B
Explanation:
A risk averse investor is the one who prefers lower amount of returns with known or specific risks instead of the higher amount of returns with unknown risks. So, from among the various level of risks, the investor will be preferring the alternative with the least interest.
So, in this case,
In Asset A: pay a return of $2,000 and at 20% of time and the $500 at 80% of time.
In Asset B: pay a return of $1,000 and at 50% of time and the $600 at 50% of time.
So, I would prefer, Asset B as it has low return but have a known risk that is of 50 -50.