Question 2 of 10

Assume there must be one-to-one matching between consultants and projects. For the optimal schedule, what is the total number of

katrin2010 [14]

Complete Question:

The president of a consulting firm wants to minimize the total number of hours it will take to complete three projects for a new client. Accordingly, she has estimated the time it should take for each of her top consultants-Charlie, Betty, Johnny, and Rick-to complete any of the three projects, as follows: Project (Hours) Consultant Charlie 16 11 13 Betty 15 14 18 Johnny 22 12 15 Rick 17 12 22 Assume there must be one-to-one matching between consultants and projects. For the optimal schedule, what is the total number of hours it will take these consultants to complete these projects? Options: 46 hours, 61 hours, 53 hours, 54 hours, 50 hours

Answer:

For the optimal schedule, the total number of hours it will take these consultants to complete these projects is:

54 hours

Explanation:

a) Data and Calculations:

Project (Hours)

Consultant A B C D Project assignment

Charlie 13 16 11 13 Charles takes C for 11

Betty 11 15 14 18 Betty takes A for 11

Johnny 15 22 12 15 Johnny takes D for 15

Rick 17 17 12 22 Rick takes B for 17

Minimum hours 11 15 11 13 Total hours taken 54

b) To achieve optimal schedule, Consultant Betty should take project A, spending 11 hours. Consultant Charlie should take project C for 11 hours. Consultant Johnny should take project D for 15 hours, while Rick takes project B for 17 hours. This gives a total of 54 hours spent on the four projects.

8 0

3 years ago

22. At the end of each year for the next 18 years, you receive cash flows of $3700. The initial investment is $25,200 today. Wha

IrinaK [193]

Answer:

29.37%

Explanation:

Rate of return = Average annual income/Average initial investment

Average annual income = $3,700

Average initial investment = (I+s)/2

Average initial investment = (25,200+0)/2

Average initial investment = $12,600

Rate of return = $3,700/$12,600

Rate of return = 0.2936508

Rate of return = 29.37%

6 0

3 years ago

For each transaction:

stira [4]

Answer:

Elegant Lawns

a. Analysis of transactions using the accounting equation:

1. May 15, Assets Cash $7,000 Equipment $3,000 Equity: Common stock $10,000

2. May 21, Assets: Office supplies $500 Liabilities: Accounts Payable $500

3. May 25, Assets: Cash $4,000 Equity: Service Revenue $4,000

4. May 30, Assets: Cash $1,000 Equity: Service Revenue $1,000

b. Journal Entries:

Date Account Titles Debit Credit

1. May 15, Assets: Cash $7,000

Assets: Equipment $3,000

Equity: Common stock $10,000

2.

May 21, Assets: Office supplies $500

Liabilities: Accounts Payable $500

3. May 25, Assets: Cash $4,000

Equity: Service Revenue $4,000

4. May 30, Assets: Cash $1,000

Equity: Service Revenue $1,000

c. T-accounts:

Cash

Date Account Titles Debit Credit

1. May 15 Common stock $7,000

3. May 25, Service revenue 4,000

4. May 30, Service revenue 1,000

Equipment

Date Account Titles Debit Credit

1. May 15 Common stock $3,000

Office Supplies

Date Account Titles Debit Credit

2. May 21, Accounts Payable $500

Common Stock

Date Account Titles Debit Credit

1. May 15 Cash $7,000

1. May 15 Equipment 3,000

Accounts Payable

Date Account Titles Debit Credit

2. May 21, Office supplies $500

Service Revenue

Date Account Titles Debit Credit

3. May 25, Cash $4,000

4. May 30, Cash 1,000

Explanation:

a) Data and Analysis with Accounting Equation:

1. May 15, Assets Cash $7,000 Equipment $3,000 Equity: Common stock $10,000

2. May 21, Assets: Office supplies $500 Liabilities: Accounts Payable $500

3. May 25, Assets: Cash $4,000 Equity: Service Revenue $4,000

4. May 30, Assets: Cash $1,000 Equity: Service Revenue $1,000

8 0

3 years ago

As one of the top managers at DropLabs, Henry ensures that all his employees are given the right to speak freely with their mana

Mice21 [21]

Answer:

The Common Good Ethics Approach.

Explanation:

It is been argued that the best society is been guided by the people's general will.This was postulated by a French philosopher by name Jean Jacques Rousseau who lived in the year 1712 to 1778.

This approach to Ethics empathizes respect and compassion for others,most especially those vulnerable.

The employers ability to voice out their grievances,suggestions and contributions to the daily running of the organisation coupled alongside the mangers compassion and respect for all individuals confirms to my first statement which says 'The best society is been guided by the people's will ' and that supports the common good Approach.

4 0

3 years ago

Read 2 more answers

An oil and gas producing company owns 42,000 acres of land in a southeastern state. It operates 630 wells which produce 18,000 b

valkas [14]

Answer:

The bid amount should be $13,200,264.

Explanation:

An oil and gas producing company owns 42,000 acres of land in a southeastern state.

It operates 630 wells which produce 18,000 barrels of oil per year and 1.7 million cubic feet of natural gas per year.

The revenue from the oil is $1,800,000 per year and for natural gas the annual revenue is $581,000 per year.

Total Annual Revenue