Table 32
Time (Days) -Using Table 3

question 59

Multiple Choice

Table 3.2
Time (days)
$$\begin{array} { | c | c | c | c | c | } \hline \text { Activity } & \begin{array} { c } \text { Immediate } \\\text { Predecessor(s) }\end{array} & \begin{array} { c } \text { Most } \\\text { Optimistic }\end{array} & \begin{array} { c } \text { Most } \\\text { Likely }\end{array} & \begin{array} { c } \text { Most } \\\text { Pessimistic }\end{array} \\\hline \text { A } & \cdots & 2 & 4 & 6 \\\text { B } & \cdots & 1 & 4 & 7 \\\text { C } & \text { A } & 2 & 2 & 2 \\\text { D } & \text { B } & 1 & 7 & 10 \\\text { E } & \text { D } & 2 & 4 & 6 \\\text { F } & \text { E } & 1 & 2 & 3 \\\text { G } & \text { C } & 3 & 4 & 17 \\\text { H } & \text { D, G } & 3 & 7 & 11 \\\text { I } & \text { D } & 8 & 9 & 10 \\\text { J } & \text { F,H } & 4 & 5 & 6 \\\text { K } & \text { I } & 1 & 1 & 1 \\\hline\end{array}$$
-Using Table 3.2,if the project is due to be completed in 28 days,what is the probability that the project will be completed on or before the due date? You will need to refer to a standard normal table to answer the question.

• A) less than or equal to 75%
• B) greater than 75% but less than or equal to 85%
• C) greater than 85% but less than or equal to 95%
• D) greater than 95%

Comprehend the impact of changes in credit policy on sales and accounts receivable balance.

Identify the factors considered in setting credit standards for customers.

Grasp the methodology and significance of Days Sales Outstanding (DSO) analysis in monitoring customer payments.

Understand the scope and challenges of working capital management, including current assets and liabilities.

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Definitions:

Witness

An individual who observes an event taking place, especially one who can give a first-hand account of it, often legally.

Will

A legal document by which a person expresses their wishes as to how their property is to be distributed at death, and names one or more persons, the executor, to manage the estate until its final distribution.

Age

A measure of the time an individual or object has existed, often used to denote maturity or the life stage of living beings.

Decedent's Estate

The total property, assets, and debts left by an individual at the time of their death.