Exhibit 15 -Refer to Exhibit 15

question 36

Essay

Exhibit 15.4
The following questions are based on the information below.
A company needs to manage a project which consists of the following set of activities:
$$\begin{array} { c c c } \text { Activity } & \begin{array} { c } \text { Days } \\\text { Required }\end{array} & \begin{array} { c } \text { Predecessar } \\\text { Activties }\end{array} \\\hline \text { A } & 1 & - \\\text { B } & 4 & \text { A } \\\text { C } & 3 & B \\\text { D } & 3 & \mathrm { C } \\\text { E } & 2 & B \\\text { F } & 4 & E \\G & 2 & D . F\end{array}$$
-Refer to Exhibit 15.4. The following spreadsheet was developed to determine the earliest start times and latest start times for the project. What formulas should go into cells H2:H8 to calculate Latest Finish Times?
$\begin{array}{|c|c|c|c|c|c|c|c|c|c|}\hline & \text { A } & \text { B } & \text { C } & \mathrm{D} & \mathrm{E} & \mathrm{F} & \mathrm{G} & \mathrm{H} & \mathrm{I} \\\hline 1 & \text { Activity } & \text { Description } & \text { Predecessor } & \text { Time } & \text { EST } & \text { EFT } & \text { LST } & \text { LFT } & \text { Slack } \\\hline 2 & \text { A } & \text { Activity A } & & 1 & 0 & 1 & 0 & 1 & 0 \\\hline 3 & \text { B } & \text { Activity B } & \text { A } & 4 & 1 & 5 & 1 & 5 & 0 \\\hline 4 & \text { C } & \text { Activity C } & \text { B } & 3 & 5 & 8 & 5 & 8 & 0 \\\hline 5 & \text { D } & \text { Activity D } & \text { C } & 3 & 8 & 11 & 8 & 11 & 0 \\\hline 6 & \text { E } & \text { Activity E } & \text { B } & 2 & 5 & 7 & 5 & 7 & 0 \\\hline 7 & \text { F } & \text { Activity F } & \text { E } & 4 & 7 & 11 & 7 & 11 & 0 \\\hline 8 & \text { G } & \text { Activity G } & \text { D, F } & 2 & 11 & 13 & 11 & 13 & 0 \\\hline\end{array}$

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Definitions:

Buildings And Equipment

Long-term tangible assets owned by a business for use in the production or supply of goods and services, for rental to others, or for administrative purposes.

Entity Method

An accounting approach used in preparing consolidated financial statements where investments are recorded based on the parent company's percentage interest in the net assets of the subsidiary.

Consolidated Statement

A financial statement that presents the assets, liabilities, and operating results of a parent company and its subsidiaries as one entity.

Shareholders' Equity

The portion of a company's assets that belongs to the shareholders after debts and liabilities have been settled.