The Following Information Is the Basis for the Next Three

question 2

Multiple Choice

The following information is the basis for the next three questions.
Jim and Carol Spalding have a crack in their waterline and need to replace it. This will require digging up the water line, replacing it, filling the hole, leveling the soil, and re-seeding the grass. The Spalding's plumber suggests that, since they have the well dug up, they should replace the foot valve in the well also. Below are the plumber's estimates of the time in hours) necessary to perform each of the activities required.
$$\begin{array} { | c | l | c | c | c | c | } \hline \text { Activity } & \text { Description } & \text { Predeces sor } & \text { Optimistic } & \text { Most Lik ely } & \text { Pessim istic } \\\hline \text { A } & \text { Digging } & - & 2 & 3 & 4 \\\hline \text { B } & \text { Replace line } & \text { A } & 1 & 1.5 & 2 \\\hline \text { C } & \text { Replace foot valve } & \text { B } & .5 & 1 & 1.5 \\\hline \text { D } & \text { Fill hole } & \text { C } & 1.5 & 2 & 5.5 \\\hline \text { E } & \text { Level soil } & \text { D } & .5 & 1 & 1.5 \\\hline \text { F } & \text { Reseed lawn } & \text { E } & .4 & .5 & .6 \\\hline \end{array}$$

-The plumber has scheduled another small job at 6:00 p.m. If it takes 1/2 hour to drive from the Spalding's to the other job, what is the probability the plumber will be able to make the 6:00 p.m. appointment on time?

• A) 63%
• B) 75%
• C) 89%
• D) 95%
• E) 99%

Analyze changes in current assets and current liabilities to adjust net income for non-cash transactions and changes in operating capital.

Understand the components and preparation of the statement of cash flows.

Identify and calculate cash flows from operating activities using both the direct and indirect methods.

Analyze changes in non-current assets, liabilities, and equity accounts to determine cash flows from investing and financing activities.

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Definitions:

Fraudulently

Fraudulently means acting in a way intended to deceive or cheat, typically for personal or financial gain.

Target Corporation

An American retail corporation that operates large-format stores selling a wide variety of goods including household essentials, electronics, and apparel.

Control

The power to influence or direct people's behavior or the course of events.

Voluntary Dissolution

The intentional termination of a corporation or partnership through the decision of its owners or members, without external pressure.