Grush Consulting Has Five Projects to Consider

question 28

Essay

Grush Consulting has five projects to consider. Each will require time in the next two quarters according to the table below.
Revenue from each project is also shown. Develop a model whose solution would maximize revenue, meet the time budget of 25 in the first quarter and 20 in the second quarter, and not do both projects C and D.

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Definitions:

Journal Entry

A record of financial transactions in the accounting books of a business, indicating the accounts affected and the amounts.

Credits

Refers to the accounting entries that increase liabilities or decrease assets, representing the opposite effect of debits in double-entry bookkeeping.

Liability Accounts

Accounts on a balance sheet that represent obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Stockholders' Equity Accounts

These accounts represent the owners' residual interest in the corporation's assets after deducting liabilities.