If the Most Optimistic and Pessimistic Times for a Task

question 83

Multiple Choice

If the most optimistic and pessimistic times for a task are 6 and 21 days respectively,then the variance for the duration of the activity is ______.

• A)5.25
• B)6.25
• C)7.25
• D)8.25

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Definitions:

Allowance for Doubtful Accounts

A balance sheet account representing the estimated percentage of accounts receivable that may not be collected.

Net Credit Sales

The total value of credit sales minus returns and allowances over a specific period, indicating the true revenue generated from credit transactions.

Accounts Receivable

The sum customers owe a company in exchange for products or services that have been delivered or utilized, pending settlement.

Interest Calculation

The process of determining the amount of interest owed or earned over a specified time period, based on the principal amount and the rate of interest.