A Simple Project Listing of Five Activities, Their Predecessors, and Their

question 46

Multiple Choice

A simple project listing of five activities, their predecessors, and their respective time estimates are presented here:
Using CPM, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project) ?

• A)10 days
• B)7 days
• C)8 days
• D)12 days
• E)9 days

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Definitions:

Deposits In Transit

Funds that have been sent to a bank but have not yet been recorded in the bank's records, leading to a discrepancy between the company’s cash records and bank statement.

Outstanding Checks

Checks recorded in the issuer's financial records that haven't been processed or cashed by the banking institution yet.

Bank Statement

A record provided by a bank that summarizes all transactions in an account for a specific period of time, showing all deposits, withdrawals, and current balance.

Debit Memorandum

A debit memorandum is a document issued by a buyer to a seller, indicating a return of goods or a request for a price reduction, essentially serving as a formal request to reduce the amount owed.