Use the Information in the Table Regarding This Seven-Month Project

question 50

Essay

Use the information in the table regarding this seven-month project to create two plots.The first plot should be the S-curve for Earned Value.Indicate on this plot whether the project is ahead or behind schedule and by how much.The second plot should be the Earned Schedule and the Estimate at Completion for Time.Comment on the symmetry of this graph and whether you would expect a similar plot from any other project to exhibit similar characteristics. $\begin{array}{|l|l|l|l|l|l|l|l} & \text { Month } 1 & \text { Month } 2 & \text { Month } 3 & \text { Month 4 } & \text { Month } 5 & \text { Month } 6 & \text { Month } 7 \\\hline \text { PV (\$) } & \$ 125 & \$ 275 & \$ 500 & \$ 875 & \$ 1,485 & \$ 2,325 & \$ 2,670 \\\hline \mathbb{E V}(\$) & \$ 140 & \$ 280 & \$ 480 & \$ 800 & \$ 1,280 & \$ 1,975 & \$ 2,950 \\\hline\end{array}$

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Definitions:

Accounts Receivable Balances

Amounts of money owed to a company by customers for goods or services provided on credit.

QuickBooks Data File

Files created by QuickBooks software to store various types of business and financial information, crucial for generating reports, managing invoices, and other accounting tasks.

Uncategorized Expenses

Uncategorized expenses are expenses that have not been assigned to a specific expense category in the accounting records.

Opening Balance Equity

An account used in accounting software to offset the difference between total assets and total liabilities when setting up a new company file.