Table J.13 Professor Gable and His Graduate Assistant Are Grading Student Term

question 90

Multiple Choice

Table J.13
Professor Gable and his graduate assistant are grading student term papers.The graduate assistant must first make a general evaluation and then Professor Gable makes the final grade evaluation.There are four term papers to evaluate: W,X,Y,and Z.Because the length and content differ,each paper will differ in evaluation time.The times,in hours,are estimated to be:
-Use the information in Table J.13.How much time will it take to grade all four papers? That is,what is the makespan for this project?

• A)fewer than or equal to 22 hours
• B)greater than 22 but fewer than or equal to 23 hours
• C)greater than 23 but fewer than or equal to 24 hours
• D)greater than 24 hours

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Definitions:

Posting Reference

An identifier used in journals and ledgers to link transactions, facilitating tracking and cross-referencing between the two records.

Two-Column Journal

A financial journal that has a simple format with only a debit and a credit column for recording transactions.

Transactions

Transactions involve the exchange of goods, services, or funds between two or more parties, forming the basic activities recorded in accounting.

Interim Financial Statements

Financial reports that cover a period of less than one year, often used to provide a snapshot of a company's financial health to investors and stakeholders on a quarterly or semi-annual basis.