The 2017 and 2018 balance sheets for Victor. Inc., showed not accounts receivablo of $12,000 and $14.000, rospectivoly, inventory of $9,500 and $6.000, respectively; and accounts payable of $0.400 and $9,200, rospoctivoly. The company's 2018 income statement showed net sales of $117.000 and cost of goods sold
of $75,000. Assume all sales are on credit. Compute the following ratios for 2018;
1. Accounts receivable tumover
2. Inventory turnover
Answers
The accounts receivable turnover and inventory turnover ratios are computed to assess the efficiency of a company's management of its receivables and inventory. In the case of Victor Inc. in 2018, the accounts receivable turnover ratio and inventory turnover ratio can be calculated using the given information.
Accounts Receivable Turnover Ratio:
The accounts receivable turnover ratio measures how efficiently a company collects payments from its customers. It is calculated by dividing net credit sales by the average accounts receivable balance.
In this case, the net credit sales are $117,000, and the average accounts receivable balance can be calculated by adding the beginning and ending balances and dividing by 2: ($12,000 + $14,000) / 2 = $13,000. Therefore, the accounts receivable turnover ratio for Victor Inc. in 2018 is $117,000 / $13,000 = 9 times.
Inventory Turnover Ratio:
The inventory turnover ratio measures how quickly a company sells its inventory. It is calculated by dividing the cost of goods sold by the average inventory balance.
In this case, the cost of goods sold is $75,000, and the average inventory balance can be calculated similarly to the accounts receivable turnover: ($9,500 + $6,000) / 2 = $7,750. Therefore, the inventory turnover ratio for Victor Inc. in 2018 is $75,000 / $7,750 = 9.68 times.
These ratios indicate that Victor Inc. collected its accounts receivable and sold its inventory approximately 9 times during the year, suggesting efficient management of both receivables and inventory.
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Related Questions
Which of the following are not traits of entrepreneurs?
I
energy
dishonesty
dedication
dependence
Answers
Answer: dishonesty and dependence.
Explanation:
Dishonesty are not traits of entrepreneurs. Entrepreneurs often have a knack for thinking outside the box, generating new ideas, and finding innovative solutions to problems. The answer is OPTION B.
Risk-taking: Entrepreneurs are willing to take calculated risks and step out of their comfort zones to pursue their business ideas.
Passion: Successful entrepreneurs are deeply passionate about their ventures, which fuels their motivation and perseverance.
Vision: Entrepreneurs have a clear vision of their goals and a strong sense of where they want to take their businesses in the long term.
Adaptability: They can quickly adapt to changing circumstances, markets, and trends, allowing them to stay relevant and competitive.
Persistence: Entrepreneurs demonstrate resilience in the face of challenges, setbacks, and failures, and they are committed to overcoming obstacles.
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Jean-jacques rousseau shared many beliefs with other great thinkers of the age of reason and of the enlightenment era. However, on one point he differed from most of them. Which point was that?.
Answers
Jean- Jacques Rousseau disagreed with many of the great thinkers of the Age of Reason and the Enlightenment Era in one important respect: he thought that equality was impossible, even in a perfect world.
Cornerstones of contemporary political and social thought are his Discourse and beliefs on Inequality and The Social Contract. Pre-romanticism and romanticism in fiction both owe their growth to Rousseau's emotional novel Julie, or the New Heloise (1761), which is full of sentiment.
Along with elements of the French Revolution and the advancement of cutting-edge political, economic, and academic ideas, his political theory promoted the spread of the Enlightenment throughout Europe.
Jean-Jacques Rousseau is renowned for reinventing the social contract as an agreement between the individual and a group of people who share a "universal will" that is represented in the rules of an ideal state and is intended to serve the common good.
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Next O Cover Letters and Résumés: Mastery Test
1
Select the correct answer.
Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. In what
section of her résumé should Josita include these programs?
OA honors
OB. activities
OC. skills
OD. experience
Reset
Submit Test
Next
Answers
If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that Josita should include these programs is: C. skills.
What is skills?Skills can be defined as the ability a person or an individual possess when it comes to performing or carrying out tasks. A person can tend to possess inbuilt Skills or acquired skills they known will be of important to them.
Based on the scenario the software programs was the skills that Josita acquired because she learned it, the software program should be included as part of the skills she possess in her resume as this will enables are employer to know the skills she possess.
Therefore If Josita is preparing a résumé for a job teaching graphic design at a high school. She wants to list the software programs she has learned. The section of her résumé that Josita should include these programs is: C. skills.
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.In high-performance cultures:
A) the work climate focuses on not tolerating any mistakes..
B) there is a strong sense of involvement on the part of company personnel and an emphasis on individual initiative and effort.
C) company personnel share a feeling of impending doom if they don't deal with whatever threats are posed by competitors.
D) there is a clear and unyielding expectation that all company personnel will strictly follow company policies and procedures.
E) there is willingness on the part of organization members to accept discipline and subordination.
Answers
B) There is a strong sense of involvement on the part of company personnel and an emphasis on individual initiative and effort.
In high-performance cultures, there is often a strong sense of involvement and engagement among company personnel. There is an emphasis on individual initiative and effort, where employees are encouraged to take ownership of their work and contribute to the success of the organization. This fosters a culture of empowerment, collaboration, and innovation, where employees feel motivated and invested in their work.
Option A, which suggests a focus on not tolerating any mistakes, may not align with high-performance cultures, as they often emphasize learning from mistakes and promoting a growth mindset.
Option C, referring to a feeling of impending doom, does not reflect a positive and empowering culture, which is typically associated with high-performance cultures.
Option D, mentioning strict adherence to policies and procedures, may not capture the flexibility and adaptability that are often valued in high-performance cultures.
Option E, referring to accepting discipline and subordination, does not necessarily align with the autonomy and empowerment that are characteristic of high-performance cultures.
Therefore, option B best represents the characteristics of high-performance cultures.
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the following table contains financial information for abc before closing entries: cash $12,000 supplies 4,500 prepaid rent 2,000 salaries expense 4,500 equipment 65,000 service revenue 30,000 miscellaneous expenses 20,000 dividends 3,000 accounts payable 5,000 common stock 68,000 retained earnings 8,000 what is the amount of abc's total assets? (just type numbers)
Answers
The amount of the total assets of the ABC are $83,500.
What are assets?Assets are resources that are owned or controlled by an individual, company, or organization and have economic value. They can be tangible, such as physical property, equipment, inventory, or cash, or intangible, such as patents, trademarks, copyrights, or goodwill. Assets can be used to generate income or can appreciate in value over time. In accounting, assets are classified into different categories, such as current assets, fixed assets, and intangible assets, depending on their nature and expected use. Current assets are those that are expected to be converted into cash within a year, while fixed assets are long-term assets such as buildings, land, or machinery. Intangible assets are non-physical assets such as intellectual property, and their value is often difficult to quantify. Assets are an important component of an individual or organization's financial health, and effective management of assets can lead to increased profitability and growth.
Total Assets = Cash + Supplies + Prepaid Rent + Equipment
Total Assets = $12,000 + $4,500 + $2,000 + $65,000
Total Assets = $83,500
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1: List three policy making groups of the Federal Reserve?
2: which banks are members of the fed?
3: the fed is owned by?
Answers
Answer:1- the board of governors, the federal reserve bank also know
as ( Reserve bank), And the federal open market committee
2- Approximately 38 percent of the 8,039 commercial banks in the United States are members of the Federal Reserve System.
3- The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank.
Explanation:
idk answer might Be wrong
ds
Ithis list is in
order.
Zahn
Smith
Mason
Fitzpatrick
Billings
alphabetical
O incorrect
O ascending
O descending
Answers
I think
Smokers impose negative externalities on nonsmokers. Suppose the airspace in a restaurant is a resource owned by the
restaurant owner.
a. How would the owner respond to the negative externality caused by smokers?
b. Suppose smokers own the airspace. How would that change matters?
c. If the government gives ownership of the air to nonsmokers, would that change matters? Explain your answer.
d. What does a ban on smoking in the restaurant do?
Answers
b. If the owners were smokers, they would allow others to smoke or smoke themselves since it is their property.
c. Yes it would because everyone has to listen to the government. They can file fines or other consequences to those who smoke under their ownership which will cause a decrease in smoking.
d. This allows pedestrians to not be harmed by the smoke caused by other smokers. This allows them to enjoy their time in the restaurant freely without worrying what’s getting into their lungs.
The higher a drug's potency (i. E. , fewer milligrams needed) the greater the effectiveness true or false
Answers
The higher a drug's potency (i. E. , fewer milligrams needed) the greater the effectiveness This statement is False.
The potency of a drug refers to its strength or concentration, typically measured by the amount of the drug required to produce a certain effect. The effectiveness of a drug, on the other hand, refers to its ability to produce the desired therapeutic outcome or result.
While it is true that a higher potency drug may require a smaller dosage in terms of milligrams, the potency of a drug does not necessarily determine its effectiveness. Effectiveness is determined by various factors, including the drug's pharmacological properties, mechanism of action, target receptors, and the specific condition or ailment being treated.
A drug's effectiveness is not solely dependent on its potency but is influenced by factors such as the individual patient's characteristics, the severity of the condition, and other physiological factors. Therefore, the statement that the higher a drug's potency, the greater the effectiveness is false.
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creating a budget is an important part of which phase of the planning and control process?
a. planning
b. controlling
c. implementing
d. executing
Answers
Creating a budget is an important part of the planning phase of the planning and control process.
During the planning phase, organizations set their goals and objectives and develop strategies to achieve them. A budget is a financial plan that outlines the expected income and expenses for a specific period. It helps in allocating resources, setting targets, and estimating the financial requirements for implementing the planned activities. By creating a budget, organizations can forecast their financial needs, identify potential gaps, and make informed decisions about resource allocation and prioritization.
The budgeting process involves analyzing historical data, projecting future revenues and expenses, and considering various factors that may impact financial outcomes. Once the budget is in place, it serves as a roadmap for financial control and performance evaluation during the subsequent phases of the planning and control process, such as controlling and implementing. However, the initial creation of the budget primarily falls under the planning phase.
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In which career is it most important to exercise and take physical care of yourself?
A) therapist
B) child care provider
C) Interviewer
D) management
Answers
Answer: therapist
Explanation: i just took a test over this <3
Mesut Özil sells ready-to-eat kebabs. Mesut buys kebabs from his
supplier for $c each and has no other costs.
Write down Mesut's marginal cost function.
Answers
Mesut Özil's marginal cost function for selling ready-to-eat kebabs is a constant value equal to the cost per kebab, denoted as $c.
Since Mesut buys kebabs from his supplier for a fixed price per unit and has no other costs, his marginal cost remains unchanged regardless of the quantity of kebabs he sells.
The marginal cost represents the additional cost incurred by producing one more unit of a product. In Mesut Özil's case, his only cost is the purchase price of kebabs from his supplier, which is denoted as $c per kebab. Since he has no other costs, such as labor or overhead expenses, his marginal cost remains constant throughout the production process.
Mesut's marginal cost function can be expressed as MC(q) = c, where MC(q) represents the marginal cost for producing q kebabs and c represents the cost per kebab from the supplier. Regardless of the quantity of kebabs he sells, the cost per kebab remains the same, resulting in a constant marginal cost. This means that Mesut's marginal cost per kebab is always equal to the cost per kebab from his supplier, maintaining a constant value throughout his kebab-selling business.
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in the market for strawberries, individual firms face no barriers to entry, sell a homogeneous product, and have no control over the market price. this market is best described as a
Answers
In the market for strawberries, individual firms face no barriers to entry, sell a homogeneous product, and have no control over the market price. this market is best described as a perfectly competitive market.
What type of market is described here?
The market for strawberries that is described as having no barriers to entry, selling a homogeneous product, and no control over the market price is best described as a perfect competition market. In a perfectly competitive market, there are many small firms that sell identical products, so buyers have no reason to prefer one seller over another. This means that each firm has to accept the market price and cannot influence it through its own actions. In addition, there are no barriers to entry, so new firms can easily enter the market if they want to.
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Which policy covers an organization against losses which might arise as a result of debtors failure to pay their debts
Answers
Answer:
A credit insurance policy covers an organization against losses that might arise as a result of debtors failing to pay their debts. Credit insurance is designed to protect a business against the risk of nonpayment by its customers or clients. It can cover a wide range of risks, including commercial and political risks, and can be customized to meet the specific needs of an organization. Credit insurance can be an important tool for businesses that rely on credit to fund their operations or that have a large number of customer accounts. It can help to mitigate the financial impact of unpaid debts and reduce the risk of financial losses for the business.
A capital projects fund for a new city courthouse recorded a receivable of $300,000 for a state grant and a $450,000 transfer from the general fund. What amount should be reported as revenue by the capital projects fund
Answers
Answer:
$300,000
Explanation:
The grant of $300,000 happens not to have any restrictions mentioned alongside it in the question and as such will be declared or reported as revenue as an unrestricted grant. This is acceptable by the Governmental Accounting Standards Board, GASB.
Cheers
Sort each change or goal into the category where it fits best.
budgeting for a laptop purchase
Changes that will result in income
Changes that will result in expenses
budgeting for higher savings
raising my monthly net pay
Answers
I'm trying to finish setting my account up so sorry I don't know the answer just putting this down so I complete the steps.
Changes that will result in income will inc;ude budgeting for higher savings
Changes that will result in expenses will include budgeting for a laptop purchase and raising my monthly net pay
What is a budget?A budget is an estimate of income and expenses for a given future period of time that is often created and reviewed on a regular basis. Any organization that wishes to waste cash, including corporations and organizations, as well as individuals and households of any economic level, can create a budget.
Changes that will affect income include setting aside more money in your plan for savings. Budgeting for a laptop sale and increasing my monthly net pay are two changes that would incur costs. These changes will tell that there is going to a difference that is going to occur in the budget.
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I will give the right answer brainliest. Choose the option that best matches the description given.
_____ try to influence legislation and help human services organizations to achieve their goals.
1. Legislative aides
2. Lobbyists
3. Lawyers
Answers
Answer:
2. Lobbyists
Explanation:
A lobbyist is any individual or a group of individuals who communicates directly or indirectly with others to influence or attempt to influence the drafting, debate, vote, approval, or introduction of some legislation. In this context, a lobbyist may be a legislator trying to influence fellow legislators or any person who communicates with a legislator to advocate and promote the desires of human services organizations.
Answer:
Lobbyists
Explanation:
Danica is a sales professional who is assigned accounts after first sales are closed. Her job is to remain in contact with the customers, develop their business relationships, and look for new sales opportunities from the needs of those customers. Which type of sales professional is Danica?
Question 2 options:
missionary seller
technical seller
sales farmer
sales hunter
Answers
Danica is a technical seller.
What is a technical seller?
The Technical Sales Representative will act as a liaison between the company deals platoon and guests, furnishing information, service, conservation, and repairs related to bought equipment. As a specialized deals representative, it's important to have interpersonal chops, problem-working chops, product knowledge, the capability to accept rejection, and the capability to work with a deals platoon. Specialized deals directors have some of the loftiest paid specialized deals jobs; according to Payscale, these directors earned a normal of$,000 and a normal of$,150 in 2022, and educated professionals in this part earned a normal of roughly$,000. Specialized salesmen must ask questions in order to determine those requirements. For illustration, a computer salesman might ask what a client intends to do with the computer. However, the salesman knows that he should try to vend an important computer If the client plans to use the computer for videotape editing.
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Ginvold Co. began operating a subsidiary in a foreign country on January 1, 2011 by acquiring all of the common stock for §50,000. This subsidiary immediately borrowed §120,000 on a five-year note with ten percent interest payable annually beginning on January 1, 2012. A building was then purchased for §170,000 on January 1, 2011. This property had a ten-year anticipated life and no salvage value and was to be depreciated using the straight-line method. The building was immediately rented for three years to a group of local doctors for §6,000 per month. By year-end, payments totaling §60,000 had been received. On October 1, §5,000 were paid for a repair made on that date and it was the only transaction of this kind for the year. A cash dividend of §6,000 was transferred back to Ginvold on December 31, 2011. The functional currency for the subsidiary was the stickle. Currency exchange rates were as follows:January 1, 2011 -      §1 = $2.40October 1, 2011 -        §1 = $2.22December 31, 2011 - §1 = $2.28Average for 2011 -    §1 = $2.161. Prepare an income statement for this subsidiary in stickles and then translate these amounts to U.S. dollars.2. Prepare a statement of retained earnings for this subsidiary in stickles and then translate these amounts into U.S. dollars.3. Prepare a balance sheet for this subsidiary in stickles and then translate these amounts into U.S. dollars.4. Prepare a statement of cash flows for this subsidiary in stickles and then translate these amounts into U.S. dollars
Answers
The rental revenue earned on January 1, 2011 is equivalent to $144,000.
First, we need to calculate the rental revenue earned by the subsidiary from the doctors. As per the given information, the building was rented for three years to a group of local doctors for §6,000 per month, and payments totaling §60,000 were received by year-end. Therefore, the rental revenue earned by the subsidiary during the year 2011 is §60,000.
The subsidiary had also purchased a building for §170,000 on January 1, 2011. The building has a ten-year anticipated life and no salvage value and was to be depreciated using the straight-line method. Therefore, the depreciation expense incurred by the subsidiary during the year 2011 is §17,000 (§170,000 / 10).
Apart from the above expenses, the subsidiary had also incurred a repair expense of §5,000 on October 1, 2011. Therefore, the total expenses incurred by the subsidiary during the year 2011 are §34,000 (§12,000 + §17,000 + §5,000).
Now, to determine the net income earned by the subsidiary during the year 2011, we need to deduct the total expenses (§34,000) from the rental revenue earned (§60,000). Therefore, the net income earned by the subsidiary during the year 2011 is §26,000.
To translate the income statement amounts to U.S. dollars, we need to use the exchange rates provided. The exchange rate as of January 1, 2011, was §1 = $2.40. Therefore, the rental revenue earned (§60,000) on January 1, 2011, is equivalent to $144,000 (§60,000 * $2.40).
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Linda purchased a washing machine and dryer set for $1,299 on a deferred payment plan. She needs to pay $80
per month for 6 months and the remaining balance in month 7. How much will Linda pay back in 6 months, and
what will the amount of her final payment be?
HELP PLEASE
Answers
Answer:
In six months, Linda will pay : $480
Final payments :$819
Explanation:
The monthly payments are $80 for six months.
For six months, Linda will have paid $80 times six months
=$80 x 6
=$480
The amount for her final payments will be the total of the two items minus the installment payments
=$1,299 - $480
=$819
And employer has three employees who are each paid a salary of $1250 per month. He wants to give each of the three employees a $125 per month raise and he wants to hire an additional salaried employee. If the salary budget for these employees is $5325 per month, how much can he afford to offer the new employee?
Answers
Answer:
$1200
Explanation:
The three existing employees earn $1250 each. With an increase of $125, each will now earn $1,375.( $1250 + $125)
The new total for the three employees will be = $4,125
The employer has a budget of $5,325. After paying the three employees, the available balance will cater to the new employee.
The available balance will be $5,325 - $4,125
=$1200
'Market management is the key element for a business' Justify this statement with an example.
Answers
Answer:
Explanation:
Marketing Management is the key element for a business because it enables the business to generate revenue, gain new customers, and establish the brand. It ensures that the business is profitable by analyzing and aligning the company's goals.
Depending on the industry and marketing objectives of an organization, marketing management can mean many things. As the name implies, marketing management performs managerial tasks in the field of marketing, including, but not limited to, planning and decision-making before, during, and after the execution of marketing plans.
An example of marketing management is creating an advertising plan and implementing it. Another example is the expansion of business via mergers and acquisitions.
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How do the ultra-rich use charitable giving to make sure they pay less taxes?
Answers
Answer:
the answer would be jersssss
It will be difficult to institute fiscal policy in a stabilizing manner because politicians will find
Answers
It will be difficult to institute fiscal policy in a stabilizing manner because politicians will find budget deficit more attractive during recession.
What is budget deficit?Budget deficit occur when the government spending or expenditure is more than the revenue.
It will be hard to institute fiscal policy based on the fact that politicians will find budget deficit more attractive during recession in which on the other hand they will be unwilling to run budget surplus when their is an expansion.
Therefore they will find budget deficit more attractive during recession.
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A yield can be paid in the form of?
Answers
Answer:
both a and b
Explanation:
Greg works at a local college and organizes activities for college students to do while living in the dorms. What is Greg’s career?
A.Social Service Assistant
B.Residential Advisor
C.Sociologist
D.Health Counselor
Answers
Answer:
B. RA (residential Advisor)
Explanation:
Watch way too much tv lol
Answer:
The answer is B; Residential Advisor
Explanation:
I am taking the test right now, this is the answer I am selecting.
By the monetary unit assumption, how would an accountant view the promotion of good morale in business?
A. as something useful
B. as something important
C. as something useless
D. as something necessary
Answers
By the monetary unit assumption, an accountant would view the promotion of good morale in business as something useless. Thus, option 'C' is the correct option.
What is a monetary unit assumption?According to the monetary unit assumption, the dollar's stability should allow for the addition of dollars from various years without the need for any adjustments. The monetary unit assumption is invalidated when the dollar's value changes significantly over time. The fact that U.S. accountants record a corporation's assets as dollar quantities is another aspect of the monetary unit assumption (rather than reporting details of all of the assets).
An asset cannot be recorded in a general ledger account if it cannot be valued in dollars. A particularly successful company's management staff, for instance, can be its most important resource. The accountant, however, is unable to accurately translate those gifted individuals into US dollars.
Therefore, option 'C' is the correct option.
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By the monetary unit assumption an accountant view the promotion of good morale in business as something useless. Option (c) is correct.
What do you mean by Promotion?The term "promotion" covers a wide range of activities designed to increase public awareness or advance a product. Promotion in the context of a career means raising a worker's position or rank within a hierarchical structure.
Companies must only include transaction data that can be stated in terms of money in their accounting records because of the monetary unit assumption. The economic entity assumption mandates that each economic entity's operations be maintained distinct from those of its owner(s) and other economic entities.
Therefore, Option (c) is correct. By the monetary unit assumption an accountant view the promotion of good morale in business as something useless.
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Which one of the following statements is false? A. The activities along the critical path determine the completion time of the project. B. If one of the activities on the critical path is delayed, the entire project will be delayed. C. There may be more than one critical path in a project network. D. The critical path is the sequence of activities between a project's start and finish that takes the shortest time to complete.
Answers
Answer:
C.
Explanation:
The critical path is the sequence of activities between a project's start and finish that takes the shortest time to complete.
Question 1
25 pts
Client 1: When I was three years old, I started making candy with my grandrłother.
I am now 10 and I want to sell chocolate candy with a farm theme to my friends and
family. My product ideas include Brown Cows (chocolate cows on a stick), Pigs in
Mud (marshmallow dipped in caramel, nuts and chocolate) and Farm Eggs (jelly
beans dipped in chocolate). The start-up expenses for my business are pretty small: a
few candy molds, candy and chocolate.) My parents have agreed to loan me the
money I will need and to let me work in the family kitchen. Schoolwork has to take
priority over business so if I have more sales than I can handle, I will probably ask
friends or my older brother to help. My brother is also pretty good at math and
computers so he could help me with keeping track of my expenses and advertising. I
really like the product development and packaging part of the business.
Answers
Answer:
This is an absolutely great idea. The only problem is where are you planning to hold your Business? Where are you selling these candies? How will you spread the word? What can you do to make sure people come back and want more of your product?
Explanation: I always wanted to sell candy when I was little but never pulled the trigger on it. For starters I think you should make the names a bit more of a friendly connotation so people don't assume the worst of your product. Your best bet to sell your items and candies would be at school. Now to be honest more kids are carrying money around now than they ever had when I was in elementary-middle school. This is your best bet. Make sure when you are selling your candies to not go in debt with your business, so many people I know tried this and failed because they put way more money then they were making because they thought it would pay off. Yes sometimes take the risk but almost always if your just trying to make a couple bucks, take it easy and sell for a reasonable price. If it costs about $10 to make "Brown Cows" for about 20 people then sell each brown cow for $1.25 per stick. If you have 20 people who are willing to buy you would make 15 dollars profit. Final thing is actually finding people to sell to. Most people go at these type of things alone which I think is a great idea. But if you want to get the word out even more tell a popular kid that you will pay him 5 for every 20 "Brown Cows" he sells. You can really pay him anything you want as long as your not going over your profit margin! Good luck and I would love to know how this goes!
An activity on the project network has a slack time of 2 days. Which of the following is not true?
a. Increasing the activity time by mire than 2 days would increase the project duration.
b. Increasing the activity time by 2 days would decrease its slack time by 2 days.
c. Increasing the activity time by 2 days would increase its slack time by 2 days.
d. Increasing the activity time by 2 days would make this activity critical for the project.
Answers
c. Increasing the activity time by 2 days would increase its slack time by 2 days. This statement is not true, as increasing the activity time would decrease its slack time, not increase it.
Increasing the activity time of a task would decrease its slack time. Slack time is the amount of time that an activity can be delayed without delaying the entire project.
When the activity time increases, the amount of slack time decreases, as there is less time available for other tasks in the project. So, increasing the activity time by 2 days would decrease its slack time by 2 days, not increase it.
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