A community public works project will cost $92,000 and will benefit five different individuals. Individual Individual Benefit ($) Individual Cost ($) 1 4,500 6,000 2 18,500 15,000 3 19,000 17,000 4 30,000 24,000 5 29,000 30,000 Is this project economically feasible? Please show work in an Excel spreadsheet that lists the benefit for each individual. Would this project be approved by a majority at a community referendum?
A community public works project will cost $92,000 and will benefit five different individuals. Individual Individual Benefit ($) Individual Cost ($) 1 4,500 6,000 2 18,500 15,000 3 19,000 17,000 4 30,000 24,000 5 29,000 30,000 Is this project economically feasible? Please show work in an Excel spreadsheet that lists the benefit for each individual. Would this project be approved by a majority at a community referendum?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A community public works project will cost $92,000 and will benefit five different individuals.
| Individual | Individual Benefit ($) | Individual Cost ($) |
|---|---|---|
| 1 | 4,500 | 6,000 |
| 2 | 18,500 | 15,000 |
| 3 | 19,000 | 17,000 |
| 4 | 30,000 | 24,000 |
| 5 | 29,000 | 30,000 |
Is this project economically feasible? Please show work in an Excel spreadsheet that lists the benefit for each individual.
Would this project be approved by a majority at a community referendum?
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when i type in the same formula for cell B7 i get a different answer 101,000
why are our answers different?
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