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DES OF ACTIVITY IMMEDIATE PREDECESSORS a 4 5 Draft of legal documents 2 3 4 Preparation of financial statements 3 5 Draft of history 4 8. 9. Draft demand portion of feasibility study 5 4 4 Review and approval of legal documents 1 6. 4 Review and approval of history 3 4. 5 6. Review of feasibility study 4 8 2 4 Draft final financial portion of feasibility study 7 9. 3 4 4 Draft facts relevant to the bond transaction 5 10 1 2 Review and approval of financial statements 11 18 20 26 Receive firm price of project 12 2 Review and completion of financial portion of feasibility study 8 13 1 1 Completion of draft statement 6, 9, 10, 11, 12 14 .10 .14 .16 All material sent to bond rating services 13

DES OF ACTIVITY IMMEDIATE PREDECESSORS a 4 5 Draft of legal documents 2 3 4 Preparation of financial statements 3 5 Draft of history 4 8. 9. Draft demand portion of feasibility study 5 4 4 Review and approval of legal documents 1 6. 4 Review and approval of history 3 4. 5 6. Review of feasibility study 4 8 2 4 Draft final financial portion of feasibility study 7 9. 3 4 4 Draft facts relevant to the bond transaction 5 10 1 2 Review and approval of financial statements 11 18 20 26 Receive firm price of project 12 2 Review and completion of financial portion of feasibility study 8 13 1 1 Completion of draft statement 6, 9, 10, 11, 12 14 .10 .14 .16 All material sent to bond rating services 13

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Bender Construction Co. is involved in constructing municipal buildings and other structures that are used primarily by city and state municipalities. This requires developing legal documents, drafting feasibility studies, obtaining bond ratings, and so forth. Recently, Bender was given a request to submit a proposal for the construction of a municipal building. The first step is to develop legal documents and to perform all steps necessary before the construction contract is signed. This requires more than 20 separate activities that must be completed. These activities, their immediate predecessors, and time requirements are given in the following table:

7:37 pucsr.school/mod/as 2 HW-Ch05 The Bender Construction Co. is involved in constructing municipal buildings and other structures that are used primarily by city and state municipalities. This requires developing legal documents, drafting feasibility studies, obtaining bond ratings, and so forth. Recently, Bender was given a request to submit a proposal for the construction of a municipal building. The first step is to develop legal documents and to perform all steps necessary before the construction contract is signed. This requires more than 20 separate activities that must be completed. These activities, their immediate predecessors, and time requirements are given in the following table: TIME REQUIRED (WEEKS) АCTIVITY a DESCRIPTION OF ACTIVITY IMMEDIATE PREDECI 1 1 4 5 Draft of legal documents 3 4 Preparation of financial statements 3 3 5 Draft of history 4 7 8 9 Draft demand portion of feasibility study 5 4 4 Review and approval of legal documents 1 6. 1 4 Review and approval of history 3 7 5 6. Review of feasibility study 4 2 4 Draft final financial portion of feasibility study 7 3 4 Draft facts relevant to the bond transaction 5 10 1 1 Review and approval of financial statements 11 18 20 26 Receive firm price of project 12 3 Review and completion of financial portion of feasibility study 8 13 1 1 Completion of draft statement 6, 9, 10, 11, 12 14 .10 .14 .16 All material sent to bond rating services 13 Statement printed and distributed to all interested parties 15 .2 .3 .4 14 16 1 1 2 Presentation to bond rating services 14 17 1 2 3 Bond rating received 16 18 5 7 Marketing of bonds 15, 17 19 .1 .1 .2 Purchase contract executed 18 20 .1 .14 .16 Final statement authorized and completed 19 21 3 6. Purchase contract 19 22 .1 .1 .2 Bond proceeds available 20 23 .2 .2 Sign construction contract 21, 22
Transcribed Image Text:7:37 pucsr.school/mod/as 2 HW-Ch05 The Bender Construction Co. is involved in constructing municipal buildings and other structures that are used primarily by city and state municipalities. This requires developing legal documents, drafting feasibility studies, obtaining bond ratings, and so forth. Recently, Bender was given a request to submit a proposal for the construction of a municipal building. The first step is to develop legal documents and to perform all steps necessary before the construction contract is signed. This requires more than 20 separate activities that must be completed. These activities, their immediate predecessors, and time requirements are given in the following table: TIME REQUIRED (WEEKS) АCTIVITY a DESCRIPTION OF ACTIVITY IMMEDIATE PREDECI 1 1 4 5 Draft of legal documents 3 4 Preparation of financial statements 3 3 5 Draft of history 4 7 8 9 Draft demand portion of feasibility study 5 4 4 Review and approval of legal documents 1 6. 1 4 Review and approval of history 3 7 5 6. Review of feasibility study 4 2 4 Draft final financial portion of feasibility study 7 3 4 Draft facts relevant to the bond transaction 5 10 1 1 Review and approval of financial statements 11 18 20 26 Receive firm price of project 12 3 Review and completion of financial portion of feasibility study 8 13 1 1 Completion of draft statement 6, 9, 10, 11, 12 14 .10 .14 .16 All material sent to bond rating services 13 Statement printed and distributed to all interested parties 15 .2 .3 .4 14 16 1 1 2 Presentation to bond rating services 14 17 1 2 3 Bond rating received 16 18 5 7 Marketing of bonds 15, 17 19 .1 .1 .2 Purchase contract executed 18 20 .1 .14 .16 Final statement authorized and completed 19 21 3 6. Purchase contract 19 22 .1 .1 .2 Bond proceeds available 20 23 .2 .2 Sign construction contract 21, 22
7:37 6 TIME REQUIRED (WEEKS) АCTIVITY a m b DESCRIPTION OF ACTIVITY IMMEDIATE PREDECESSORS 1 1 4 Draft of legal documents 2 3 Preparation of financial statements 3 5 Draft of history 7 8 Draft demand portion of feasibility study 5 4 5 Review and approval of legal documents 1 6. 1 4 Review and approval of history 3 7 4 5 6. Review feasibility study 4 8 1 4 Draft final financial portion of feasibility study 7 3 4 Draft facts relevant to the bond transaction 5 10 1 1 Review and approval of financial statements 11 18 20 26 Receive firm price of project 12 1 3 Review and completion of financial portion of feasibility study 8 13 1 1 Completion of draft statement 6, 9, 10, 11, 12 14 .10 .14 .16 All material sent to bond rating services 13 Statement printed and distributed to all interested parties 15 .2 .3 .4 14 16 1 Presentation to bond rating services 14 17 1 Bond rating received 16 18 3 5 7 Marketing of bonds 15, 17 19 .1 .1 .2 Purchase contract executed 18 20 .1 .14 .16 Final statement authorized and completed 19 21 3 6 Purchase contract 19 22 .1 .1 .2 Bond proceeds available 20 23 .2 .2 Sign construction contract 21, 22 Requirements: As you can see, optimistic (a), most likely (m), and pessimistic (b) time estimates have been given for all the activities described in the table. 1. Determine the total project completion time for this preliminary step 2. The critical path 3. Slack time for all activities involved (Pls. Don't forget to show supporting calculation) Good luck! LO HW-05.pdf 20 December 2021, 4:42 PM
Transcribed Image Text:7:37 6 TIME REQUIRED (WEEKS) АCTIVITY a m b DESCRIPTION OF ACTIVITY IMMEDIATE PREDECESSORS 1 1 4 Draft of legal documents 2 3 Preparation of financial statements 3 5 Draft of history 7 8 Draft demand portion of feasibility study 5 4 5 Review and approval of legal documents 1 6. 1 4 Review and approval of history 3 7 4 5 6. Review feasibility study 4 8 1 4 Draft final financial portion of feasibility study 7 3 4 Draft facts relevant to the bond transaction 5 10 1 1 Review and approval of financial statements 11 18 20 26 Receive firm price of project 12 1 3 Review and completion of financial portion of feasibility study 8 13 1 1 Completion of draft statement 6, 9, 10, 11, 12 14 .10 .14 .16 All material sent to bond rating services 13 Statement printed and distributed to all interested parties 15 .2 .3 .4 14 16 1 Presentation to bond rating services 14 17 1 Bond rating received 16 18 3 5 7 Marketing of bonds 15, 17 19 .1 .1 .2 Purchase contract executed 18 20 .1 .14 .16 Final statement authorized and completed 19 21 3 6 Purchase contract 19 22 .1 .1 .2 Bond proceeds available 20 23 .2 .2 Sign construction contract 21, 22 Requirements: As you can see, optimistic (a), most likely (m), and pessimistic (b) time estimates have been given for all the activities described in the table. 1. Determine the total project completion time for this preliminary step 2. The critical path 3. Slack time for all activities involved (Pls. Don't forget to show supporting calculation) Good luck! LO HW-05.pdf 20 December 2021, 4:42 PM
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