You did not receive fult credit for this question in a previous at 2.08 polnts A

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You did not receive fult credit for this question in a previous at 2.08 polnts Assume that Whee, Cheatham, and Howe is an auditing firm that has found that its summer interns are subject to a 70 percent learning curve for one of its important task time and financial statement proofreading financial statements. For one of its interns, Kim Down, the firm has started to analyze the relation between the Xth Financial S 10 0000 hours 70000 hours 16 Required: a. Compute the time required to proofread 4,8, and 16 financial statements (Round your answers to 4 decimal places.) Time required for 4th nancial statement Time required for 8th financial statemet Time required for 16th financial statement hours hours 122 Type here to search

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Solution:-

a.

b.

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Particulars Hours Calculation Time required for 4th financial statement 49,000 70,000 * 0.7 Time required for 8th financial statement 34,300 49,000 * 0.7 Time required for 16th financial statement 24,010 34,300 * 0.7

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