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Homework #3 - Project Cost Management Schedule Trim problem You have a request f

ID: 360728 • Letter: H

Question

Homework #3 - Project Cost Management Schedule Trim problem

You have a request for a change in a project schedule to complete the project three days early. So, you must reduce the time and finish three days earlier than originally scheduled. You want to reduce the time at minimal additional costs.

The attached spreadsheet provides data about the project. Use it to determine your answer. Tasks are to be trimmed by whole days.

1. Create the network diagram. (You should use MS Project.)

2. Trim the project three days with minimal additional cost. Answer these questions and/or show the below listed items. (Enter the answers in the spreadsheet, complete the MS Project entries, and submit via via the Submit Assignment link on the right to be graded.)

1. What tasks have you trimmed and how many days were trimmed from each task? Enter the answers in the spreadsheet.

2. List the resulting critical path(s) resulting from your solution showing the tasks trimmed. What is the cost to reduce the project by three days?

Task Successor Tasks Duration (days) Minimum Duration Cost to Trim the Task per Day ($000) Number of Days Trimmed from the Task Cost of Trimming A B,E 4 3 1 B G 2 2 0.5 C D 5 4 0.5 D J 5 3 1 E F 4 3 1 F H 3 3 0.75 G R 5 4 2 H M 4 4 1 J K 4 4 1 K L 4 3 0.75 L N 4 3 1 M P 3 3 2 N NONE 4 3 2 P S 3 2 1 R N 5 4 0.75 S N 3 2 2 Totals: $0 Trim 3 days from the project duration. What is the additional cost? Note, you cannot trim below the minimum duration!

Explanation / Answer

Ms. Susan Smart,

USA.

Subject: Tax Return for Year 2015.

Dear Madam,

Based on the information provided by you we have made necessary calculations and are hereby attaching you the tax return calculation on your Income for the year 2015.

You have mentioned that you have sold the seld occupied property on July 1, 2015 at $1,100,000. This income is excluded from your income as you owned your home and lived in it for at least 2 years out of the 5-year period leading up to the sale.But in this case you cannot claim the deduction for depreciaition as that was a self occupied preperty for 2015.

The normal calulation tax based on your income is as follows:

It looks like you will owe additional tax in the amount of $8719 based on the data you have submitted.

Also we advise you to filke Form 1040 relating to the income arising from sale o

Filing Status: Single Dependents: 1 Exemptions: 2 Exemption Value: 8000 Income: 70000 Adjustments to Income: 0 Adjusted Gross Income(AGI): 70000 Standard Deduction: 6300 Itemized Deduction: 0 Taxable Income: 55700 Tax: 9719 Credits: 1000 Other Taxes: 0 Payments: 0 Your Tax Bracket: 25% Your Effective Tax Rate: 17%
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