Mike Reynolds has four assignments due in class tomorrow, and his class times are as follows:ClassTimeMarketing 3049 a.m.OM 38512 p.m.Finance 2162 p.m.Psychology 2005:30 p.m. Each class lasts one hour, and Mike has no other classes. It is now midnight, and Mike estimates that the finance, OM, marketing, and psychology assignments will take him two, three, five, and four hours, respectively. Assume that all time till the last class begins can be spent on completing assignments but each assignment should be done till the time of the class on the same subject. (Mike can prepare assignments for the next classes during previous classes.)Use the Excel to determine how he should schedule the work. Use minus sign to enter negative lateness values, if any. Enter the half an hour value as 0.5, e.g., 3:30 p.m. should be entered as 15.5. If your answer is zero, enter "0". Round your answers for the due date, lateness, and tardiness to one decimal place. Round your answers for the average values to two decimal places. SPT sequence:Sequence-Select--Select--Select--Select-++♦+Processing TimeDue DateAverageFlow TimeHow should he schedule the work?To meet all assignment deadlines, Mike should use -Select- +LatenessTardiness Mike Reynolds has four assignments due in class tomorrow, and his class times are as follows:TimeClassMarketing 304OM 3859 a.m.Finance 21612 p.m.2 p.m.5:30 p.m.Psychology 200Each class lasts one hour, and Mike has no other classes. It is now midnight, and Mike estimates that the finance, OM, marketing, and psychologyassignments will take him two, three, five, and four hours, respectively. Assume that all time till the last class begins can be spent on completingassignments but each assignment should be done till the time of the class on the same subject. (Mike can prepare assignments for the next classesduring previous classes.)Use the Excel Sequencing template to determine how he should schedule the work. Use minus sign to enter negative lateness values, if any. Enter thehalf an hour value as 0.5, e.g., 3:30 p.m. should be entered as 15.5. If your answer is zero, enter "0". Round your answers for the due date, lateness,and tardiness to one decimal place. Round your answers for the average values to two decimal places.EDD sequence:Sequence-Select--Select--Select--Select-◆+++Processing TimeDue DateAverageFlow TimeLatenessTardiness

Given data: Job Processing time (hrs.) Due date (hrs.) 1 Marketing - 304 5 9 AM 2 OM - 385…

Answered: Mike Reynolds has four assignments due…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Mike Reynolds has four assignments due in class tomorrow, and his class times are as follows:

Class	Time
Marketing 304	9 a.m.
OM 385	12 p.m.
Finance 216	2 p.m.
Psychology 200	5:30 p.m.

Each class lasts one hour, and Mike has no other classes. It is now midnight, and Mike estimates that the finance, OM, marketing, and psychology assignments will take him two, three, five, and four hours, respectively. Assume that all time till the last class begins can be spent on completing assignments but each assignment should be done till the time of the class on the same subject. (Mike can prepare assignments for the next classes during previous classes.)

Use the Excel to determine how he should schedule the work. Use minus sign to enter negative lateness values, if any. Enter the half an hour value as 0.5, e.g., 3:30 p.m. should be entered as 15.5. If your answer is zero, enter "0". Round your answers for the due date, lateness, and tardiness to one decimal place. Round your answers for the average values to two decimal places.