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?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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

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