In: Accounting
Should Dr. E include this effort in determining the overall hours
that form the denominator (Total Effort) of her Actual Effort
calculation?
Given, Dr.E serves as a journal editor, for which she receives no compensation from the journals and spends on average 8 hours per week. No institutional funds are used to support the journal activities. Journla related expenses are also not reimbursed, although her administrative assistant is compensated by funds.
How should Dr. E characterize the time she spends with the journal?
Dr.E does not get any compensation from the journal. Dr.E have to consider the time spent with the journal as Outside Consulting.
Should Dr. E include this effort in determining the overall hours that form the denominator (Total Effort) of her Actual Effort calculation?
Actually the total effort must be always 100% and the compensation has to be made to the actual efforts to the total efforts. Here, Dr.E is not received any compensation for her efforts. So, Dr.E should not include this effort in determing the overall hours that form the denominator (Total effort) of her Actual effort calculation