Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Crichton Publications uses the accounting rate of return method to evaluate proposed capital investments. The company's desiredrate of return is 17.0%. The project being evaluated involves a new product that will have a three-year life. The investment required is$370,000, which consists of a $240,000 machine, and inventories and accounts receivable totaling $130,000. The machine will have auseful life of three years and a salvage value of $167,500. The salvage value will be received during the fourth year, and theinventories and accounts receivable related to the product also will be converted back to cash in the fourth year. Accrual accountingnet income from the product will be $94,000 per year, before depreciation expense, for each of the three years. Because of the timelag between selling the product and collecting the accounts receivable, cash flows from the product will be as follows: Use Table 6-4.Note: Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals.1st year2nd year3rd year4th year$ 49,00079,00094,00067,000Required:a. Calculate the accounting rate of return for the first year of the product. Assume straight-line depreciation. Based on this analysis,would the investment be made?Note: Do not round intermediate calculations. Round your answer to 2 decimal places.b. Calculate the net present value of the product using a discount rate of 17.0% and assuming that cash flows occur at the end of therespective years. Based on this analysis, would the investment be made?Note: Negative amounts should be indicated by a minus sign. Do not round intermediate calculations.c. Which of these two analytical approaches is the more appropriate to use?a. Accounting rate of returna. Based on the analysis, would the investment be made?b. Net present valueb. Based on the analysis, would the investment be made?c. The best technique to use is%

The Accounting Rate of Return (ARR), is a financial metric used in capital budgeting to evaluate the…

Answered: Required: a. Calculate the accounting…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The phrase “except for the possible effects of the matter described…” appears in an audit report. This could be what type of opinion? a. Qualified Adverse Disclaimer Yes Yes No b. Qualified Adverse Disclaimer Yes No No c. Qualified Adverse Disclaimer No No Yes d. Qualified Adverse Disclaimer No Yes No e. Qualified Adverse Disclaimer Yes Yes Yes
Please describe a time when you were faced with a personal dilemma regarding whether to blow the whistle on a wrongdoing. Some examples of a wrongdoing are witnessing cheating on an exam, witnessing someone trying to steal, noticing someone trying to take advantage of another, and completing a project at work without recording time spent in order to meet time constraints. Who were the stakeholders in the situation and how were they impacted by the wrongdoing? How did rationalization encourage the wrongdoer to follow through with their wrongdoing? What did you do and why? Case scenario: for someone working but not clocking in How would this fit under this dilemma? Please explain:
Please describe a time when you were faced with a personal dilemma regarding whether to blow the whistle on a wrongdoing. Some examples of a wrongdoing are witnessing cheating on an exam, witnessing someone trying to steal, noticing someone trying to take advantage of another, and completing a project at work without recording time spent in order to meet time constraints. Who were the stakeholders in the situation and how were they impacted by the wrongdoing? How did rationalization encourage the wrongdoer to follow through with their wrongdoing? What did you do and why?
None
Some accountants argue that the receiving department should be eliminated. Discuss the objective of eliminating the receiving function. What accounting/audit problems need to be resolved.
How specifically do you contribute to or impact the financial health of your organization? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Which of the following statements is false regarding the ethical obligations of professional accountants? Multiple choice question. they must seek to maximize the owners' profits. they must continually upgrade their skills in order to be competent their obligations are outlined in a code of ethics. they must treat sensitive information confidentially Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
what exactly is a cookie jar reserve? Does using a cookie jar reserve follow GAAP? Does using a cookie jar reserve appear to be an ethical practice? Support your opinion. Your post should be more than a single sentence.
Urgent Answer please 2. Explain Audit Commitee by decribing the role and responsibilities. This is full question and not an eassy question at all. Answer must be plagirism free and in reasonable length. Length should not be too short or too long. Give reasonable answer please.
It says they answers are wrong from your example.
Select the best answer for each of the follwing items and give reasons for your choice. a. Which of the following best describes the relationship between assurance services and attest services? (1) While attest services involved financial data, assurance services involve nonfinancial data (2) While attest services require objectivity, assurance services do not require objectivity (3) All attest services require independence. (4) Attest and assurance services are different terms referring to the same types of services

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