Help me out please asap.Don't use any AI, it's strictly prohibited.Otherwise I will report the solution. The Felix Corporation is considering two projects, T and V. The following information has been gathered on these projects:Initial investment needed (cash outflow)Present value of future net cash inflowsUseful lifeProject T$112,500$168,00010 yearsProject V$75,000$107,00010 yearsBased on this information, which of the following statements is (are) true?I. Project T has the highest ranking according to the project profitability index criterion.II. Project V has the highest net present.Select the best of the following possible answers. Show your work for chance at partial credit.A. Only IB. Only IIC. Both I and IID. Neither I nor II

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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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Match the term to its definition by choosing the appropriate number in the answer field. You will not use all of the terms provided. Question 8 options: A partial set of all available data items in a database that are used by a specific application, query, or report. Fields that link tables with other tables. The ability of employees at higher levels of responsibility and authority to bypass internal controls. A field which is unique to each record in a database table. The total number of transactions in a batch, used as a control total. Procedures that are put in place to remedy errors or irregularities after they have been discovered. Controls designed to enhance the control environment and strengthen the effectiveness of application controls. 1. Corrective controls 2. Preventive controls 3. General controls 4. Application controls 5. Record counts 6.…
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The sales of $2,000 made to Shanaya has been posted to the Sara’s account by mistake. It happened because a customer account number was incorrectly entered into the system. Explain what internal control procedure(s) would provide protection against this threat in future?
1 Only the answer without explain A or B or C or D
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3.
3. Which of the following is not a computer facility control? (a) Place the data processing center where unauthorized individuals cannot gain entry to the facility. (b) Limit access to the data processing center all employees of the company. (c) Buy insurance to protect against loss of equipment in the computer facility. (d) Use advanced technology to identify individuals who are authorized access to the data processing center. 4.For internal control over computer program changes, a policy should be established requiring that: (a) All proposed changes be approved by a responsible individual and logged. (b) The programmer designing the change should be responsible for ensuring that the revised program is adequately tested. (c) All program changes be supervised by the information system control group. (d) To facilitate operational performance, superseded portions of programs should not be deleted from the program run manual. 5. Auditing "around the computer": (a) Assumes that accurate…
1. Having a clean electronic image includes: A. Maintaining a professional voice mail message B. Maintaining a professional e-mail address C. Evaluating your Internet social networking sites D. All of these 2. Personal references should: A. Be included on a résumé and cover letter B. Not be included on a résumé or cover letter C. Only be listed on your résumé D. Only be listed on your cover letter 3. Self-discovery is the process of: A. Identifying your key selling points B. Identifying key skills C. Identifying key interests D. All of these
Which of the following describes preventive controls? (Several choices may be correct.) Expected to be 100% effective. O Easily verified as to whether the control has worked. O Designed to stop misstatement from occurring. O Applied to each transaction prior to entering transactions into the accounting system. Applied to each transaction after transactions have been processed. O Designed to detect fraud or errors that have occurred.
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