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Dwight Donovan, the president of Rooney Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of five years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $100,000 and for Project B are $32,000. The annual expected cash inflows are $33,438 for Project A and $9,321 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Rooney Enterprises' desired rate of return is 6 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Required Problem 1: Compute the net present value of each project. Which project should be adopted based on the net present value approach?
Problem 2: Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach?
Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average-cost.
Compute the following amounts. The company's prime cost for January, The total manufacturing cost for January and The cost of goods manufactured for January.
How is the $100,000 recourse note allocated to the partners bases and how is the $50,000 nonrecourse note allocated to the partners' bases?
Determine what Company Zs operating profit would have been if it had sold 2,100,000 units during the year, which is 100,000 more units than in the example shown in table.
Give four examples of firms in Ethiopia you believe would be significant users of cost management information and explain why. Explain in detail.
What amount of overhead should be applied to order number 100? During the month of January, the cost sheet of order number 100 indicates P20 of raw materials
How many units should the firm order at a time if it wants to minimize the sum of ordering and carrying costs and how many orders will it place in a year - what will its average inventory level be during the year
Sports Innovators has developed a new design to produce hurdles, Prepare projected income statements using variable costing and absorption costing.
Kerry is an employee of the university. She is provided with 10 giftvouchers worth $50 each for use at the local supermarket as a Christmasgift. Advise Kerry and the University of the Tax Consequences of thistransaction.
The new machine is expected to have a 10% return. What will be the service department's residual income if the investment is accepted
Which type of cost center has a planning focus, and which type has an evaluation focus? What is the role of risk preference in performance evaluation?
What would be the allocation rate and how much cost would be allocated to the Machining and Assembly Department for the operations of the month?
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