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What the actual cost of the van should not exceed estimate

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Reference no: EM132933523

Problem 1: The Unique Bookshelf Company is considering the purchase of a custom delivery van costing approximately Khs.50,000. Using a discount rate of 20%, the present value of future cost savings is estimated at Khs.51,200. To yield the 20% return, the actual cost of the van should not exceed the Khs.50,000 estimate by more than:

A. Khs.50,000

B. Khs.51,200

C. Khs.25,000

D. Khs. 1,200

Problem 2: Work in process inventory is goods that are partially completed by manufacturer.

A True B False

Problem 3: Identify from the following statement that describes the role of managerial accountant?

A. Managerial accountants prepare the financial statements for an organization.

B. Managerial accountants facilitate the decision-making process within an organization.

C. Managerial accountants make the key decisions within an organization.

D. Managerial accountants are primarily information collectors.

E. Managerial Accountants are solely staff advisors in an organization

Reference no: EM132933523

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