3.2.2 division of profits

Answers

Answer 1

The division of profits in a partnership happens based on a ratio that the partners agree to which is usually based on capital contribution.

How are profits divided in a partnership?

In partnerships, the profit is divided according to a certain ratio that the partners would have agreed to in writing when they joined the partnership.

This ratio would often be based on the amount of capital that each partner brought to the firm. For instance, if Partner X gets 60% of the profits and Partner Y gets 40%, it most likely means that Partner X put up 60% of the capital.

Question is:

How are profits divided in a partnership?

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Related Questions

if the price level is set at 35 margin points what percentage will be on each unit sold

Answers

if the price level is set at 35 margin points  35 percent will be on each unit sold

This is further explained below.

What are margin points?

Generally, The amount by which an item is being sold for more than its cost price is referred to as margin points, and each point indicates a percentage of the total.

When it is mentioned that a product is being sold at a margin of 35 points, this indicates that the price at which the product is being sold is 35% more than the price at which it was produced.

In conclusion, If you wish to make a profit of 35 percentage points on the sale of a product and its purchasing price was $40, then your selling price should be:

= 40 * (1 + 35%)

= $54

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The idea of setting timers for work intervals followed by short breaks is called

Answers

The idea of setting timers for work intervals followed by short breaks is called Pomodoro Technique.

Why does the Pomodoro Technique work?

You benefit from being less distracted. You could not be paying attention to your work even if you are just checking your emails. The Pomodoro approach encourages you to concentrate on one activity at a time, which reduces distractions. You may do it in your workplace or at home, and it's easy to follow.

Francesco Cirillo created the Pomodoro Technique as a time-management technique in the late 1980s. It divides the task into intervals that are typically 25 minutes long and are separated by brief breaks using a kitchen timer.

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diNeR Receipt
*** 1 each for 4 people
hamburger
french fries
tea
$8.47
$4.67
$2.17
+ 10% increase for inflation
+ 20% tip_
+ 7.75% tax

Answers

Based on the cost of the hamburger, French fries, and tea, and inflation, tip, and tax, the total cost of the Diner receipt is  $21.05

What is the total cost?

First, add up the cost of the hamburger, French fries, and tea:

= 8.47 + 4.67 + 2.17

= $15.31

The cost including inflation, tax, and the tip would be:

= 15.31 + (15.31 x 10%) + (15.31 x 20%) + (15.31 x 7.5%)

= $21.05

In conclusion, the total cost is $21.05.

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Consider a closed economy (no international trade) under a simple Keynesian model. Assume investment is a constant. Tax is a lump-sum that does not depend on income. If a government increases its expenditure by $1 but at the same time increases the lump-sum tax by $1. Will real output be increased or decreased, and by how much?

Answers

According to the Keynesian model, the real output is increased by $1 If a government increases its expenditure by $1 but at the same time increases the lump-sum tax by $1.

What are the main points of Keynesian economics?

According to Keynesian economics, a healthy economy spends or invests more than it saves and that demand drives supply. Keynes believed that governments should increase spending even if it means going into debt in order to generate jobs and increase consumer purchasing power during a recession.

Keynesians contend that because prices are somewhat rigid, changes in any aspect of spending, whether government, investment, or consumer spending, affect output. For instance, the output will rise if government expenditure rises while all other spending factors stay the same.

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Sandhill Co. purchased a new machine on October 1, 2025, at a cost of $88,100. The company estimated that the machine has a
salvage value of $5,700. The machine is expected to be used for 80,000 working hours during its 10-year life. Compute depreciation using declining-balance using double the straight-Ime rate for 2025 and 2026.

Answers

The depreciation expenses using the declining balance at double the straight-line rate for 2025 and 2026 are:

2025 depreciation expense is $4,404.2026 depreciation expense is $16,379.

What is the double-declining balance method?

The double declining balance (DDB) is a depreciation method or approach to accounting for the cost of long-term assets in their useful lives.

The double-declining balance method of depreciation uses double the straight-line rate (100/estimated useful life) to compute the depreciation expense.

With this method, depreciation expense is highest in the first year and declines as the years go by.

Data and Calculations:

Cost of new machine = $88,100

Purchase date = October 1, 2025

Estimated salvage value = $5,700

Depreciable amount = $82,400 ($88,100 - $5,700)

Estimated useful life = 80,000 working hours or 10-year life

Straight-line rate = 10% (100/10)

Double-declining rate = 20% (10% x 2)

Depreciation Expenses:

2025 = $4,404 ($88,100 x 20% x 3/12)

Declined value = $83,695 ($88,100 - $4,404)

2026 = $16,739 ($83,695 x 20%)

Thus, the depreciation expenses for 2025 and 2026 are $4,404 and $16,739, respectively.

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Dhrish has flown into Chicago for work. He needs a place to eat dinner and hasn’t had time to research local restaurants. Dhrish calls the concierge desk at his hotel and asks for a few recommendations. After settling on one close by, Dhrish thanks the concierge and hangs up the phone. Identify all of the relevant characteristics for this service product experience:

Answers

The relevant characteristics of this service product experience were intangible and simultaneous production and consumption.

What is Service?

Services are referred to as a type of goods that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.

In this case, Dhrish call the help desk in the hotel and take suggestions from them via phone call which reflects intangible service as he did not see it just felt it.

Services are said to be simultaneous production and consumption as services are consumed at the time when they are produced like Dhrish receives information through the help desk and made decisions.

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A woman considers her salary when buying a new car.

Answers

A woman considers her salary when buying a new car. Economic Prespective

The term "perspective of economics" is used to refer to the application of the maximisation of behaviour and demand and supply to political institutions and behaviour.

Three components make up an economic perspective: marginal analysis, deliberate activity, and scarcity and choice.

In general, there are three main viewpoints on development. The first is a classical one that prioritises economic liberalism and adheres to a standard capitalist strategy. The second is socialist and places a strong emphasis on government action and economic planning to manage resources at home.

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give 2 reasons why you think having a career is important

Answers

Answer:

There are many benefits to having a career purpose. First, it will inspire you to do and be more in your job, which will light you up and make your life come alive. You'll make more progress in your career too, because you're engaged and interested in what you're doing.

Career is a lot of your life. ...

It affects who you are at home. ...

It is a part of your identity. ...

It provides direction and purpose. ...

Work will define your social life. ...

Finding Your Passion is a Moral Obligation.

Explanation:

Answer:

A job may be important for a sense of purpose since it can provide goals to work toward each day and an income to support you financially. It can help you build skills and experience that will last throughout your career, even if you change careers later in life.

The __________ system provides the least incentive to work hard or to produce quality goods or services. Question 10 options: mixed economy capitalist communist socialist

Answers

The capitalist communist socialist system provides the least incentive to work hard or to produce quality goods or services.

Communism (from Latin communis, "common, universal") is a far-left sociopolitical, philosophical, and economic ideology that is currently popular within the socialist movement. Its main objective is the creation of a communist society, which is a socioeconomic system where all members of the society share in common ownership of the means of production, distribution, and exchange and receive equal access to goods. In addition, there are no social classes, money, or state. Communists frequently call for a free state of self-government but have differing opinions on how to get there. This illustrates a division between a more libertarian approach of communization, revolutionary spontaneity, and workers' self-management and a more vanguardist or communist party-driven approach through the creation of a constitutional socialist state and Friedrich Engels' withering away of the state.

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Lion Corp. has a $2000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 23 years to maturity. The yield to maturity on this bond is 4.3 percent. What is the dollar price of the bond?

Answers

The dollar price of the Lion Corp. bond is $2,174.18

What is the dollar price of the bond?

The dollar price of the bond is the present value of its future cash flows, 46 semiannual coupon payments and the face value discounted at the semiannual yield to maturity of the bond, which can be computed using a financial calculator which requires that the calculator be set to its end mode before making necessary inputs because the semiannual cash payments are expected at the end of each semiannual period:

N=46(number of semiannual coupons in 23 years=23*2)

I/Y=2.15(semiannual yield without % sign=4.3%/2)

PMT=49(semiannual coupon=$2000*4.9%/2)

FV=2000(the face value of $2000)

CPT(press compute)

PV=$2,174.18

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True or False: The Small Business Administration's microloan program offers small businesses very small loans.

Answers

The Small Business Administration's microloan program offers small businesses very small loans: True.

What is a loan?

A loan can be defined as an amount of money that is typically being borrowed by a borrower from a bank or other financial institutions (lender), and it is generally expected to be paid back by a borrower to the lender at a specific period of time with an agreed interest.

What is the Small Business Administration?

The Small Business Administration (SBA) can be defined as an agency of the federal government that offers both managerial and financial assistance (loans) to small businesses.

Additionally, the Small Business Administration (SBA) was established in 1953 as an autonomous or independent agency of the government of the United States of America. Generally speaking, it is saddled with the responsibility of providing both managerial and financial assistance (loans) and counseling to small businesses, in order to bolster the American economy.

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Match each one of the following descriptions with the correct answer.

Answers

A sole proprietor is best described by the fourth option.

A franchise is best described by the third option.

A c-corporation is best described by the fifth option.

A small business is best described by the first option.

An entrepreneur is best described by the second option.

What is a sole proprietor, entrepreneur, small business and franchise?

A corporation is a business that is owned by shareholders. The corporation is a separate legal entity and so it can sue and be sued, pay taxes and own assets. A c-corporation is type of corporation where the owners, or shareholders, are taxed separately from the entity.

A sole proprietorship is a type of business that is owned by one person who has unlimited liabilities.

A franchise is a method of distributing goods in which the owner of the business gives the distributor a license to sell their goods or the permission to use their brand name.

An entrepreneur is one of the factors of production. The entrepreneur is the owner of the business and it organises the other factors of production.

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Complete the statement below by choosing either imply or infer.

Am I to from your sitting in front of the TV that you don't need to study for the exam?

Answers

Inferring that you don't need to study for the exam by watching TV, if I may assume so.

Study can also indicate research, which is a method of gaining new knowledge. Learning strategies and study skills. A room in the home that functions similarly to a home office is the study. Drawings made prior to a larger work of art are called studies. Studying is crucial for the development of personal talents in addition to schooling. Your self-esteem, competence, and confidence can all increase with effective study techniques. Furthermore, it aids in lowering tension and stress related to tests and deadlines. Active listening, reading comprehension, taking notes, managing stress, managing time, taking tests, and remembering are all skills. You learn more about historical events, current activities, and future developments by studying.

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Refusal to submit to a breath or blood analysis to determine the concentration of alcohol or other drugsin your system will result in a
of 180 days.
O community service requirement
O driver license suspension
O jail term
O alcohol awareness course requirement

Answers

B. Drivers license suspension

Refusal to submit to a breath or blood analysis to determine the concentration of alcohol or other drugs in your system will result in a driver license suspension of 180 days. The correct option is B.

This penalty is often imposed by law enforcement agencies when individuals decline to take a breathalyzer or blood test during a traffic stop for suspected driving under the influence.

License suspension serves as a deterrent to discourage impaired driving and ensure public safety on the roads.

During this period, individuals may face difficulties in commuting and may need to fulfill certain requirements such as attending an alcohol awareness course to reinstate their driver's license after the suspension period.

Therefore, the correct option is B.

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What appeals to you about photography? Is it the creative process of setting up
photographs? Or are you more interested in the various functions and settings that you
can control with your camera? Explain and discuss what aspects of photography
interest you and why, as well as what, you are interested to learn more about.

Answers

As was already mentioned, image appeal in photography can be summed up as the interest that a photograph arouses in viewers other than the photographer. The adjective "appealing" is typically defined in the American Heritage Dictionary (2005) as being lovely or beautiful.

In terms of creativity and idea exploration through photos, photography is a sort of art, but in order to produce truly excellent images, you must set up a strategy for your personal growth that is particularly focused on your abilities, motivation, purpose, and output.

Ensuring that there is a balance and that your photographs are not susceptible to underexposure or overexposure in order to create great images.

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One of Sanjay’s largest international customers is Rolling Waves in Ireland. He got a call from his contact at Rolling Waves, "This is a heads-up! Top management is asking operations to review our vendors for ISO 14001 compliance." Sanjay’s company should prepare to demonstrate

A. an acceptable level of quality standards of the products and services it provides.

B. a level of quality in its products and services that exceeds its competitors.

C. a world-class management system in information technology and lean manufacturing.

D. best practices for managing its impact on the environment.

Answers

For him to be reviewed  for ISO 14001 compliance is D. best practices for managing its impact on the environment or environment degradation.

What is ISO 14001 compliant ?

ISO 14001  can be described as the standard that is been acceptable  internationally  and this is used to sets out the requirements  that is needed by the industries for environmental management system.

It should be noted that this organizations improve environmental performance by taking some measures which help to ensure the regulation of the actions of the industry on the environment so that it can be safe for the public at large.

Therefore option D is correct.

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60 points Give an example of an issue that can make it difficult for an American to interview and select an international employee. (Study Guide 1.2.6) One main important reason is worth 20 points. (Assume the interviewer and the interviewee can speak the same language.)

Answers

Answer:

the qualifications might differ from country to country

how would the international employee work - online meetings etc?

Explanation:

Answer:

Cultural differences can make it difficult for an American interviewer to understand the qualifications and work style of an international employee. This can lead to misunderstandings and bias during the interview process, potentially causing the American interviewer to overlook qualified candidates.

The Porter family budget in the new city is shown in the graph. Of the seven expenses shown, which of the following is fixed?
housing
food
clothing
medical

Answers

Based on the seven expenses of the Porter Family budget, the expense that is fixed is housing.

Why is housing expense fixed?

The amount that we pay on housing is often fixed regardless of if we own the house or are leasing it. In the case of owning the house, we would often have to pay for mortgages and these would have fixed amounts.

In the case of a house being leased, we would have to pay for rent which is also often fixed for certain periods of time. The housing expense in the Porter Family budget is therefore fixed.

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Answer:

the answer is A, housing

Explanation:


Why are most African countries finding it difficult to experience vast
development as compared to most countries in the North?

Answers

We find that poor economic policies have played an especially important role in the slow growth, most importantly Africa's lack of openness to international markets. In addition, geographical factors such as lack of access to the sea and tropical climate have also contributed to Africa's slow growth.

Our effects advise that domestic funding, net ODA inflows, training, government effectiveness, city population, and metal costs genuinely and substantially affect Africa's financial boom.

These endemic problems range from abject poverty, violence, underutilise agriculture, and infrastructure, lack of getting right of entry to credit centers, social fractionalisation, poor health facilities, terrible monetary to catastrophic civil unrest; which is probably associated with illiteracy, lack of proper establishments and exploitation by way of corrupt.

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Which statement best describes a characteristic of a relational database?

A. It contains tables that are completely independent of one another.

B. It contains tables with fields that are associated with one another.

C. It is a feature that is primarily used to navigate databases.

D. It is a feature that is primarily used to add queries to tables.

Answers

Answer:

B. It contains tables with fields that are associated with one another.

Why the other choices are wrong

C and D are wrong because a relational database is a database that contains tables with fields that are associated with one another. D is wrong because it is a feature that is used to add queries to tables.

Further explanation of concepts:

What is a relational database?

A relational database is a database that stores data in the form of tables. The tables are then linked together by relationships. This makes it easy to access data in the database and to create new relationships between data.

What are queries?

Queries are how you search for and manipulate data in a relational database. Queries can be used to find specific data, to update data, or to delete data.

How do the following technologies help you in your quest

Answers

Each of these technologies, as well as how students use them, should be discussed.

Technologies are artifacts created by the methodical application of knowledge and employed to achieve real-world objectives. : 117  They are extensively used in daily life, including in communication, transportation, industry, science, and medical. Both tangible tools like software and immaterial ones like physical objects like machinery or utensils are considered technologies. Numerous technological developments have brought about societal transformations. The earliest known technology was the use of stone tools in the prehistoric era, followed by the use of fire, which helped people develop language and larger brains during the Ice Age. The discovery of the wheel during the Bronze Age paved the way for the development of more advanced machines. There are now fewer hurdles to communication because to recent technical advancements like the printing press, telephone, and internet.

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In the United States, which of the following is
true about the Federal Reserve?
A. The Federal Reserve is in charge of all tax collection.
B. The Federal Reserve is in charge of printing all cash and coins.
C. The Federal Reserve is in charge of international trade.
D. The Federal Reserve is in charge of all investments.

Answers

Answer:

it's the c

Explanation:

two primary techniques to identify use cases

Answers

Two primary techniques to identify use cases are User Goal Technique and CRUD Technique.

A strategy is known as the "Goal Technique" is talking to users and asking them to discuss their objectives for the new system. Typically, the analyst would make a list of every stakeholder who is likely to engage with the system, consider their roles, and determine what resources they would require to do their tasks.

Using the CRUD technique, which stands for Create, Read or Report, Update, and Delete, is another method for locating use cases. In this instance, the analyst identifies all the data elements that the system will process and develops use cases for the creation, reporting, updating, and deletion of each data element.

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Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $35,500 and $39,000, respectively. It also expects credit sales of $55,500 and $65,500, respectively. The company expects to collect 45% of its credit sales in the month of the sale, 50% in the following month, and 5% is deemed uncollectible. What amount of cash collections from credit sales would the company include in its cash budget for the second month?

Answers

Based on the credit sales expected for the first and second months, and the percentage the company expects to collect, the cash collections from credit sales to be included in the cash budget is $96,225.

What is the cash collection from credit sales?

The cash collections from credit sales in the 2nd month can be found as:

= Cash sales in second month + 50% of credit sales from first month + 45% of the credit sales from second month

Solving for the cash collection from credit sales in the second month gives:

= 39,000 + (55,500 x50%) + (65,500 x 45%)

= 39,000 + 27,750 + 29,475

= $96,225

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Which pricing strategy is typical of Cost-focus pricing? Choose the answer.

Competitive pricing

Market penetration

Price gouging

Mark-up pricing

Answers

price gouging is a cost focus pricing is the answer !

List the two categories from Gardner’s multiple intelligences that best reflect your learning style

Answers

The intelligences raised by Howard Gardner that best reflect my learning style are: Spatial intelligence and bodily-kinesthetic intelligence.

Who is Howard Gardner?

Howard Gardner (1943) is an American psychologist who is popular throughout the world for his research related to the analysis of cognitive abilities and for having formulated the theory of multiple intelligences.

What are multiple intelligences?

According to Gardner, intelligence is the set of capabilities that allow individuals to solve problems or manufacture valuable products in our culture. He defines 8 great types of capacities or intelligences that are:

Linguistic intelligence refers to people who learn best by reading, hearing and seeing words, speaking, writing, discussing and debating.logical-mathematical intelligence refers to people who learn best using patterns and relationships, classifying, working with the abstractbodily-kinesthetic intelligence refers to people who learn best by touching, moving, processing information through bodily sensations.musical intelligence refers to people who learn better with activities related to rhythm, melody, singing, listening to music and melodies.spatial intelligence refers to people who learn best by working with pictures and colors, visualizing, using their mind's eye, drawing.naturalistic intelligence refers to people who learn best by working in the natural environment, exploring living things learning about plants and nature-related topicsinterpersonal intelligence refers to people who learn best by sharing, comparing, relating, interviewing, Cooperatingintrapersonal intelligence refers to people who learn best by working alone, doing projects at their own pace, having space, reflecting.

Which intelligences best reflect my learning style?

The intelligences raised by Howard Gardner that best reflect my learning style are:

spatial intelligencebodily-kinesthetic intelligence

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Simple random sampling uses a sample of size n from a population of size N to obtain data that can be used to make inferences about the characteristics of a population. Suppose that, from a population of 54 bank accounts, we want to take a random sample of four accounts in order to learn about the population. How many different random samples of four accounts are possible?

Answers

If from a population of 54r bank accounts, we want to take a random sample of four accounts in order to learn about the population, the number of different random samples of four accounts possible are: 31,625,099,999.

Number of different random sample

Using this formula

C(54;4)=Population of bank account !/(Population of bank account-Random sample of four account)! ×Random sample of four account !

Let plug in the formula

C(54;4)=54!/(54-4)!×4!

C(54;4)=54!/(50)!×4!

C(54;4)=31,625,099,999 possible random

Therefore If from a population of 54r bank accounts, we want to take a random sample of four accounts in order to learn about the population, the number of different random samples of four accounts possible are: 31,625,099,999.

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Which Marketing Core Function is the following:
A person approaches you in the mall and asks if you would mind answering
some questions on a survey.
A) Promotion
B) Marketing Concept
C) Marketing Information Management
D) Channel Management

Answers

Answer:

C. Marketing information Management

This is the answer

Dents and Dings Auto Body buys paint with a list price of $33,000. If the supplier extends trade discounts of 30/35/20, what is the trade discount amount?
• $1,617
• $12,012
• $20,988
• $31,383

Answers

Answer:

20,988

Explanation:

PLS PLS PLS PLS PLS PLS HELP
IM LITERALLY STRUGGLING

Answers

a) The computation of the payback period, accounting rate of return, and the net present value of each of the potential projects are as follows:

                                            Project A          Project B         Project C

Payback period                    3 years            3 years              4 years

Accounting rate of return    77.14%             55.38%            58.95%

Net present value (NPV)   $21,965             $2,425              $6,020

b) The choice of project is Project A based on its spectacular performance with the three project evaluation financial metrics, especially the NPV.

Data and Calculations:

                                            Project A          Project B         Project C

Initial cost                           $175,000         $195,000         $190,000

Expected life                       5 years             5 years           5 years

Scrap value expected          $5,000            $8,000             $4,000

Expected Cash Inflows:

Year 1                                  $75,000          $95,000           $50,000

Year 2                                   65,000            65,000             60,000

Year 3                                   60,000            45,000             65,000

Year 4                                   55,000            45,000             66,000

Year 5                                  50,000            45,000              57,000

Total cash inflows          $305,000        $295,000         $298,000

Total depreciation for 5   175,000

Cost of capital = 18%

Depreciation to Project A each year = $35,000

Depreciation to Project B each year = $39,000

Depreciation to Project C each year = $38,000

a) Payback period:

                                            Project A          Project B         Project C

Initial cost                           $175,000         $195,000         $190,000

Expected cash inflows:

Year 1                                  $75,000          $95,000           $50,000

Year 2                                   65,000            65,000             60,000

Year 3                                   60,000            45,000             65,000

Year 4                                                                                     66,000

Payback period =                3 years            3 years              4 years

b) Accounting rate of return:

                                        Project A          Project B         Project C

Total cash inflows          $305,000        $295,000       $298,000

Total depreciation for 5   (175,000)         (195,000)        (190,000)

Scrap value                           5,000               8,000             4,000

Net income                     $135,000         $108,000        $112,000

Initial cost                        $175,000         $195,000      $190,000

Accounting rate of return   77.14%            55.38%          58.95%

c) NPV:

                   Project A          Project B         Project C

Initial cost  ($175,000)       ($195,000)        ($190,000)

Year 1          $63,525           $80,465            $42,350

Year 2           46,670              46,670              43,080

Year 3           36,540              27,405              39,585

Year 4           28,380             23,220              34,056

Year 5           21,850              19,665              24,909

NPV            $21,965             $2,425              $6,020

Discount factors at 18%:

0.847

0.718

0.609

0.516

0.437

Thus, Project A should be selected because of its high positive NPV.

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