Fool Proof Software Is Considering a New Project Whose Data

question 8

Multiple Choice

Fool Proof Software is considering a new project whose data are shown below. The equipment has an economic life of 3 years, and is in the CCA class 10 (30%) . Revenues and cash operating costs are expected to be constant over the project's 3-year life. What is the net operating cash flow for Year 1?

• A) $26,162.50
• B) $28,770.00
• C) $30,359.25
• D) $25,275.50

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Definitions:

Cruel and Unusual Punishment

Punishment prohibited by the Eighth Amendment to the United States Constitution, including torture or other forms of punishment too severe for the crime committed.

Extortion

The criminal act of obtaining money, property, or services from an individual or institution through coercion.

Shoplifting

A criminal act of stealing goods from a retail establishment without paying for them.

Sarbanes-Oxley Act

A federal law enacted in 2002 to protect investors from fraudulent accounting activities by corporations.