A Project Has an Initial Cost of $32,000 and a 3-Year

question 54

Multiple Choice

A project has an initial cost of $32,000 and a 3-year life.The company uses straight-line depreciation to a book value of zero over the life of the project.The projected net income from the project is $1,200,$2,300,and $1,800 a year for the next 3 years,respectively.What is the average accounting return?

• A)8.72 percent
• B)11.04 percent
• C)11.26 percent
• D)14.69 percent
• E)15.14 percent

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Definitions:

Public Practices

Behaviors, routines, or activities conducted in public contexts, reflecting societal values, norms, or traditions.

Durkheim

Refers to Émile Durkheim, a foundational French sociologist known for his work on social cohesion and the division of labor.

Rituals

In Durkheim’s usage are public practices designed to connect people to the sacred.

Spirituality

A broad concept involving the search for meaning, purpose, and connection with something greater than oneself.