Use the Table for the Question(s) Below

question 60

Multiple Choice

Use the table for the question(s) below.
Consider the following two projects:

-The NPV for project alpha is closest to:

• A) $20.96
• B) $16.92
• C) $24.01
• D) $14.41

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Definitions:

Periodic Inventory System

An inventory accounting system where inventory levels and cost of goods sold are determined at the end of an accounting period through physical counts.

Merchandise

Goods that are bought and sold in the course of business, typically in a retail or wholesale setting.

Note Payable

A written promissory note in which the borrower agrees to pay back the lender a certain amount of money at a future date or on demand.

Adjusting Entries

Entries made in the general journal at the close of an accounting period to update the ledger accounts for any income or expenses incurred but not yet recorded.