Accelerated Finance Is Deciding Whether to Purchase New Accounting Software

question 101

Multiple Choice

Accelerated Finance is deciding whether to purchase new accounting software.The cost of the software package is $59,000,and its expected life is ten years.The payback for this investment is four years.Assuming equal yearly cash inflows,what are the expected annual net cash savings from the new software? (Assume the investment has no residual value.)

• A) $5,900
• B) $44,250
• C) $14,750
• D) $236,000

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Causal

Relating to the cause and effect relationship between two or more variables or events.

Correlational

Relating to or denoting a statistical relationship between two variables, indicating how likely they are to change together.

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The total number of individuals occupying an area or making up a whole, often analyzed in terms of size, density, and distribution.