Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 9.00

Roberts III Corporation

Roberts III Corporation is considering an investment in special-purpose equipment to enable the company to obtain a four-year government contract for the manufacture of a special item. The equipment costs $206,000 and would have no salvage value when the contract expires at the end of the four years. Estimated annual operating results of the project are as follows:

             
Revenue from contract sales       $ 315,000  
Expenses other than depreciation $ 212,000        
Depreciation (straight-line basis)   70,000     (282,000 )
 
 
Increase in net income from contract work       $ 33,000  
       

All revenue and all expenses other than depreciation will be received or paid in cash in the same period as recognized for accounting purposes.
a.

Compute the payback period for Bowman's proposal to undertake the contract work:

 

Payback period years

 

b.

Compute the return on average investment for Bowman's proposal to undertake the contract work:(Round your answer to 1 decimal place. Omit the "%" sign in your response.)
Return on average investment %
c.

Compute the net present value of the proposal to undertake contract work, discounted at an annual rate of 12 percent. (Refer to annuity table in Exhibit 26-4.) (Round your "PV factor" to 3 decimal places. Omit the "$" sign in your response.)
Net present value $

 

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 01:08 PM My Price 9.00

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