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P12–14 Unequal lives: ANPV approach Portland Products is considering the purchase of

one of three mutually exclusive projects for increasing production efficiency. The

firm plans to use a 14% cost of capital to evaluate these equal-risk projects. The initial

investment and annual cash inflows over the life of each project are shown in the

following table.

                                                       Project X                  Project Y                  Project ZInitial investment (CF0)               -$78,000                 -$52,000                   -$66,000        Year (t)                                                 Cash inflows (CFt)           1                                           $17,000                  $28,000                     $15,000           2                                            25,000                    38,000                        15,000           3                                            33,000                                                        15,000           4                                            41,000                                                        15,000           5                                                                                                                15,000           6                                                                                                                15,000           7                                                                                                                15,000           8                                                                                                                15,000

a. Calculate the NPV for each project over its life. Rank the projects in descendingorder on the basis of NPV.b. Use the annualized net present value (ANPV) approach to evaluate and rank theprojects in descending order on the basis of ANPV.c. Compare and contrast your findings in parts a and b. Which project would yourecommend that the firm purchase? Why?

*Please put in an excel file*

Thank you 

Answer:a Year X012345678 Y-7800017000250003300041000 Z-520002800038000 PVF-660001500015000150001500015000150001500015000 PV XPV YPV Z1-78000 -52000-660000.87719…

 

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I will pay for the following essay Tax Accountant. The essay is to be 2 pages with three to five sources, with in-text citations and a reference page.

Being perfect in mathematics I am keenly interested in this profession. As description, a tax accountant prepares both business and personal tax returns as well. and by calculating appreciation or depreciation the accountant maintain client property records. In addition, as Fitch (2007) states, a tax accountant carries out research in areas of tax law and regulations to recommend changes in accounting practices to reduce tax liability. Not only that, a tax accountant prepares special tax reports and represents the organization /firm at tax hearings (p. 78).

So to be clear with all these responsibilities I need to communicate with clients regarding all tax issues, review and monitor the work of junior accountants and interns. As we know that taxation is an always changing field so I would concentrate my work in a particular area. From the above, we can see that different doors open to excel in this field. My strategy through this career would be to become an entrepreneur and open own tax accounting practice. The services would include assistance for the preparation of the annual tax forms for individuals and businesses in addition to advising services in business and personal finance to ensure clients the best possible tax savings and other advantages. This would be useful to rise up the business and to fetch out the skills essential to survive in cut throat competition.

Hence, to fulfill my long term plan I am willing to take employment within a large and well established enterprise. Mostly, large organizations, particularly within the financial services industry, a team of accountants are employed exclusively for preparing and recording the firms taxes. According to me, advancing within a field or organization is a better and fruitful choice rather than changing fields. The prominent reason is that I can gain experience and

 

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I will pay for the following essay PARAPHRASE chapter 13. The essay is to be 4 pages with three to five sources, with in-text citations and a reference page.

ties better than competitors perform, a firm is potentially able to create more value than its competitors do.&nbsp.Frequently, strategic positions in a firm can be classified into two broad categories, namely a cost advantage or a differentiation advantage. Should a firm beat others in activities that breed superior differentiation or in activities that create reduced expenses, its strategic standing should correspond to these activities.

A firm can conveniently outsource its value-added activities to other firms that can do such activities at a relatively lower cost. However, a firm should refrain from outsourcing activities which though can be performed cheaply by other firms would lead it to subject itself to considerable transactions costs and hold.

Chandler holds the view that capital-intensive industries enjoy economies of scale. Industries that can produce in large quantities can achieve considerable reductions in costs. A crucial ingredient of a few firms that will control the market and be successful is if they continue producing throughout. The marketing department is charged with identifying markets, securing distribution and determining the price at which the firm can sell its increased output. There exists few natural sources of economies of scale in labor-intensive industries hence big firms have no intrinsic cost advantage over small firms. Where there are many firms and absent product differentiation, the market will be dominated by few opportunities for profits. A key function of the marketing department is to distinguish the firm’s products in the mind of the consumer.&nbsp.The department turns out to be a central origin of value in the firm. Successful differentiation on the other hand is capable of turning the market monopolistically competitive or oligopolistic where image differentiation is immensely successful. Marketing steers this progression of market structure.

An experience good refers to a product whose quality is only assessable after

 

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Information I have:

Background Information for the Database Development

Pipefitters Supply Company accepts orders over different media. When an order arrives, one of the salespersons enters it as a sales order. The sales order includes the customer’s name and a list of the inventory items that the customer wishes to purchase. This inventory list includes the quantity of each inventory item and the price at which Pipefitters is currently selling the item. When the order is ready to ship, Pipefitters completes an invoice and records the sale. Sometimes, some of the inventory items a customer has ordered are not in stock. In those cases, Pipefitters will ship partial orders. Customers are expected to pay their invoices within 30 days. Most customers do pay on time; however, some customers make partial payments over two or more months. Each customer may have many sales orders, many sales, and many cash receipts. Sales orders and sales can each have many inventory items, and each inventory item can appear on many sales orders and many sales.

Tables of the database:

·        Customer Table

·        Order Table

·        Invoice table

·        Salesperson Table

·        Item Table

·        Payment Table

Explanation:

ER Diagram:

Relationship:

·        Many to many relationship between the table customer and the order.

·        Many to many relationship between the table order and the item.

·        Many to many relationship between the table salesperson and the item.

·        Many to many relationship between the table invoice and the customer.

·        Many to many relationship between the table invoice and the order.

·        Many to many relationship between the table invoice and the salesperson

·        Many to many relationship between the table invoice and the payment.

·        Many to many relationship between the table customer and the payment.

Content of the table:

Table: Customer:

Table: Order:

Table:Salesperson:

Table: Invoice:

Table: Payment:

Table: Item:

Description:

·        C_ID used as a primary key in the table Customer. It is used to show the unique ID of each party.

·        O_ID used as a primary key in the table Order. It is used to show the unique ID of each order.

·        I_ID used as a primary key in the table invoice. It is used to show the unique ID of each invoice.

·        P_ID used as a primary key in the table Payment. It is used to show the unique ID of each payment.

·        Item_ID used as a primary key in the table Item. It is used to show the unique ID of each item.

·        S_ID used as a primary key in the table Salesperson. It is used to show the unique ID of each sales man.

·        The C_ID is a foreign key in the table Order. It is used to fetch the details of the customer.

·        The Item_ID is a foreign key in the table Order. It is used to fetch the details of the item.

·        The C_ID is a foreign key in the table Invoice. It is used to fetch the details of the customer.

·        The O_ID is a foreign key in the table Invoice. It is used to fetch the details of the order.

·        The S_ID is a foreign key in the table Invoice. It is used to fetch the details of the salesperson.

·        The C_ID is a foreign key in the table payment. It is used to fetch the details of the customer.

·        The I_ID is a foreign key in the table payment. It is used to fetch the details of the invoice.

·        The S_ID is a foreign key in the table item. It is used to fetch the details of the salesperson.

What I need to do (And I need the file):

1)     Use Microsoft Access to create associated tables

2)     Link all tables by Microsoft Access’s relationship tool

3)     Copy the relationship of your databased shown in Microsoft Access to a word document

4)     Write a report in about 300 words to address

a.      What are frustrations for you to create a small database?

b.     Can you image the usage of database design in your career development?

c.      Do you consider using a small database to organize the data you collected for your course project? Why or why not?

d.     What are your suggestions for improving this Assignment? 

  • Attachment 1
  • Attachment 2
  • Attachment 3
  • Attachment 4
  • Attachment 5
  • Attachment 6
  • Attachment 7

 

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