<span>It is imperative to have accurate information when completing year end financial statements. If a journal entry and posting for the use of office supplies was omitted in error, the financial statements would not be complete, and the company could possibly lose out on a tax deduction.</span>
Georgia was contacted by the CEO to research if adding a new data center makes sense for the organization from an economic and operational stand point. Georgia agreed to perform "Feasibility Study".
<h3>What is Feasibility Study?</h3>
A feasibility study is an analysis that determines the chance of successfully completing a project by taking into account all pertinent economic, technical, legal, and scheduling issues.
The purpose of feasible study is-
- An initial investigation of a prospective project or endeavour to assess its merits and viability is known as a feasibility study.
- An unbiased analysis of a proposed project's technical, economic, financial, legal, and environmental issues is intended to be provided through a feasibility study.
There are four main elements that go into a feasibility study-
- Technical feasibility: The process of finding out how you're going to manufacture your good or service to see if it's feasible for your business is called technical feasibility.
- Financial feasibility: Your project's financial viability is determined by its financial viability. A cost/benefit analysis is part of a financial feasibility report and it examines
- Market feasibility (or market fit): Product-market fit occurs when an entrepreneur spots a gap in the market and develops a solution that consumers desire to purchase.
- Operational feasibility: The degree to which a proposed system resolves issues, seizes opportunities identified during scope definition, and satisfies requirements found during the requirements analysis stage of system development is measured by its operational feasibility.
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Answer:
b. No, the return is less than the required rate of 9%
Explanation:
Projected sale = 100000
Projected exp = 86000
Profit = 14000
Assets= 200000
Return on assets = 14000/200000 = 7%
Expected return = 9%
Hence, project should not be taken
Answer:
d. $74,749.60 ( depreciation allowance @ 8.92% )
Explanation:
Under Modified Accelerated Cost Recovery System the Office furniture and fixtures, agricultural machinery and equipment, any other property not associated with another class is classified as 7-years property.
These assets are depreciated as follows:
Year Percentage Depreciate
1 14.29%
2 24.49%
3 17.49%
4 12.49%
5 8.93%
6 8.92%
7 8.93%
8 4.46%
In the Sixth year depreciation will be charged by 8.92%.
Asset Value = $838,000
Depreciation Allowance in 6th year = $838,000 x 8.92%
Depreciation Allowance in 6th year = $74749.60
*Option for the given Mcqs are missing and written as follows:
Select one:
a. $80,411.60
b. $74,833.40
c. $89,108.00
d. $74,749.60
e. $89,327.08
