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A. A farm resource Because it is on farm property and it is used for farming
Answer:
B. Nominal Account.
Explanation:
Branch accounting is a system of bookkeeping that uses a system of separate branch accounting. This branch is also known as the operating locations of an organization.
The account which uses branch adjustment accounting is a nominal account. The nominal account is the general ledger account that closes its account at the end of every year, using branch accounting.
Therefore, option B is correct.
First find the present value factor
The formula is
Net Investment÷Annuity=PV Factor
16,611÷3,000=5.537
Pv factor is 5.537
Th e PV of an ordinary annuity table is examined to find the IRR.
In the table, find the row representing the project’s life (in this case, nine periods) and find
the PV factor resulting from the equation solution. In row 9, a factor of 5.537 appears
under the column headed 11 percent. Thus, the internal rate of return for this investment
is 11 percent.
Interpretation
Since the IRR is lesser than the required rate of return, the proposal should be rejected 15% > 11%
