Would you recommend the acceptance of this proposal? Why or why not. Prepare a short double spaced Word paper elaborating and supporting your answer. I would recommend the acceptance of Clark Paints’ proposal to purchase the new machine to make the paint cans instead of purchasing them. My decision to accept the proposal is supported by the net present value method. The net present value of this project is $33,035. Our textbook, Managerial Accounting, provides an explanation of this concept: “Under
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Margaret Gibson Managerial Accounting April 17, 2012 Clark Paints: Purchase vs. Manufacturer Recommendation I am recommending that the cans are made in the factory rather than purchasing the cans. This recommendation is based on the Net present value and internal rate of return calculations as well as payback period, cash flow and annual rate of return. The net present value, based on a 12% present value factor is 33,035. The net present value is the amount over or under the required
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Decision Clark Paints has been investigating possible ways to trim production costs. One option is to make their paint cans instead of purchasing them from a supplier. The company estimates that it will need to manufacture 1,100,000 paint cans over the next 5 years. They have determined that their minimum rate of return for all new projects is 12%. Upon calculating the total cost of materials, labor and other variable production costs against the cost of purchasing the paint cans from a
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Capital Budgeting Decision AC505 Managerial Accounting I would recommend the acceptance of this proposal of making paint cans for several reasons. First, we look at the payback period. From our analysis, it will take 3.4 years to recover the initial investment. Though Clark Paints has not established a maximum payback period for comparison, an investment has a 3.4 year payback period is considerably a short period of time. It has less uncertainty and is less risky for the company to accept this
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during the first year of the "Purple Paint Law," as it is known, property owners had to post signs in addition to painting their fences purple. However, that rule was phased out after only one year, and purple paint is now considered enough warning for those wandering close
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Clark Paints Company Capital Budgeting Decision The production department has been researching possible ways to lower costs. One possibility suggested manufacturing the paint cans instead of purchasing them from vendors. The equipment needed would require an initial investment of $200,000 with a disposal value of $40,000 at the end of the 5 years. The production department determined that the amount of cans needed for the next 5 years to be 1,100,000 units. Considering all costs it was determined
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The Shift in Representation of Working Class in Modern Art As the development of modern art era, the representation of working class in modern art works had experienced a process from scratch to flourish. Since Jean-Batiste Simeon Chardin began to paint his still life paintings and introduce the art to the public, more and more artists have begun to shift their focus from the luxury and ideal life of aristocracy to the rough life of the working class. Among all the artists that were discussed in the
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Nicknamed “the projects”, government subsidized housing operates under the goal of providing assistance to low-income households and individuals. Through its portrayal of housing projects as hubs of crime and violence, the media effectively paints a largely negative of poverty in the United States. Media portrayals also disproportionately represent the American poor as being almost entirely composed of people of color, especially African Americans and Latinos. The legacy of the representation
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imperialism. Westward expansion made America into a civilized country with many businesses and agriculture. Everyone moved to America hoping for a better, new life. People advertized with paintings that America was the place to be. People would paint pictures of a beautiful America, hoping to get people to move over to
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American tribe located in North Dakota.The Mandan were known for their earth lodges, built over shallow pits, with a wooden, domed mound built over the top that was covered with dirt and grass.They are also an important part of history because Lewis and Clark spent their first winter with these people and met Sacagawea who helped guide them for the rest of their journey west . The women of the Mandan tribe tended their gardens prepared food and maintained lodges ,while the men spent their time hunting and
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