If a post-audit shows that the actual cash inflows for a project are lower than the estimates
Question:
If a post-audit shows that the actual cash inflows for a project are lower than the estimates used to originally determine a project's net present value, does this mean that the manager who prepared the estimates inflated them to make the project look better? Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
Not necessarily It is important to remember that estimates used to ca...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 9781260193275
12th Canadian Edition
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
A manufacturer claims that the average tensile strength of thread A exceeds the average tensile strength of thread B by at least 12 kilograms. To test his claim, 50 pieces of each type of thread are...
-
How is ERM expected to grow in importance in the future?
-
Electronic Connections Ltd. (ECL) is a major supplier of computer networkrelated services. It was started by two young programmers in 1963 who purchased a (then) large secondhand mainframe computer...
-
The following figure depicts the financial situation of Ms. J. Fawn. In period 0 her labor income and current consumption is \($40;\) later, in period 1, her labor income and consumption will be...
-
Presented below is selected information for Alatorre Company. 1. Alatorre purchased a patent from Vania Co. for $1,000,000 on January 1, 2006. The patent is being amortized over its remaining legal...
-
. Debra, Dan, and Dawn own 10%, 15%, and 75%, respectively, in the CCC Partnership. Debra sells securities for their $55,000 FMV to the partnership. Review the following independent situations: i...
-
Selected operating data on the two divisions of Prism Company are given below: Required 1. Compute the rate of return for each division using the ROI formula stated in terms of margin and turnover....
-
What are some non-financial factors that might be considered when making capital budgeting decisions?
-
a. Where will profits be higher: When demand for a patented drug is highly inelastic or when demand for a patented drug is highly elastic? b. Which of those two drugs are more likely to be important?...
-
1) What are the steps required to get ready a tractor for a mowing operation? 2) What are the steps required to get ready a baler field operation? 3) Explain the process of finishing a bale with the...
-
Define and discuss the relationship between the terms 'ethics and 'surveillance' in the context of web analytics. Discuss by drawing on an example from your research.
-
In 2017, Seattle-based global coffee chain Starbucks Corporation was named the third most admired company in the world and the number one company worldwide in the food service industry by Fortune....
-
What invention would you argue has most impacted mechanical engineering? Explain your answer. Unlike classical mechanics, which has been around for centuries, the field of Quantum Mechanics is...
-
1 . The following would be an example of a cost center at General Electric Company: GE HR . GE Power. GE Aviation. GE Healthcare. 2 . This is the definition of a cost center: A division that produces...
-
When Kaylas basis in her interest in the JKL Partnership is $30,000, she receives a current distribution of office equipment. The equipment has an FMV of $40,000 and basis of $35,000. Kayla will not...
-
QUESTION 2 The CEO of Farisha Hijab Sdn Bhd insisted on further investigation to be carried out that he also required Mr Muaz to conduct the analysis of variance for the material and labour of the...
-
Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavezs business is seasonal, with a heavy schedule during the summer months and holidays and a...
-
Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavezs business is seasonal, with a heavy schedule during the summer months and holidays and a...
-
Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavezs business is seasonal, with a heavy schedule during the summer months and holidays and a...
-
. According to the salary comparison in Figure 1, by the end of a 30-year career a college graduate is likely to earn: a. $22,895. b. $40,478. c. $686,850. bd. $1,214,340.
-
Miracle Works Inc. is located in Newfoundland. The company hires 3 eligible apprentices, paying each of them $30,000 in the current taxation year. It also acquires $2,000,000 in qualified depreciable...
-
Shareholders' equity and liabilities both have normal credit balances. Why are the shareholders' equity debit/credit rules more complex than liabilities? O The elements of Shareholders' Equity are...
Study smarter with the SolutionInn App