calculate 3 investment appraisal

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133 Deciding between three projects The directors of Summer and Rayne, a partnership of investors, have three independent investment projects before them for consideration. Each will cost $600000 in the first instance. The net cash inflows in thousands of dollars each year of the projects are projected to be as in the following table. There is thought to be no residual value for any of the projects. The directors work on 10 per cent as being their RRR. Ignore taxation effects and assume all cash flows occur at the end of the relevant years. Required a. Calculate the three investment appraisal measures for each project. b. Rank the projects and advise the directors which projects, if any, to accept and give your reasons. In a manual accounting system for a business that offers credit to its customers, the journal(s) most likely to be used is/are: Select one: a. the general journal only. b. special journals; L.e. cash recelpts, cash payments, credit purchases, credit sales and the general journal. c. the cash receipts journal only. The double-entry method of accounting refers to the practice by accountants of: Select one: a. dual recording of every transaction; L.e. a debit to one or more accounts and a credit to one or more accounts such that the total debited equals the total credited. b. placing a double underline beneath the totals of ledger accounts. c. double-counting certain types of transactions. d. double-checking every journal entry