Consider the Business Application "Assessing Product Profitability for Products with Large Development Expenses and Long Product Lives" from Ch. 7. This can be found on page 276 in the section on Managing Projects. Respond to the following in a minimum of 175 words:

What estimates can a manager for Boeing or another aircraft manufacturer make that affect the reported profitability of a particular aircraft model? Why would such an accounting approach be adopted for managerial (not financial) accounting purposes? Are there any ethical issues that might arise? Explain your answer.