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Question 9 2 pts Which of the following is an example of a period cost? O Advertising expense Indirect materials Depreciation on factory equipment O Property taxes for the factory Question 10 2 pts Which of the following statements is INCORRECT? O Managerial accounting is used to report the company's financial position and results of operations to creditors and investors. O Managerial accounting is used to determine the cost of products and services. O Managerial accounting is used to prepare budgets. O Managerial accounting is used to plan and control business operations. Question 12 2 pts Alpha Company is considering an investment of $1,000,000 in a land development project. It will yield cash flows of $300,000 for 5 years. Alpha uses a discount rate of 7%. What is the net present value of the investment? Present Value of an Annuity of $1 5% 6% 7% 8% 9% 10% 0.952 0.943 1 0.935 0.926 0.917 0.909 1.859 1.833 1.808 1.783 2. 1.759 1.736 2.723 2.673 2.624 2.577 3 2.531 2.487 3.546 3.465 3.387 3.312 4 3.240 3.170 4.329 4.212 4.100 3.993 5 3.890 3.791 0 $230,000 0 $444,000 O $312,000 O $330,000 Ston sharing Question 13 2 pts Clapton Corporation is considering an investment in new equipment costing $900,000. The equipment will be depreciated on a straight-line basis over a ten-year life and is expected to have a salvage value of $90,000. The equipment is expected to generate net cash flows of $140,000 for each of the first five years and $100,000 for each of the last five years. What is the accounting rate of return associated with the equipment investment? O 7.9% 9.7% 17.3% O 12.1%