A company is evaluating three possible investments. Each uses the straightminusline method of depreciation. Following information is provided by the company: Project A Project B Project C Investment $ 228 comma 000 $ 54 comma 000 $ 228 comma 000 Residual value 0 16 comma 000 30 comma 000 Net cash inflows: Year 1 66 comma 000 36 comma 000 100 comma 000 Year 2 66 comma 000 27 comma 000 70 comma 000 Year 3 66 comma 000 23 comma 000 80 comma 000 Year 4 66 comma 000 20 comma 000 40 comma 000 Year 5 66 comma 000 0 0 What is the accounting rate of return for Project B? (Round your answer to two decimal places.)

the accounting rate of return for Project B is 74.29 % (2.dp)

Explanation:

Accounting Rate of Return = Average Profit/Average Investment × 100

Average Profit for Project B

Average Profit = Sum of Profit/Number of Years

                        = (36,000+27,000+23,000+20,000)/4

                        = 106,000 / 4

                        =  26,000

Average Investment for Project B

Average Investment = (Initial Investment + Scrap Value) / 2

                                  = (54,000 +16,000) / 2

                                  = 35,000

Accounting Rate of Return for Project B

Accounting Rate of Return = 26,000/35,000 × 100

                                            = 74.29 % (2.dp)

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.