Wk4 DQ – Financial Management Discussion Question 4

Wk4 DQ – Financial Management Discussion Question 4 – CLO 1, CLO 2, CLO 3, CLO 4, CLO 5

Please answer each of the following questions in detail and provide in-text citations in support of your argument. Include examples whenever applicable. Make sure to provide examples for each of the questions below.

Describe and explain the significance of each of the following: payback period, internal rate of return (IRR), modified internal rate of return (MIRR), net present value (NPV), and profitability index (PI). Explain. Provide examples for better clarity.
Discuss the notions of conventional and nonconventional cash flows in capital budgeting. Which investment evaluation criteria would you use for unconventional cash flows and why? Provide a fictitious unconventional cash flow example and apply the payback period, NPV, IRR, MIRR, and PI methods to your example. Interpret the results.

Provide your explanations and definitions in detail and be precise. Comment on your findings. Provide references for content when necessary. Provide your work in detail and explain in your own words. Support your statements with peer-reviewed in-text citation(s) and reference(s).

Note:

1. Define the words in your own words. Do not directly quote from the textbook.

2. Need to write at least 2 paragraphs

3. Need to include the information from the textbook as the reference.

4. Need to include at least 2 peer-reviewed articles as the reference.

5. Need to provide examples whenever applicable.

6. Please find the related PowerPoint and textbook in the attachment.

7. Please answer each of the following questions in detail and provide in-text citations in support of your argument. Include examples whenever applicable.

8. Please find the Course Learning Outcome list of this course in the attachment

Textbook Information:

Ross, S. A., Westerfield, R. W., & Jordan, R. D. (2018). Fundamentals of corporate finance (12th ed.). McGraw-Hill

ISBN: 9781259918957 Financial &
managerial
Accounting

John J. Wild

Ken W. Shaw

Barbara Chiappetta

5th
edition

information
for decisions

5th
edition

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ISBN 978-0-07-802560-0
MHID 0-07-802560-5

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The integrated solutions for Wild’s Financial and Managerial
Accounting 5e have been proven to help you achieve your
course goals of improving student readiness, enhancing
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of content. Known for its engaging style, the Wild solution
employs the use of current companies, LearnSmart, and
instant feedback on practice problems to help students
engage with course materials, comprehend the content, and
achieve higher outcomes in the course.

McGraw-Hill’s adaptive learning component, LearnSmart,
provides assignable modules that help students master core
concepts and come to class more prepared.

In addition, Interactive Presentations deliver learning
objectives in an interactive environment, giving students
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Finally, our new Intelligent Response Technology-based
content offers students an intelligent homework experience
that helps them stay focused on learning instead of
navigating the technology.

McGraw-Hill LearnSmart™
is an adaptive learning program
that identifies what an individual
student knows and doesn’t know.
LearnSmart’s adaptive learning path
helps students learn faster, study
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Intelligent Response Technology (IRT)
is Connect Accounting’s new student

interface for end-of-chapter assessment
content. Intelligent Response Technology

provides a general journal application
that looks and feels more like what you
would find in a general ledger software

package, improves answer acceptance to
reduce student frustration with formatting

issues (such as rounding), and, for
select questions, provides an expanded

table that guides students through
the process of solving the problem.

Connect Accounting’s Interactive
Presentations teach each chapter’s
core learning objectives and
concepts through an engaging,
hands-on presentation, bringing
the text content to life. Interactive
Presentations harness the full
power of technology to truly
engage and appeal to all learning
styles. Interactive Presentations are
ideal in all class formats—online,
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FEATURES

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The integrated solutions for Wild’s Financial and Managerial
Accounting 5e have been proven to help you achieve your
course goals of improving student readiness, enhancing
student engagement, and increasing their comprehension
of content. Known for its engaging style, the Wild solution
employs the use of current companies, LearnSmart, and
instant feedback on practice problems to help students
engage with course materials, comprehend the content, and
achieve higher outcomes in the course.

McGraw-Hill’s adaptive learning component, LearnSmart,
provides assignable modules that help students master core
concepts and come to class more prepared.

In addition, Interactive Presentations deliver learning
objectives in an interactive environment, giving students
access to course-critical content anytime, anywhere.

Finally, our new Intelligent Response Technology-based
content offers students an intelligent homework experience
that helps them stay focused on learning instead of
navigating the technology.

McGraw-Hill LearnSmart™
is an adaptive learning program
that identifies what an individual
student knows and doesn’t know.
LearnSmart’s adaptive learning path
helps students learn faster, study
more efficiently, and retain more
knowledge.

Intelligent Response Technology (IRT)
is Connect Accounting’s new student

interface for end-of-chapter assessment
content. Intelligent Response Technology

provides a general journal application
that looks and feels more like what you
would find in a general ledger software

package, improves answer acceptance to
reduce student frustration with formatting

issues (such as rounding), and, for
select questions, provides an expanded

table that guides students through
the process of solving the problem.

Connect Accounting’s Interactive
Presentations teach each chapter’s
core learning objectives and
concepts through an engaging,
hands-on presentation, bringing
the text content to life. Interactive
Presentations harness the full
power of technology to truly
engage and appeal to all learning
styles. Interactive Presentations are
ideal in all class formats—online,
face-to-face, or hybrid.

Get Connected.

FEATURES

PROVEN EFFECTIVE

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Lecture Capture

eBooks

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Get Engaged.

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eBooks

Connect Plus includes a
media-rich eBook that allows
you to share your notes with

your students. Your students can
insert and review their own notes,

highlight the text, search for
specific information, and interact

with media resources. Using an
eBook with Connect Plus gives your
students a complete digital solution

that allows them to access their
materials from any computer.

Make your classes available anytime,
anywhere. With simple, one-click
recording, students can search for a
word or phrase and be taken to the
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need to review.

Financial and
Managerial Accounting

John J. Wild
University of Wisconsin at Madison

Ken W. Shaw
University of Missouri at Columbia

Barbara Chiappetta
Nassau Community College

INFORMATION FOR DECISIONS

5thedition

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FINANCIAL AND MANAGERIAL ACCOUNTING: INFORMATION FOR DECISIONS, FIFTH EDITION
Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New
York, NY, 10020. Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Printed in the United States
of America. Previous editions © 2011, 2009, and 2007. No part of this publication may be reproduced or distributed in any
form or by any means, or stored in a database or retrieval system, without the prior written consent of The McGraw-Hill
Companies, Inc., including, but not limited to, in any network or other electronic storage or transmission, or broadcast for
distance learning.

Some ancillaries, including electronic and print components, may not be available to customers outside the United States.

This book is printed on acid-free paper.

1 2 3 4 5 6 7 8 9 0 DOW/DOW 1 0 9 8 7 6 5 4 3 2

ISBN 978-0-07-802560-0
MHID 0-07-802560-5

Senior Vice President, Products & Markets: Kurt L. Strand
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& Markets: Brent Gordon
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To my students and family, especially Kimberly, Jonathan, Stephanie, and Trevor.
To my wife Linda and children, Erin, Emily, and Jacob.
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Library of Congress Cataloging-in-Publication Data
Wild, John J.
Financial and managerial accounting: information for decisions / John J. Wild, University of

Wisconsin at Madison, Ken W. Shaw, University of Missouri at Columbia, Barbara Chiappetta,
Nassau Community College.—5th edition.

pages cm
Includes index.
ISBN 978-0-07-802560-0 (alk. paper)—ISBN 0-07-802560-5 (alk. paper)
1. Accounting. 2. Managerial accounting. I. Shaw, Ken W. II. Chiappetta, Barbara. III. Title.
HF5636.W674 2013
658.15911—dc23

2012037525

All credits appearing on page or at the end of the book are considered to be an extension of the copyright page.

The Internet addresses listed in the text were accurate at the time of publication. The inclusion of a website does not indicate an
endorsement by the authors or McGraw-Hill, and McGraw-Hill does not guarantee the accuracy of the information presented at
these sites.

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iii

Adapting to the Needs of Today’s Students

Enhancements in technology have changed the spectrum of

how we live and learn in the world today. Being able to

download and work with learning tools on smart phones,

tablets, or laptop computers empowers students to drive their

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No two students are alike, and whether the goal is to

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and Managerial Accounting (FinMan) has helped generations

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FinMan also delivers innovative technology to help student

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level, delivering assessment material in a more intuitive, less

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Our new content features:

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that found in practice.

• an auto-calculation feature that allows students to focus on

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The end result is content that better prepares students for

the real world. Connect Accounting also includes digitally

based, interactive adaptive learning tools that provide an

opportunity to engage students more effectively by offering

varied instructional methods and more personalized learning

paths that build on different learning styles, interests, and

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McGraw-Hill LearnSmart™ is an intelligent learning system

that uses a series of adaptive questions to pinpoint each

student’s knowledge gaps. LearnSmart then provides an

optimal learning path for each student, so that they spend less

time in areas they already know and more time in areas they

don’t. The result is LearnSmart’s adaptive learning path that

helps students retain more knowledge, learn faster, and study

more efficiently.

Our Interactive Presentations teach each chapter’s core

learning objectives in a rich multimedia format, bringing the

content to life. Your students will come to class prepared

when you assign Interactive Presentations. Students can also

review the Interactive Presentations as they study.

Guided Examples provide students with narrated, animated,

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Connect Plus Accounting integrates a media-rich online

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“This is an excellent book that is well-written and contains excellent illustrations. It has the

best online supplements of any of the texts that I have reviewed. . . . This is an excellent

book that I would recommend to all of my colleagues.”
— KAREN CRISONINO, County College of Morris

Financial and Managerial Accounting, 5e

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JOHN J. WILD is a distinguished profes-
sor of accounting at the University of Wisconsin
at Madison. He previously held appointments at
Michigan State University and the University of
Manchester in England. He received his BBA, MS,
and PhD from the University of Wisconsin.

Professor Wild teaches accounting courses at
both the undergraduate and graduate levels. He
has received numerous teaching honors, includ-

ing the Mabel W. Chipman Excellence-in-Teaching Award, the depart-
mental Excellence-in-Teaching Award, and the Teaching Excellence
Award from the 2003 and 2005 business graduates at the University of
Wisconsin. He also received the Beta Alpha Psi and Roland F. Salmonson
Excellence-in-Teaching Award from Michigan State University. Professor
Wild has received several research honors and is a past KPMG Peat
Marwick National Fellow and is a recipient of fellowships from the
American Accounting Association and the Ernst and Young Foundation.

Professor Wild is an active member of the American Accounting
Association and its sections. He has served on several committees of
these organizations, including the Outstanding Accounting Educator
Award, Wildman Award, National Program Advisory, Publications, and
Research Committees. Professor Wild is author of Fundamental Accounting
Principles, Financial Accounting, Managerial Accounting, and College
Accounting, each published by McGraw-Hill/Irwin. His research articles on
accounting and analysis appear in The Accounting Review, Journal of
Accounting Research, Journal of Accounting and Economics, Contemporary
Accounting Research, Journal of Accounting, Auditing and Finance,
Journal of Accounting and Public Policy, and other journals. He is past
associate editor of Contemporary Accounting Research and has served on
several editorial boards including The Accounting Review.

In his leisure time, Professor Wild enjoys hiking, sports, travel, people,
and spending time with family and friends.

KEN W. SHAW is an associate professor
of accounting and the Deloitte Professor of
Accounting at the University of Missouri. He
previously was on the faculty at the University
of Maryland at College Park. He received an
accounting degree from Bradley University
and an MBA and PhD from the University of
Wisconsin. He is a Certified Public Accountant
with work experience in public accounting.

Professor Shaw teaches financial accounting at the undergraduate
and graduate levels. He received the Williams-Keepers LLC Teaching
Excellence award in 2007, was voted the “Most Influential Professor”
by three School of Accountancy graduating classes, and is a two-time
recipient of the O’Brien Excellence in Teaching Award. He is the advisor
to his School’s chapter of the Association of Certified Fraud Examiners.

Professor Shaw is an active member of the American Accounting
Association and its sections. He has served on many committees of
these organizations and presented his research papers at national and
regional meetings. Professor Shaw’s research appears in the Journal of
Accounting Research; Contemporary Accounting Research; Journal of
Financial and Quantitative Analysis; Journal of the American Taxation
Association; Strategic Management Journal; Journal of Accounting,
Auditing, and Finance; Journal of Financial Research; and other journals.
He has served on the editorial boards of Issues in Accounting Education
and the Journal of Business Research. Professor Shaw is co-author of
Fundamental Accounting Principles, Managerial Accounting, and College
Accounting, published by McGraw-Hill.

In his leisure time, Professor Shaw enjoys tennis, cycling, music, and
coaching his children’s sports teams.

About the Authors

BARBARA CHIAPPETTA received
her BBA in Accountancy and MS in Education
from Hofstra University and is a tenured full
professor at Nassau Community College. For
the past two decades, she has been an active
executive board member of the Teachers of
Accounting at Two-Year Colleges (TACTYC),
serving 10 years as vice president and as
president from 1993 through 1999. As an
active member of the American Accounting

Association, she has served on the Northeast Regional Steering
Committee, chaired the Curriculum Revision Committee of the Two-
Year Section, and participated in numerous national committees.
Professor Chiappetta has been inducted into the American Accounting
Association Hall of Fame for the Northeast Region. She had also

received the Nassau Community College dean of instruction’s Faculty
Distinguished Achievement Award. Professor Chiappetta was honored
with the State University of New York Chancellor’s Award for Teaching
Excellence in 1997. As a confirmed believer in the benefits of the
active learning pedagogy, Professor Chiappetta has authored Student
Learning Tools, an active learning workbook for a first-year accounting
course, published by McGraw-Hill/Irwin.

In her leisure time, Professor Chiappetta enjoys tennis and partici-
pates on a U.S.T.A. team. She also enjoys the challenge of bridge. Her
husband, Robert, is an entrepreneur in the leisure sport industry. She
has two sons—Michael, a lawyer, specializing in intellectual property
law in New York, and David, a composer, pursuing a career in music
for film in Los Angeles.

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Dear Colleagues/Friends,

As we roll out the new edition of Financial and Managerial Accounting, we thank

each of you who provided suggestions to improve our textbook. As teachers, we

know how important it is to select the right book for our course. This new edition

reflects the advice and wisdom of many dedicated reviewers, symposium and

workshop participants, students, and instructors. Our book consistently rates

number one in customer loyalty because of you. Together, we have created

the most readable, concise, current, accurate, and innovative accounting book

available today.

Throughout the writing process, we steered this book in the manner you direct-

ed. Reviewers, instructors, and students say this book’s enhanced presentation,

graphics, and technology cater to different learning styles and helps students

better understand accounting. Connect Plus Accounting offers new features to

improve student learning and to assist instructor teaching and grading. You and

your students will find all these tools easy to apply.

We owe the success of this book to you and other instructors who graciously

took time to help us focus on the changing demands of today’s students and

their learning needs. We feel fortunate to have witnessed our profession’s

extraordinary devotion to teaching. Your feedback and suggestions are reflected

in everything we write. Please accept our heartfelt thanks for your dedication in

helping today’s students learn, understand, and appreciate accounting.

With kindest regards,

John J. Wild Ken W. Shaw Barbara Chiappetta

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Adapting to the Needs of
McGraw-Hill Connect Plus Accounting is a complete online assignment, learning, and textbook assessment solution
that connects your students with the tools and resources needed to achieve success through faster learning, more
efficient studying, and higher retention of knowledge. Key features found in Connect Plus Accounting include:

Intelligent Response Technology Intelligent Response
Technology is Connect Accounting’s new student interface
for end-of-chapter assessment content. Intelligent Response
Technology provides a general journal application that looks and
feels more like what you would find in a general ledger software
package, improves answer acceptance to reduce student frustra-
tion with formatting issues (such as rounding), and, for select
questions, provides an expanded table that guides students
through the process of solving the problem.

“I love how the general journal was set up.
It felt like what I would be filling out if I had
an accounting job.”

—Student, Chabot Community College

“I like that this system was
formatted like real-world
accounting is.”
—Student, Rose State College

vi

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Today’s Students!

Connect Accounting helps students learn
more efficiently by providing feedback
and practice material when they need
it, where they need it. Connect grades
homework automatically and gives imme-
diate feedback on any questions students
may have missed.

“This system has improved the journal entry and T-account set-up processes to more
accurately resemble the way it is done in class.”

—Student, Tallahassee Community College

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Interactive Presentations Connect
Accounting’s Interactive Presentations
teach each chapter’s core learning objec-
tives and concepts through an
engaging, hands-on presenta-
tion, bringing the text content
to life. Interactive Presentations
harness the full power of tech-
nology to truly engage and
appeal to all learning styles.
Interactive Presentations are
ideal in all class formats—online,
face-to-face, or hybrid.

Adapting to the Needs of

Integrated eBooks Connect
Plus includes a media-rich eBook.
With it, you can share your notes
with your students, and they can
insert their own notes, highlight
the text, search for specific infor-
mation, and review their materials.
Using an eBook with Connect gives
your students a complete digital
solution that allows them to access
their materials from any computer.
And over time, as more and more
students use mobile devices, our
eBooks will even enable them to
learn on the go.

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Guided Examples Guided Examples
provide narrated, animated, and step-
by-step walkthroughs of algorithmic ver-
sions of assigned exercises in Connect
Accounting, allowing the student to iden-
tify, review, or reinforce the concepts and
activities covered in class. Guided Examples
provide immediate feedback and focus on
the areas where students need the most
guidance.

LearnSmart No two students are alike.
McGraw-Hill LearnSmart™ is an intelligent
learning system that uses a series of adaptive
questions to pinpoint each student’s knowl-
edge gaps. LearnSmart then provides an opti-
mal learning path for each student, so that
they spend less time in areas they already
know and more time in areas they don’t. The
result is that LearnSmart’s adaptive learning
path helps students retain more knowledge,
learn faster, and study more efficiently.

Student Resource Library
The Connect Accounting Student
Study Center gives access to addi-
tional resources such as recorded lec-
tures, online practice materials, an
eBook, and more.

Today’s Students!

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Simple Assignment Management and Smart Grading
With Connect Plus Accounting, creating assignments is easier than ever, so you can spend more time teaching
and less time managing. Connect Accounting enables you to:

• Create and deliver assignments easily with select end-of-chapter questions and test bank items.
• Go paperless with the eBook and online submission and grading of student assignments.
• Have assignments scored automatically, giving students immediate feedback on their work and side-by-

side comparisons with correct answers.
• Reinforce classroom concepts with practice tests and instant quizzes.

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