ACCCB543 Competency 1, 2, 3 Assessment: Managerial Accounting and Legal Aspects of Business – Homework Solution
ACCCB543 Competency 1 Assessment and Rubric
Course Title: Managerial Accounting and Legal Aspects of Business
Competency Assessment Title: Net Present and Internal Rate of Return
Assignment Directions
Review the scenario and complete the activity below. This scenario can also be found in the “Problems – Series A” section 10-19A of Ch. 10, “Planning for Capital Investments” of Fundamental Managerial Accounting Concepts.
Dwight Donovan, the president of Donovan Enterprises, is considering 2 investment opportunities. Because of limited resources, he will be able to invest in only one of them.
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Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of four years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $400,000 and for Project B are $160,000. The annual expected cash inflows are $126,000 for Project A and $52,800 for Project B.
Both investments are expected to provide cash flow benefits for the next four years. Donovan Enterprises’ desired rate of return is 8 percent. Your task, as Senior Accountant, is to use your knowledge of net present value and internal rate of return to identify the preferred method and best investment opportunity for the company and present your results to Dwight Donovan.
Use Excel®—showing all work and formulas—to compute the following:
- The net present value of each Round your computations to 2 decimal points.
- The approximate internal rate of return for each project. Round your rates to 6 decimal.
Create an 8- to 10-slide presentation showing the comparison of the net present value approach with the internal rate of return approach that you calculated.
Complete the following in your presentation: ACCCB543 Competency 1
- Analyze the results of the net present value calculations and the significance of these results, supported with
- Determine which project should be adopted based on the net present value approach and provide rationale for your
- Analyze the results of the internal rate of return calculation and the significance of these results, supported with
- Determine which project should be adopted based on the internal rate of return approach and provide rationale for your
- Determine the preferred method in the given circumstances and provide reasoning and details to support the method
- Synthesize results of analyses and computations to determine the best investment opportunity to recommend to the president of Donovan. ACCCB543 Competency 1
- Enterprises and provide rationale for your
- Include detailed speaker
Competency Assessment Rubric ACCCB543 Competency 1
| Assignment/Performance Criteria | Mastery 100% | Meets Expectations 85% | Not Met 0% |
| 1. Computations
(weight 30%) |
Showed formulas, formulas were completely correct, showed all calculation details, and calculations were completely correct, resulting in completely accurate interpretations. | Showed formulas, formulas were partially correct, showed some calculation details and calculations are partially correct resulting in inaccurate interpretations. | Showed formulas, formulas were not correct, showed some calculation details and calculations are not correct resulting in inaccurate interpretations or did not show formulas or did not show calculation details. |
| 2. Net Present Analysis (weight 8%) | Thoroughly analyzed results of the net present value calculation; showed the significance of results from a creative and innovative perspective; examples thoroughly supported the analysis. | Partially analyzed results of the net present value calculation; partially showed the significance of results; examples mostly supported analysis. ACCCB543 Competency 1 | Narrowly analyzed results of the net present value calculation; narrowly showed significance of results; examples minimally supported analysis or did not analyze the results of the net present value calculation; did not analyze significance of results; did not include examples to support analysis. |
| 3. Net Present Value Approach Decision
(weight 8%) |
Determined which project should be adopted based on the new present value approach and provided a thorough, creative, and innovative rationale to support decision. | Determined which project should be adopted based on the new present value approach and provided a partial rationale to support decision. | Determined which project should be adopted based on the new present value approach and provided a narrow rationale to support decision or did not determine which project should be adopted based on the new present value approach or did not provide a rationale to support decision. |
| 4. Internal Rate of Return Analysis
(weight 8%) |
Thoroughly analyzed the results of the internal rate of return calculation; showed the significance of results from a creative and innovative perspective; examples thoroughly supported analysis. | Partially analyzed the results of the internal rate of return calculation; partially showed the significance of results; examples mostly supported analysis. ACCCB543 Competency 1 | Narrowly analyzed results of the internal rate of return calculation; narrowly showed the significance of results; examples partially supported analysis or did not analyze results of the internal rate of return calculation; did not analyze significance of results; did not provide examples to support analysis. |
| Assignment/Performance Criteria | Mastery 100% | Meets Expectations 85% | Not Met 0% |
| 5. Internal Rate of Return Approach Decision
(weight 8%) |
Determined which project should be adopted based on the internal rate of return approach and provided a thorough, creative, and innovative rationale to support decision. | Determined which project should be adopted based on the internal rate of return approach and provided a partial rationale to support decision. | Determined which project should be adopted based on the internal rate of return approach and provided a narrow rationale to support decision or did not determine which project should be adopted based on the internal rate of return approach or did not provide a rationale to support decision. |
| 6. Preferred Method Decision
(weight 18%) |
Determined the preferred method for the given circumstances and provided thorough, creative, and innovative reasons and details to support decision. | Determined the preferred method for the given circumstances and provided partial reasons and details to support decision. | Determined preferred method for given circumstances and provided narrow reasons and details to support decision or did not determine preferred method for given circumstances or did not provide reason and details to support decision. |
| 7. Best Investment Opportunity Recommendation
(weight 20%) |
Thoroughly synthesized the results of analyses and computations from a creative and innovative perspective to determine the best investment opportunity to recommend to the president of Donovan Enterprises. | Partially synthesized the results of analyses and computations to determine the best investment opportunity to recommend to the president of Donovan Enterprises. | Narrowly synthesized the results of analyses and computations to determine the best investment opportunity to recommend to the president of Donovan Enterprises or did not synthesize the results of analyses and computations to determine the best investment opportunity to recommend to the president of Donovan Enterprises. |
ACCCB543 Competency 2 Assessment and Rubric
Course Title: Managerial Accounting and Legal Aspects of Business
Competency Assessment Title: Flexible Budget ACCCB543 Competency 1
Assignment Directions
Review the scenario and complete the activity below. This scenario can also be found in the “Problems – Series A” section 8-19A of Ch. 8, “Performance Evaluation,” of Fundamental Managerial Accounting Concepts.
Use Excel®—showing all work and formulas—to complete the following: ACCCB543 Competency 1
- Prepare a flexible
- Compute the sales volume variance and the variable cost volume variances based on a comparison between the master budget and the flexible budget.
- Compute flexible budget variances by comparing the flexible budget with the actual
Mr. Snow was extremely upset with the budget deficit. He immediately called you, the treasurer, to complain about the budget variance for the meal cost. He told you that the added dessert caused the meal cost to be $4,810 ($25,110 – $20,300) over budget. He added, “I could expect a couple hundred dollars one way or the other, but several thousand is totally unacceptable. At the next budget meeting of the budget committee, I want you to explain what happened.”
Create a 6- to 8-slide presentation for the budget committee meeting showing your findings and recommendations from your computations.
Complete the following in your presentation:
- Summarize the results of the sales volume and variable cost volume variances computations based on the comparison between the master budget and the flexible budget. ACCCB543 Competency 1
- Summarize the results of the flexible budget variances computations based on the comparison between the flexible budget and the actual
- Justify the favorable or unfavorable budget
- Since this is a not-for-profit organization, address why anyone should be concerned with meeting the
- Make recommendations for what can be done differently to stay on budget for future Provide specific examples to support your recommendations.
- Include detailed speaker
Competency Assessment Rubric ACCCB543 Competency 1
| Assignment/Performance Criteria | Mastery 100% | Meets Expectations 85% | Not Met 0% |
| 1. Flexible Budget
(weight 15%) |
Created a flexible budget in Excel, showing all work and formulas, and all calculations are correct. | Created a flexible budget in Excel, showing most work and formulas, and most calculations are correct. | Created a flexible budget in Excel, showing minimal work and formulas, and some calculations are correct or did not create a flexible budget. |
| 2. Sales Volume and Cost Volume Variances
(weight 15%) |
In Excel, all components of the computations of the sales volume and variable cost volume variances based on a comparison between the master budget and the flexible budget were correct. | In Excel, most components of the computations of the sales volume and variable cost volume variances based on a comparison between the master budget and the flexible budget were correct. | In Excel, some components of the computations of the sales volume and variable cost volume variances based on a comparison between the master budget and the flexible budget were correct did not compute the sales volume and variable cost volume variances based on a comparison between the master budget and the flexible budget. |
| 3. Flexible Budget Variance
(weight 15%) |
In Excel, computation of flexible budget variances based on comparison between the flexible budget with the actual results was completely correct. | In Excel, computation of flexible budget variances based on comparison between the flexible budget with the actual results was mostly correct. | In Excel, computation of flexible budget variances based on comparison between the flexible budget with the actual results was somewhat correct or did not compute flexible budget variances based on comparison between the flexible budget with the actual results. |
| 4. Results: Sales Volume and Variable Cost Volume Variances
(weight 10%) |
Thoroughly summarized the results of the sales volume and variable cost volume variances computations based on a comparison between the master budget and flexible budget from a creative and innovative perspective. | Partially summarized the results of the sales volume and variable cost volume variances computations based on a comparison between the master budget and flexible budget. | Narrowly summarized the results of the sales volume and variable cost volume variances computations based on a comparison between the master budget and flexible budget or did not summarize the results of the sales volume and variable cost volume variances computations based on a comparison between the master budget and flexible budget. |
Learn how to solve FINCB571 Competency 1.
| Assignment/Performance Criteria | Mastery 100% | Meets Expectations 85% | Not Met 0% |
| 5. Results: Flexible Budget Variances
(weight 10%) |
Thoroughly summarized the results of the flexible budget variances computations based on a comparison between the flexible budget and actual results from a creative and innovative perspective. | Partially summarized the results of the flexible budget variances computations based on a comparison between the flexible budget and actual results. ACCCB543 Competency 1 | Narrowly summarized the results of the flexible budget variances computations based on a comparison between the flexible budget and actual results or did not summarize the results of the flexible budget variances computations based on a comparison between the flexible budget and actual result. |
| 6. Justified Budget Variances
(weight 10%) |
Thoroughly justified the favorable or unfavorable budget variances from a creative and innovative perspective. | Partially justified the favorable or unfavorable budget variances. | Narrowly justified the favorable or unfavorable budget variances or did not justify the favorable or unfavorable budget variances. |
| 7. Meeting the Budget (weight 10%) | Thoroughly discussed why someone should be concerned with a not-for-profit organization meeting the budget from a creative and innovative perspective. | Partially discussed why someone should be concerned with a not-for-profit organization meeting the budget. | Narrowly discussed why someone should be concerned with a not-for-profit organization meeting the budget or did not discuss why someone should be concerned with a not-for-profit organization meeting the budget. |
| 8. Recommendations
(weight 15%) |
Provided thorough, creative, and innovative recommendations for staying on and supported all recommendations with examples. | Provided partial recommendations for staying on budget and supported most recommendations with examples. | Provided narrow recommendations for staying on budget and supported some recommendations with examples or did not provide recommendations for staying on budget. |
ACCCB543 Competency 3 Assessment and Rubric
Course Title: Managerial Accounting and Legal Aspects of Business
Competency Assessment Title: WF Framework ACCCB543 Competency 1
Assignment Directions
Refer to section “The WH Framework for Business Ethics” of Ch. 2, Business Ethics of Dynamic Business Law for information on the WH Framework.
For this assignment, refer to the scenario located in the “Questions & Problems” section of Ch. 2, “Business Ethics” in Dynamic Business Law. This scenario involves Steven J. Trzaska, the head of L’Oréal USA’s regional patent team, and ethical rules and core values of the company.
Read the scenario in the textbook and complete the following activity.
Create a WH Framework chart, similar to Exhibit 2.2. Refer to L’Oréal’s core values and the primary values in Exhibit 2.3 to determine the guidelines to include in the WH Framework. ACCCB543 Competency 1
Write an explanation of how you decided on the list of stakeholders and guidelines to include in your WH Framework. Address the following questions in your explanation:
- Which stakeholders did Trzaska and the management of L’Oréal cater to? Why?
- What values did L’Oréal’s management choose when they made the decision to fire Trzaska? Why?
Address the following self-reflection questions in addition to your explanation: ACCCB543 Competency 1
- How did the WH Framework help you analyze the situation?
- Now that you’ve put together the framework, how does the WH Framework help managers with making business decisions?
- What type of decisions would the WH Framework chart help you make as a manager?
ACCCB543 Competency 3 Rubric
Competency Assessment Rubric ACCCB543 Competency 1
| Assignment/Performance Criteria | Mastery 100% | Meets Expectations 85% | Not Met 0% |
| 1. WF Framework Chart (weight 10%) | Created a WH Framework chart that included a comprehensive, creative, and innovative list of stakeholders and guidelines. | Created a WH Framework chart that included a partial list of stakeholders and guidelines. | Created a WH Framework chart that included a narrow list of stakeholders and guidelines or did not create a WH Framework chart. |
| 2. Relevant Stakeholders
(weight 20%) |
Thoroughly explained the stakeholders that Trzaska and L’Oréal’s management catered to and why from a creative and innovative perspective. | Partially explained stakeholders that Trzaska and L’Oréal’s management catered to and why. | Narrowly explained or did not explain the stakeholders that Trzaska and L’Oréal’s management catered to and why. ACCCB543 Competency 1 |
| 3. Values
(weight 20%) |
Thoroughly explained the values L’Oréal’s management chose when they made the decision to fire Trzaska and why from a creative and innovative perspective. | Partially explained the values L’Oréal’s management chose when they made the decision to fire Trzaska and why. | Narrowly explained the values L’Oréal’s management chose when they made the decision to fire Trzaska and why or did not explain values L’Oréal’s management chose when they made the decision to fire Trzaska. |
| 4. Analysis: WH Framework
(weight 15%) |
Thoroughly discussed how the WH Framework helped to analyze the situation from a creative and innovative perspective. ACCCB543 Competency 1 | Partially discussed how the WH Framework helped to analyze the situation. | Narrowly discussed how the WH Framework helped to analyze the situation or did not discuss how the WH Framework helped to analyze the situation. |
| 5. Business Decisions: WH Framework
(weight 15%) |
Thoroughly discussed how the WH Framework helped with making business decisions from a creative and innovative perspective. | Partially discussed how the WH Framework helped with making business decisions. | Narrowly discussed how the WH Framework helped with making business decisions or did not discuss how the WH Framework helped with making. ACCCB543 Competency 1 |
| 6. Manager Decision- Making: WH Framework
(weight 20%) |
Thoroughly discussed the types of decisions the WH Framework would help a manager make from a creative and innovative perspective. | Partially discussed the types of decisions the WH Framework would help a manager make. | Narrowly discussed the types of decisions the WH Framework would help a manager make or did not discuss the types of decisions the WH Framework would help a manager make. |
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