Question : 26) The method that measures the time it will take : 1186171

Accounting

26) The method that measures the time it will take to recoup, in the form of cash inflows, the total dollars invested in a project is called

A) the accrued accounting rate of return method.

B) payback.

C) internal rate of return method.

D) the book-value method.

E) the NPV.

27) The net initial investment for a new mainframe computer is $2,000,000. Annual cash flows are expected to increase by $800,000 per year. The equipment has a 10-year useful life.

What is the payback period?

A) 4.00 years

B) 2.50 years

C) 2.00 years

D) 1.75 years

E) 0.75 years

28) Problems encountered when the payback method is used may include

A) it is only useful when future cash flows are certain.

B) it promotes long-term projects.

C) it neglects the time value of money.

D) it emphasizes short-term projects.

E) it is easy to use.

29) Which of the following is false concerning the Payback method of capital budgeting?

A) It uses the accrual accounting rate of return.

B) The payback method highlights liquidity.

C) Its major strength is that it that it is easy to use.

D) It does not project cash flows after the recovery of the initial investment.

E) Shorter payback periods give an organization more flexibility.

30) A company is considering two different purchases from a vendor, for a high-speed photocopier. The regular model costs $4,500 and the deluxe model costs $6,100. The company has projected cash savings of $800 for the first year, and then $850 annually thereafter for the regular model, but the vendor is claiming that the deluxe model is $400 cheaper per year to operate than the regular model. What are the payback periods for the Regular and Deluxe models, respectively?

A) 4.88 years; 5.63 years

B) 5.08 years; 5.29 years

C) 5.29 years; 4.88 years

D) 5.29 years; 5.63 years

E) 5.35 years; 4.92 years

31) An accounting measure of income divided by an accounting measure of investment is called

A) accrual accounting rate of return.

B) bailout payback.

C) book-value method.

D) rate of return on assets method.

E) net previous value.

32) A rental company replaces its heavy drilling machine every four years (no salvage value). It is contemplating acquiring a larger machine, at a cost of $70,000, which is guaranteed to last for seven years. The current machine can be traded-in for a $3,000 down payment on the new machine, and the company expects annual savings in operating costs of $15,000.

What is the AARR for the new machine?

A) 2.86%

B) 6.85%

C) 7.14%

D) 20.55%

E) 21.43%

33) Return on investment (ROI) is also known as

A) internal rate of return.

B) accrual accounting rate of return.

C) payback.

D) net present value.

E) time-adjusted rate of return.

34) Alberta Ltd. is considering the purchase of new machinery which costs $147,800. The machine is expected to save $42,300 in operating costs annually for the next 7 years. By how much can the annual cost savings fall (to the nearest hundred dollars) and still provide a 16% return? Ignore income taxes.

A) $5,700

B) $36,600

C) $21,200

D) $42,300

E) $0

35) Saturn Ltd. wants to automate one of its production processes. The new equipment will cost $180,000. In addition, Saturn will incur installation and testing costs of $5,000 and $8,500 respectively. The expected life of the equipment is 8 years and the salvage value of the equipment is estimated at $18,000. The annual cash savings are estimated at $32,000. The company’s required rate of return is 14%. Ignore income taxes. What is the net present value of this investment?

A) ($25,246)

B) $80,500

C) ($11,746)

D) ($45,056)

E) ($38,746)

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July 1, 2023

Padlet https://padlet.com/ is based on cards and you can add images and maps

LucidSpakr or Miro https://miro.com/ and JamBoard https://jamboard.google.com/?pli=1 allow you to do a sort of notes, images etc into categories

1. Final Test Plan:

What do you want to measure with your testing? (Note – how good is my interface is not a specific enough question!)
What tasks will you ask the user to perform so that you will be able to measure participant’s responses and help answer your questions?
Decide how you want the user to share their feedback. Will they:
think aloud, and/or
fill out a questionnaire, and/or
complete a post-test interviews, and/or

o all of the above.

Prepare an outline that includes:

What is the question you are asking? How can you measure this?
How the user test will be run,
Written instructions that you will read to the users, and
Any other materials (e.g. questionnaires, interview questions) that will be used during the session.

Check out the resources for usability testing

Krug has a range of pdf's & docs for downloading
User Focus provides a plan on a page approach which you will need to use in your Deliverable 3 - document here

According to the International Standards Organisation ISO 9241-11, usability is defined as the:

'extent to which a product can be used by specified users to achieve specified goals with effectiveness,

efficiency and satisfaction in a specified context of use.'

. View the Usability Standard and explore the definitions section.

What are the elements of usability and
How are they defined?

2. Scan the brief article by Bevan (2009) International Standards for Usability Should Be More Widely Used

discover some of the standards that inform software usability
what are the problems and benefits of implementing standards.
a brief summary of Information technology standards are outlined by the US National Institute of Standards and Technology (NIST): Project: Usability Standards

3. Finally, a Common Industry Format has been developed to report usability issues in software:

Online Testing

Tools exist online for testing eg

Usability Hub and Optimizely

What does the SUS do and how could it be useful to your prototype?
What aspect of usability does it focus on?
Would this tool be useful for Deliverable 4? How?
Would you need to adapt the tool to your context of use?
What advice does the academic article provide regarding adapting the tool?

sing the DECIDE framework plan your user study. Write up using the plan on a page template below.

1. As a group, decide what aspect of your prototype would benefit from an alternative design. Create a paper or functional wireframe prototype for this.

2. Check if you covered Behavioural and Attitudinal aspects, and use Quantitative and Qualitative

3. What data is Subjective, what is Objective? What is the importance of each?

3. Carry out a pilot study as a team to test your plan (this should include the alternative screens)

4. As a team adjust your plan (if necessary based on your pilot study experience)

Use tools like the System Usability Scale to measure feedback and write up template

5. All team members to conduct a user study or test. (upload individual studies to the submission discussion board or OneDrive

6. Look at user testing online to collect good data for you analysis

https://app.usabilityhub.com/ or https://www.optimizely.com/anz/

7. Collate the results from all user studies and create a set of findings from your research

8. Analyse Results: Taking your qualitative and quantitative data, analyse to features of your design and what should be improved.

9. Submit to Learnline:

your plan and prototype deadlines
your individual user studies (including video links)
your team analysis, and a list of changes to be implemented

As a team

What did you want to find out about your prototype from users? Make sense of your data.

1. Assemble all the data you individually collected for Deliverable #4. This should include your observation notes, videos, photos and any other information documented during the test.

2. Individually share your findings. As each member discusses what happened, the team leader should designate someone as scribe to keep notes of the findings.

3. Review your findings. What are the common themes emerging from the user testing?

4. As a group, decide:

what did your users think worked (functionality wise) with your prototype
what did your users think didnt work (functionality wise) with your prototype
was your second design more effective than the original ideas you have
what changes need to be made to the prototype

5. Write up your findings. This should include your group's summary and the individual work from each member acknowledged

7. Submit user results to the discussion board on Learnline if you want ideas for analysis

Adding Visuals

Collating results so farOur results so far

The visual aspect of your app should match what you have learnt about the users. Be inclusive of different users and their preferences, consider visual disabilities and stay with the design pattern you have developed
You will need to put sample videos where you have videos, and make sure you have sample text where that would be needed. The users being tested need to understand what you see as the information (visual and written) that will be on each page.
Read some references on the approach to visual design . A visual designer is an extension of graphical design considering user interface aspects.
Focus on the five principles of visual design:
1. Scale
2. Visual hierarchy
3. Balance
4. Contrast
5. Gestalt
6. Read what these refer to.