This assignment pertains to the following article: Thomas L. Barton and John B. MacArthur, "The New Hue of Green for the Management Accountant," Strategic Finance (March2011), pp. 36-41. The article focuses on investment in energy-renewal projects and the role of the management accountant in the evaluation of those investments. The article uses as the basis of discussion the actual investment decision (wind turbine investment for Jiminy Peak Mountain Resort) faced by a ski resort located in western Massachusetts.
1. According to the authors of the article, what was the managerial question (that is, decision) facing management of Jiminy Peak Mountain Resort?
2. List the major relevant costs and cost savings (financial benefits) associated with the investment decision proposal you identified above in 1.
3. Describe any nonfinancial benefits or considerations associated with the proposed investment.
4. According to the authors, what primary role can management accountants play in terms of evaluating capital investment proposals, similar to the one faced by the management of Jiminy Peak Mountain Resort?