What rate of return per month will an entrepreneur make over a 2½-year project period if he invested $150,000 to produce portable 12-volt air compressors? His monthly costs are $27,000 and his revenues are $33,000.
What will be an ideal response?
0 = -150,000 + (33,000 – 27,000)(P/A,i*,30)
(P/A,i*,30) = 25.0000
i* = 1.2% per month (interpolation or spreadsheet)
You might also like to view...
An SBS-modified bitumen membrane may consist of two plies of SBS-modified bitumen sheets, applied with hot mopping of asphalt. What is the difference between the two sheets?
What will be an ideal response?
Describe the mathematical equation and variables used to define the residence time of a system.
What will be an ideal response?
Pistons are connected to the crankshaft using connecting rods and ____________________.
Fill in the blank(s) with the appropriate word(s).
To find the volume of a cylinder, it is necessary to:
A) Multiply the diameter by the height. B) Measure the circumference. C) Find the volume of the circle forming base. D) Calculate the area of the circle forming the base.