Crowl Corporation is investigating automating a process by purchasing a machine for $792,000 that would have a 9 year useful life and no salvage value. By automating the process, the company would save $132,000 per year in cash operating costs. The new machine would replace some old equipment that would be sold for scrap now, yielding $21,000. The annual depreciation on the new machine would be $88,000. The simple rate of return on the investment is closest to (Ignore income taxes.):
A. 16.7%
B. 5.1%
C. 11.1%
D. 5.7%
Answer: D
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Historically, the primary emphasis for the sales force was on increasing the volume of sales transactions.
Answer the following statement true (T) or false (F)
Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Account TitleDr. Cr.Cash$80,000? Accounts receivable 35,000? Prepaid insurance 14,200? Equipment 290,000? Accumulated depreciation-Equipment $145,000? Land 114,000? Accounts payable 36,000? Interest payable 7150? Unearned revenue 10,700? Long-term notes payable 87,000? Retained earnings 247,350? Totals$533,200? $533,200?
A. 2.30. B. 2.12. C. 0.42. D. 2.40. E. 2.14.
Which of the following is true about trends in wholesaling?
A) New laws prevent wholesalers from having their own retailing operations. B) Value-added customer relationships have been replaced by control systems. C) Merchant wholesalers are decreasing in number and relevance. D) The demand for lower prices and higher quality has increased. E) Bulk breaking is increasingly popular and necessary.
Give an example of an intangible abstract concept in service promotion
What will be an ideal response?