A mass-production bagel factory is considering the purchase of a flash freezer to improve the quality of the raw dough it provides supermarket bakeries
The freezer costs $750,000 and would increase business revenues by $48,000 a year after all expenses besides interest are paid. If the interest rate is 7.8 percent, what is the freezer's annual profit rate? A) 7.8 percent.
B) 1.4 percent.
C) -1.4 percent.
D) 5.9 percent.
E) -5.9 percent.
C
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In the above figure, which point corresponds to an increase in technology?
A) Figure A B) Figure B C) Figure C D) Figure D
How do external costs prevent a competitive market from allocating resources efficiently?
What will be an ideal response?
The gambler's fallacy is
A) true in many games, such as flipping coins. B) a result of overconfidence. C) the false belief that past events affect current dependent outcomes. D) the false belief that past events affect current independent outcomes.
Government regulations to insure the safety of bank deposits and to control the money supply include
a. limitations on the types and quantities of assets in which banks may invest. b. elimination of the need for required reserves. c. setting interest rate ceilings on savings and money market deposit accounts. d. All of the above are correct.