Purvell Corporation has just acquired a new machine with the following characteristics (Ignore income taxes.): Cost of the equipment$50,000 Annual cash savings$15,000 Life of the machine 8yearsThe company uses straight-line depreciation and a $5,000 salvage value. Assume cash flows occur uniformly throughout a year except for the initial investment and the salvage at the end of the project.The simple rate of return would be closest to:
A. 30.0%
B. 18.75%
C. 17.5%
D. 12.5%
Answer: B
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Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000. They agree to salaries of $12,000 and $18,000 for Singer and McMann respectively and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will McMann's share of the income be if the income for the year was $15,000?
A) $6,000 B) $9,400 C) $12,600 D) $14,000
La'Shon is hoping to obtain a job in broadcasting and plans to send his résumé to a variety of media organizations. He should make his résumé as convincing as possible but should not send a video to avoid possible discrimination due to gender, ethnicity, or other characteristics
Indicate whether the statement is true or false
A manufacturer has decided to improve its inventory management by maintaining low inventory levels and waiting to purchase materials until right before they are needed in production. This inventory management technique is called
A. just-in-time (JIT). B. time management. C. inventory minimization. D. economic order quantity. E. reorder point maximization.
Which activity is performed during the implementation phase?
A. Build a help desk. B. Perform system maintenance. C. Build the database and programs. D. None of the above.