A company buys a machine for $70,000 that has an expected life of 6 years and no salvage value. The company anticipates a yearly net income of $3,300 after taxes of 30%, with the cash flows to be received evenly throughout each year. What is the accounting rate of return?
a. 9.43%.
b. 28.29%.
c. 4.71%.
d. 6.60%.
e. 2.83%.
Answers: 2
Business, 22.06.2019 04:00
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Business, 22.06.2019 11:40
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Business, 22.06.2019 21:50
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A company buys a machine for $70,000 that has an expected life of 6 years and no salvage value. The...
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