Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company buys a machine for $60,000 that has an e

A company buys a machine for $60,000 that has an expected life of 9 years...

60.1K

Verified Solution

Question

Accounting

A company buys a machine for $60,000 that has an expected life of 9 years and no salvage value. The company anticipates a yearly net income of $2,850 after taxes of 30%, with the cash flows to be received evenly throughout each year. What is the accounting rate of return?

2.85%.

42.75%.

4.75%.

6.65%.

9.50%.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

A large supermarket carries four qualities of ground beef. Customers are believed to purchase these four...

Biology
1.2K views

A ________ is a normal defense mechanism meant to combat pathogen infection in a variety of...

Biology
1.2K views

age however the couple decided to have genetic tests done to know if their child...

Physics
1.2K views

M I about its axis of rotation is 2 Kg m 2 7 Calculate the...

Basic Math
1.2K views

You are a computer technician for Data Control You earn a regular hourly rate of...

Basic Math
1.2K views

Solve each inequality graph the solution and give interval notation Use U capital u as...

Basic Math
1.2K views

11 If the universal set U a c b d e f g h i...

Algebra
1.2K views

Find the sum of the first 18 terms for the arithmetic series S18 5 8...

Algebra
1.2K views

3 Will Barrow wanted to know how tall the flagpole was in front of his...

Accounting
1.2K views

Question Nike has decided to take on a...

Accounting
1.2K views

Quick Step Company is debating the use of direct labor cost or direct labor hours...

Accounting
1.2K views

Pepper, Inc., an S corporation in Norfolk, Virginia, has revenues of $450,000, taxable interest of...