Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. blue marlin company is considering the purchase of

Blue Marlin Company is considering the purchase of new equipment for its factory. It will...

60.1K

Verified Solution

Question

Accounting

Blue Marlin Company is considering the purchase of new equipment for its factory. It will cost $257,000 and have a $51,400 salvage value in five years. The annual net income from the equipment is expected to be $28,270, and depreciation is $41,120 per year. Calculate Blue Marlins annual rate of return and payback period for the equipment. (Do not round intermediate calculations. Round your Payback Period to 2 decimal places.)

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

Geometry
1.2K views

1 In the diagram above of AJKL JL 7 KL 2 Determine the following ratios...

General Management
1.2K views

(1) How do you take a brand global? (2) What new markets has Lenovo entered? (3) Why...

Biology
1.2K views

the utations in each of the mutants are recessive or dominant you creted partial diploid...

Physics
1.2K views

Find the electric field at a distance from a linear plus charge with a constant...

Physics
1.2K views

In figure 6 9 a microwave transmitter a height a above the water level of...

Algebra
1.2K views

Find the sum of the finite geometric series 2 2 1

Algebra
1.2K views

Simplest form 54

Accounting
1.2K views

Given the following fuzzy numbers and using Zadeh's extension principle, calculate K = I. J...

Accounting
1.2K views

On June 30, Year 3, Jordan Company's total current assets were $503,000 and its total...

Accounting
1.2K views

Please show work and explain for all 3 questions so I can learn. Thank You!!!!!...

Accounting
1.2K views

20 19 18 17 16 15 14 13 12 11 10 9 B 7 6...

Finance
1.2K views

Question 2 (70%) Many entities worldwide assess and document their internal control systems on a...