Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 12-8 pierre's hair salon is considering o

Exercise 12-8 Pierre's Hair Salon is considering opening a new location in French Lick, California....

90.2K

Verified Solution

Question

Accounting

image

Exercise 12-8 Pierre's Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $260,000. A new salon will normally generate annual revenues of $56,800, with annual expenses (including depreciation) of $40,100. At the end of 15 years the salon will have a salvage value of $74,000 Calculate the annual rate of return on the project. (Round answer to 0 decimal places, e.g. 125.) Annual rate of return

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

3 points Changes in atmosphere are not the only changes that impact climate How can...

Biology
Q

Signatures Inc. specializes in producing personalized products such as coffee mugs and pens with company logos....

Operations Management
Q

What steps have you taken in presentation or public speaking situations to boost your confidence and...

Psychology
Q

A computer is programmed to shade in a sector of a pie chart 2 44...

Basic Math
Q

4 A function y f x is defined by the graph below Answer the following...

Basic Math
Q

Write the standard form of the equation of the circle with the given center and...

Basic Math
Q

Use the given information to find the p value Also use a 0 05 significance...

Statistics
Q

in 2022, tolliver's house burned down due to a presidentially declared natural disaster and all...

Accounting
Q

The following adjusted trial balance is prepared at fiscal year-end for Tok Tik Store (see...

Accounting
Q

The employees of Neat Clothes work Monday through Friday. Every other Friday the company issues...

Accounting
Q

Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 22,000...

Accounting
Q

The charter of a corporation provides for the issuance of 111,000 shares of common stock....

Accounting