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....

60.1K

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

Other questions asked by students

Physics
1.2K views

Two converging lenses (f1 = 9.40 cm and f2 = 5.50 cm) are separated by 17.9 cm. The lens...

Physics
1.2K views

You have been called to testify as an expert witness in a trial involving a head-on...

Biology
1.2K views

9881 O P O CH NH H H O P O CH O HH H...

Basic Math
1.2K views

What is the best technique for avoiding highway hypnosis when driving Moving your eyes to...

Basic Math
1.2K views

In the year 2019, 14% of the college students said they didn't like their roommate....

Calculus
1.2K views

ffe e 6 1 2 x 2cxy y b k and c are constants

Calculus
1.2K views

10 10 points Find the following SM cos 1 dt 1 a lim 0 x...

Calculus
1.2K views

1 Determine the approximate radian measure 252 2 Determine the approximate degree measure to the...

Algebra
1.2K views

Find all the real fourth roots of 0.0081. Choose all that apply.Select one or more:a....

Accounting
1.2K views

Caber Corporation applies manufacturing overhead on the basis of machine-hours. At the beginning of the...

Accounting
1.2K views

Divison Co. prepared the following contrituition format income stafement tased on a sales volume of...

Finance
1.2K views

A stock is expected to pay a year-end dividend of $2.00, i.e., D1 = $2.00....