Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. joey has a new project has an initial cost of $190

Joey has a new project has an initial cost of $190,000. The equipment will be...

60.1K

Verified Solution

Question

Accounting

Joey has a new project has an initial cost of $190,000. The equipment will be depreciated on a straight-line basis to a zero book value over the five-year life of the project. The projected net income each year is $17,000,$19,500, $21.500, $17,000, and $12,000, respectively. What is the average accounting return? O Round the percentage number to two decimals. E.g., if the answer is 12.3456%, type 12.35, and not 0.1235. image
Joey has a new project has an initial cost of $190,000. The equipment will be depreciated on a straight-line basis to a zero book value over the five-year life of the project. The projected net income each year is $17,000,$19,500,$21,500,$17,000, and $12,000, respectively. What is the average accounting return? - Round the percentage number to two decimals. E.g.. if the answer is 12.3456%, type 12.35 , and not 0.1235

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

Find the limit of the geometric series 200+50 +12.5+...

Statistics
1.2K views

A professional sports league claims that the average age of players in the league is 28...

Chemistry
1.2K views

How to identify the kinetic pathway or thermodynamic pathway based on example? Show 2 or 3...

Basic Math
1.2K views

Kamini, a student of the 1-Year post graduate program at the International School of Business and...

Biology
1.2K views

Why were so few violations of the Sherman Antitrust Act brought to court O Businesses...

Biology
1.2K views

Complete the following diagram with the best answer choice Demand pull O Prices O Recession...

Algebra
1.2K views

Give the equations of any vertical horizontal or oblique asymptotes for the graph of the...

Accounting
1.2K views

Sarah is the Head Cost Accountant for Hourglass Inc., a company that manufactures sand that...

Accounting
1.2K views

1) If you were to borrow 9,600 over five years at 0.14 compounded monthly, what...

Accounting
1.2K views

The sales level at which operating income is zero is called the breakeven point. ...

Accounting
1.2K views

A direct cost is: options: 1) a cost which cannot be influenced by its budget...

Accounting
1.2K views

A corrpany incurred the following costs associnted with the purthase of a peece of land...