Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pierre's hair salon is considering opening a new l

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

90.2K

Verified Solution

Question

Accounting

image

Pierre's Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $270,000. A new salon will normally generate annual revenues of $65,850, with annual expenses (including depreciation) of $39,900. At the end of 15 years the salon will have a salvage value of $76,000. Calculate the annual rate of return on the project. (Round answer to O 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

Finance
1.2K views

You are considering two independent projects. The required rate of return is 13.75 percent for Project A...

Mechanical Engineering
1.2K views

Q2. Two kilograms of air within a piston-cylinder configuration execute a Carnot power cycle between temperatures...

Biology
1.2K views

To determine if a plant with purple flowers is homozygous PP or heterozygous Pp for...

Physics
1.2K views

SolveLancer Test Suppose a planet x has g 20 m s and planet y has...

Basic Math
1.2K views

The function A(s) that you wrote to model area is a quadratic function.The shape that...

Accounting
1.2K views

Which of the following statements about tax deductions is true? A taxpayer is allowed...

Accounting
1.2K views

The general ledger of AXM, Inc., provides the following information relating to purchases...

Accounting
1.2K views

Corn Doggy, Inc. produces and sells corn dogs. The corn dogs are dipped by hand....

Accounting
1.2K views

Accounting
1.2K views

Your company has 100 units in inventory, purchased at $16 per unit. These units have...

Accounting
1.2K views

t24 Milar Corporation makes a product with the following standard costs: ...

Accounting
1.2K views

A machine can be purchased for $220,000 and used for five years, yielding the following...