Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. seattle, inc., is contemplating a project that cos

Seattle, Inc., is contemplating a project that costs $180,000. Expectations are that annual cash revenues...

60.1K

Verified Solution

Question

Accounting

Seattle, Inc., is contemplating a project that costs $180,000. Expectations are that annual cash revenues will be $70,000 and annual expenses (including depreciation) will total $30,000. The project has a six-year useful life and a residual value of $30,000. Assume Seattle Inc. uses straight-line method of depreciation. The accounting rate of return for the project is

  • A. 22.2%
  • B. 53.3 %
  • C. 38.1%
  • D. 66.7%

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

Accounting
1.2K views

For a construction contractor the wages of carpenters would be classified as a factory overhead cost.

Psychology
1.2K views

How important are factors such as age, education, race, ethnicity, social class, gender, and religion in...

Biology
1.2K views

Listen The evolution of a vascular system in plants allowe OA decreased height improved competition...

Basic Math
1.2K views

Use a graphing utility to find the x-intercepts of the graph of the function.y=x-9x-10Select the...

Basic Math
1.2K views

Stories in the World's Tallest Buildings The number of stories in each of a sample...

Accounting
1.2K views

At the end of 2019, Culver Company has $182,000 of cumulative temporary differences that will...

Accounting
1.2K views

Sigma Company produces three versions of a brass desk lamp: basic, custom, and deluxe. The...

Accounting
1.2K views

Candy Corporation Statement of Cash Flows for the Years Ended December 31 , 2019 and...

Finance
1.2K views

Sandhill Home Supply Company received proceeds of $780000 on 10-year, 9% bonds issued on January...

Accounting
1.2K views

Verilux Company sold merchandise to Flight Corp. on November 1, 2016, for $10,000. Verilux accepted...

Finance
1.2K views

this is marketing DETAILS: Marketing Strategies for Service Firms Selecting and training employees Companies must...

Finance
1.2K views

Better Burgers reported the following numbers (in millions) for the years ending February 2017 and...