Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. why is this wrong? please help initial investment-

why is this wrong? please help Initial investment-depreciable assets$39,000Initial investment-working capital6,000Net cash inflows from operations...

80.2K

Verified Solution

Question

Accounting

why is this wrong? please help

Initial investment-depreciable assets$39,000Initial investment-working capital6,000Net cash inflows from operations (per year for 6 years)9,000Disinvestment-depreciable assets3,000Disinvestment-working capital2,000

For parts b. and c., round answers to three decimal places, if applicable.

a. Determine the payback period. = answer 5yrs correct

b. Determine the accounting rate of return on initial investment Answer = 6.667 incorrect

c. Determine the accounting rate of return on average investment Answer = 0.12. correct

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

Biology
1.2K views

how to answer these 1.     Discuss the effects of population size on both theeventual fate of an...

Psychology
1.2K views

1) What are the three types of plagiarism discussed in the textbook? Please explain each of...

Psychology
1.2K views

Discussion Module 3: Prenatal Development and Birth. the chapters required for the Assignment  is chapter 3 in...

Psychology
1.2K views

5. What are telomeres? How does stress affect them? How can they be repaired?

Physics
1.2K views

If the length of second s hand in a clock is 4 cm the angular...

Geometry
1.2K views

3 7 17

Basic Math
1.2K views

Solve the given initial value problem y x dy P x y ex y 0...

Statistics
1.2K views

Consider this statistical test hypothesis pair HO p 2 3 Ha p 2 3 This...

Accounting
1.2K views

Exercise 17-6 Assigning overhead costs using the plantwide rate and departmental rate methods...

Accounting
1.2K views

is the journal entry to record record the re cently 3 Cash Treasury Stock 20,000...

Accounting
1.2K views

Capital Leases Implications

Accounting
1.2K views

The hardware of a computer system includes the computer itself and other devices that help...