Question
Han Corporation purchased a new machine for $110,000. The following annual sales and expenses related to the new machine are projected as: Sales$120,000Cash Expenses$88,000Depreciation$22,000 The
Han Corporation purchased a new machine for $110,000. The following annual sales and expenses related to the new machine are projected as:
Sales$120,000Cash Expenses$88,000Depreciation$22,000
The simple rate of return for the new machine is closest to:
a.9.1%
b.11.0%
c.49.1%
d.29.1%
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
