The CFO of The Fun Factory is investigating the possibility of investing in a three-dimensional printer that would cost $20,000. The printer would eliminate the need to have prototypes of new toys be produced by a third party. The cost of having the prototypes manufactured by the third party is about $8,000 per year. The printer would have a useful life of five years with no salvage value with expected annual operating costs of $3,000 per year.<\/p>
<\/p>
Required:<\/em><\/strong><\/p> Compute the simple rate of return on the printer.<\/p> <\/p> Simple rate of return ?%<\/p>",
"transcribed_text": "",
"related_book": {
"title": "Auditing Cases An Active Learning Approach",
"isbn": "0130674842, 978-0130674845",
"edition": "2nd Edition",
"authors": "Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt",
"cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/64ed8a8041add_6938.jpg",
"uri": "\/textbooks\/abnormal-psychology-clinical-perspectives-on-psychological-disorders-1st-edition-9781266566899",
"see_more_uri": ""
},
"free_related_book": {
"isbn": "3642416594",
"uri": "\/textbooks\/in-search-of-elegance-in-the-theory-and-practice-of-computation-essays-dedicated-to-peter-buneman-2013-edition-978-3642416590-299221",
"name": "In Search Of Elegance In The Theory And Practice Of Computation Essays Dedicated To Peter Buneman",
"edition": "2013 Edition"
},
"question_posted": "2024-06-28 08:35:27",
"see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01",
"step_by_step_answer": "The Answer is in the image, click to view ...",
"students_also_viewed": [
{
"url": "\/road-gripper-tire-co-manufactures-automobile-tires-standard-costs-and",
"description": "Road Gripper Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 4,160 tires were as...",
"stars": 3
},
{
"url": "\/study-help\/introduction-to-probability-statistics\/if-x-has-a-binomial-distribution-with-parameters-n-and-1983351",
"description": "If X has a binomial distribution with parameters n and p, then the random variable Y = n X also has a binomial distribution with parameters n and p.",
"stars": 3
},
{
"url": "\/a-treasury-bond-futures-contract-has-a-settlement-price-of",
"description": "A Treasury bond futures contract has a settlement price of 8908. What is the implied annual yield?",
"stars": 3.5
},
{
"url": "\/study-help\/questions\/use-the-following-information-for-shafer-company-to-compute-inventory-9883034",
"description": "Use the following information for Shafer Company to compute inventory turnover for year 2 Net sales Cost of goods sold Ending inventory Year 2 $649,500 388,900 78,100 Year 1 $583,300 360,880 79, 780...",
"stars": 3.5
},
{
"url": "\/study-help\/questions\/on-june-30-the-board-of-directors-of-sandals-8919947",
"description": "On June 30 , the board of directors of Sandals, Incorporated, declares a 2 -for-1 stock split on its 16,000,$1 par, common shares. The market price of Sandals common stock is $21 on June 30. What are...",
"stars": 3.5
},
{
"url": "\/study-help\/questions\/jones-day-care-is-a-notforprofit-organization-that-provides-day-1000180",
"description": "Jones Day Care is a Not-For-Profit organization that provides day services for children with disabilities. The following contributions (and expenses) were received by Jones Day Care during the year...",
"stars": 3.5
},
{
"url": "\/study-help\/questions\/1-print-the-top-3-rows-2-print-the-column-685494",
"description": "1. Print the top 3 rows. 2. Print the column names. 3. Sort data by Edition (year) in descending order and show the top 10 rows. 4. Select the columns of Edition and Athlete for Women 100m freestyle...",
"stars": 3.5
},
{
"url": "\/study-help\/questions\/62-estimate-horizontal-and-vertical-tail-sizes-for-a-twinturboprop-1024030",
"description": "6.2 Estimate horizontal and vertical tail sizes for a twin-turboprop regional transport with wing area of 40 m, aspect ratio of 10, taper ratio of 0.5, leading-edge sweep of 5 deg, and tail moment...",
"stars": 3.5
},
{
"url": "\/study-help\/questions\/1-jane-wants-to-set-aside-funds-to-take-an-1000231",
"description": "1. Jane wants to set aside funds to take an around the world cruise in four years. Assuming that Jane has $20,000 to invest today in an account expected to earn 6% per annum, how much will she have...",
"stars": 3.5
},
{
"url": "\/study-help\/questions\/can-you-show-that-the-nondimensionally-power-of-hydraulic-machines-1023882",
"description": "Can you show that the non-dimensionally, power of hydraulic machines as P 3D5 e D2 D'wD",
"stars": 3.5
}
],
"next_back_navigation": {
"previous": "\/study-help\/questions\/headlandcorporation-had-2020-net-income-of-809000-during-2020headlandpaid-a-4275607",
"next": "\/study-help\/questions\/current-ratio-2-working-capital-aed-400000-capital-block-to-4275609"
},
"breadcrumbs": [
{
"name": "Study help",
"link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers"
},
{
"name": "Business",
"link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business"
},
{
"name": "Accounting",
"link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting"
},
{
"name": "The CFO of The Fun Factory is investigating the possibility of investing",
"link": "https:\/\/www.solutioninn.com\/study-help\/questions\/the-cfo-of-the-fun-factory-is-investigating-the-possibility-4275608"
}
],
"skill_details": {
"skill_id": "9",
"skill_name": "Accounting",
"parent_id": "1"
}
} }
}