Homework Help: Managerial Accounting

Posted by Dovey on Thursday, December 14, 2006 at 10:15am.

17.Pid has invested in a machine that cost $70,000, that has a useful life of seven years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a payback period of four years. Given these data, the simple rate of return on the machine is closest to:
A)7.1%.
B)8.2%.
C)10.7%.
D)39.3%

No one has answered this question yet.

Answer this Question

Related Questions

Simple Rate of Return - 17.Pid has invested in a machine that cost $70,000, that...
Simple Rate of Return - (Ignore income taxes in this problem.) Dum Luk & ...
Managerial Accounting - John has invested in a machine that cost $70,000, that ...
finance - Nucore Company is thinking of purchasing a new candy-wrapping machine ...
accounting - On January 1, 2006, Powell Company purchased a building and ...
Accounting - ABC company purchased machine for $300,000 that had a useful life ...
accounting - On January 1, 2004, Carnival Shipping bought a machine for $1,500,...
accounting - How do i calculate this problem. An asset was purchased for $150,...
Accounting - I am trying to figure out if I am doing this accounting problem ...
accounting - A company purchased a machine on January 1 of the current year for...

For Further Reading

First Name:
School Subject:
Answer: