Answer: B: 2.87
The percent formula is Y = P% * X
Y = 2.87% * 3204
p = 2.87/100 = 0.0287
Y = 0.0287 * 3204
Y = 91.9548 (Closest Answer)
There are 52 weeks a year
In 2 years there are 104 weeks
Total paid
35×104=3,640
markup rate
((3,640−2,400)÷2,400)×100=51.7%
It's b
The answer to this question is c. Hope I was able to help
We can solve
this problem by first calculating the annual net cash inflow. This can be
solved by remembering that:
Payback period
= Initial investment<span> / Annual net
cash inflow</span>
<span>
6 years = $75,000
/ Annual net
cash inflow
<span>
Therefore,
Annual net
cash inflow = $12,500
Next, we
calculate for the cost. The cost we will consider here is the depreciation
value of the machine.
Annual depreciation
= $75,000 / 15 years = $5,000
Therefore the annual net operating income is:
Annual net operating income = $12,500 - $5,000 = $7,500
Simple rate of
return is calculated by:
Simple rate of
return = Annual net operating income / Initial
investment
Simple rate of
return = $7,500 / <span>
$75,000 = 0.1 = 10%</span></span></span>
