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anyanavicka [17]
4 years ago
9

A company is planning to purchase a machine that will cost $29,400 with a six-year life and no salvage value. The company uses s

traight-line depreciation. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine?
Sales............................................................................ $117000
Cost:
Manufacturing...................................... $52,000
Depreciation on machine...................... 4900
Selling and administrative expenses..... 39,000 96,800
Income before Tax....................................................... 20,200
Income Tax(40%)......................................................... 8080
Net Income..................................................................$12,120

a. 6.00 years
b. 4.85 years.
c. 2.43 years.
d. 173 years.
Business
1 answer:
GrogVix [38]4 years ago
6 0
It might be a:6.00 years
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Answer:

$19,462

Explanation:

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5 0
3 years ago
Which one of the following would not be considered an advantage of the corporate form of organization?a. Limited liability of ow
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Answer:

Disadvantage of Corporate Form of Organization:

d. Government regulation

Explanation:

In recent times, government regulation of businesses appears to be regarded as a disadvantage of the corporate form of organizations.  Governments intervene and regulate corporate entities whenever they fail to be self-regulatory.  But, the regulations may appear to be so much that the corporate form of organization now looks like a disadvantage.  Given the many corporate scandals, collapses, and misapplications of resources by corporate entities that have become the order of the day, government regulation is very important.  Without government regulation, many corporate bodies will not be acting in the public interest.  This is more so with public entity corporate organizations with diverse stakeholders and corporate managers who act as if they were running their own autonomous governments.

5 0
4 years ago
The balance sheet of Flo's Restaurant showed total assets of $320,000, liabilities of $88,000 and stockholders’ equity of $282,0
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Answer:

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Therefore, goodwill is $425,000 - $277,000

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The correct answer is A; Change in project scope.

Further Explanation:

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Learn more about project scopes at brainly.com/question/13234457

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3 0
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