Answer:
Follows are the solution to the given points:
Explanation:
In point a:
Formula:
In point b:
Formula:
In point c:
Formula:
In point d:
Formula:
In point e:
Formula:
Suppose Poornima is an avid reader and buys only comic books. Poornima deposits $3,000 in a bank account that pays an annual nom
1 answer:
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Answer:
So, accounting rate of return = 33 %
Explanation:
given data
net income after tax = $179,850
initial cost = $545,000
time = 7 year
salvage value = $34,000
we will get here the accounting rate of return
solution
as we know that accounting rate of return is express as
accounting rate of return = Net income ÷ initial investment .................1
put here value and we get
accounting rate of return =
So, accounting rate of return = 33 %