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Leokris [45]
2 years ago
12

The management of Stanforth Corporation is investigating automating a process. Old equipment, with a current salvage value of $2

4,000, would be replaced by a new machine. The new machine would be purchased for $468,000 and would have a 6 year useful life and no salvage value. By automating the process, the company would save $161,000 per year in cash operating costs. The simple rate of return on the investment is closest to__________.
Business
2 answers:
julia-pushkina [17]2 years ago
7 0

Answer:

The simple rate of return on investment is 17.73%

Explanation:

The simple interest rate of return on the investment can be calculated by the formula given thus:

Simple rate of return=net income/investment

The net income =savings in operating costs less depreciation

Savings in operating costs =$161000

depreciation=cost -salvage value/number of years

Depreciation=468000-0/6=$78000

Net income=$161000-$78000

Net income=$83000

Simple rate of return =83000/468000

                                    =17.73%

madreJ [45]2 years ago
3 0

Answer:

Simple rate of return = 17.7%

Explanation:

Simple rate of return = incremental operating income ÷ initial investment

Depreciation = $468,000 ÷ 6years = $78,000

incremental operating income = $161,000-$78,000 =$83,000

Simple rate of return = $83,000÷$468,000=17.7%

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During a recent​ month, Canon Company planned to provide cleaning services to 30 customers for $ 26 per hour. Each job was expec
prisoha [69]

Answer:

$1,950 more than expected

Explanation:

In this question ,we have to compare the revenues based on expected and the actual

So, the expected revenues would be

= Number of customers × per hour rate × expected time spent

= 30 customers × $26 × 8 hours

= $6,240

And, the actual revenues would be

= Number of increased customers × per hour rate × average time spent

= 42 customers × $26 × 7.5 hours

= $8,190

The revenue is increased by

= $8,190 - $6,240

= $1,950 more than expected

This is the answer but the same is not provided in the given options

7 0
3 years ago
When the "invisible hand" guides economic activity, prices of products reflect______________.
FinnZ [79.3K]

Answer:

b) both the values that society places on those products and the costs to society of producing those products 

Explanation:

When the "invisible hand" guides economic activity, prices are known as equilibrium prices.

Equilibrium price is found where the demand curve intersects with the supply curve .

Equilibrium price is the price where both the value that society places on those products and the costs to society of producing those products are equal.

I hope my answer helps you

7 0
2 years ago
A politician is interested in implementing a statewide welfare reform program. By providing welfare recipients with extensive jo
Allisa [31]

Answer: (D) Efficiency

Explanation:

The evaluation of the efficiency is the process in which we concerned about the efficiency of system so that it produced the desirable result.

We can also evaluate the efficiency by using the ratio of the output of the system to the input in the form of quantitative and the qualitative.

According to the question, the researcher work is basically refers evaluation of the efficiency as the implementation of the welfare program and the researcher argues are basically based on the efficiency evaluation.

Therefore, Option (D) is correct.

8 0
2 years ago
Eric Patterson earns $82,000 a year. His monthly expenses total $5,400. What is the minimum amount of money that he should set a
slava [35]

Based on the amount earned and the monthly expenses, Eric should set aside <u>$16,200</u> for an emergency fund.

It is generally recommended that when settling cash aside for an emergency fund, the amount that one sets aside be 3 times their monthly expenses.

Eric's monthly expenses are $5,400 so the amount to be set aside should be:

= 5,400 x 3

= $16,200

In conclusion, Eric should set aside $16,200 for the emergency fund.

<em>Find out more at brainly.com/question/13420184. </em>

5 0
2 years ago
A gas station owner properly filed a breach of a noncompete clause in an employment contract case in federal court against a for
Leya [2.2K]

Answer:

No, because, while the Seventh Amendment gives both the plaintiff and defendant the right to demand a jury trial in civil actions, when a case presents both legal and equitable claims, the right is only preserved for all legal claims, not equitable claims.

Explanation:

Equitable claim is one that requests an injunction from a court. That is the court is asked to compel another party to either take an action or refrain from taking an action. The focus is to prevent a future harm.

A legal claim is one that where the plaintiff proves harm done against their person and he is seeking compensation for harm inflicted.

The Seventh Amendment gives parties the right to request a jury trial only on legal claims.

In the given scenario the case is one that is an equitable claim. The owner's complaint requested money damages and an injunction to stop the construction. This is done to stop breach of the non-compete.

As the Seventh Amendment only allows jury trial for legal claims, the former manager cannot demand a jury trial.

5 0
2 years ago
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