True......................................
Answer:
Annual rate of return of building a new salon 15%.
Explanation:
We have Annual rate of return = Average Annual Profit / Average Investment;
in which: Average Annual Profit = Average annual revenues - Average annual expenses (including depreciation) = 68,500 - 41,200 = $27,300 ( because annual revenues and annual expenses including depreciation are estimated at the same level through out 15 years of the new salon's useful life).
Average investment = (Original investment + Net book value at the end of investment) /2 = ( 286,000 + 78,000) /2 = $182,000 ( because Net book value at the end of investment is equal to Estimated salvage value at the end of the salon useful life).
Thus, Annual rate of return = 27,300 / 182,000 = 0.15 = 15%.
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Explanation:
The consumer won't want to buy cassettes because most music players are cd players if not even that. Plastic, time, money, and labor would be wasted.
