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Katena32 [7]
3 years ago
15

Lazar Corporation is evaluating a proposal to invest in a machine costing $89,000. The machine has an estimated useful life of t

en years, and an estimated salvage value of $14,000. The machine will increase the company's net income by approximately $9,600 per year. All revenue and expenses other than depreciation will be received and paid in cash.
Required:
1. The expected rate of return on average investment of the machine is ____________.
a. 10.0%
b. 48.0%
c. 17.0%
d. 18.6%
Business
1 answer:
tatuchka [14]3 years ago
6 0

Answer:

Option D is correct

Expected rate of return = 18.6%

Explanation:

The expected rate of return is the proportion of average investment that is earned as income . It is calculated as follows:

Rate of return on investment = average return / Average investment

Average investment = (Initial cost + salvage value)/ 2

Average investment = 89,000 +14,000/ 2= 51500

Net income = $9,600

Expected rate of return =  9,600/51,500×  100

                               = 18.6%

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Answer:

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Explanation:

Asset ratio is  a business tool used to measure the efficiency of assets towards sales generation by comparing net sales to average total assets.

It is calculated by dividing the net sales by average total assets.

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