Answer: The market was busy and full of people selling words. There were crowds of people pushing and shouting. There were huge wooden wheeled carts.
Answer:
He is writing to white Christians with the power to stop the slave trade
Explanation:
Olaudah Equiano was a notable Nigerian sold into slavery and taken to the Caribbean and then to London.
In his memoirs, he recounts how he wrote to white Christians who had the power to stop the slave trade but could not stop it because so many people were benefitting from the trade.
The treatment of slaves were inhuman and debasing as they were whipped deprived of food made to move about naked, and a lot of other injustice.
Hence, his letter was directed to white Christians who could stop the slave trade.
Based on the projected net incomes and cost of purchasing the equipment, the average accounting rate of return is 12.5%.
<h3>How can we find the average accounting rate of return?</h3>
This can be found as:
= Average cashflows / Average investment
Average cashflows are:
= (7,200 + 11,300 + 14,100 + 20,000) / 4
= $13,150
Average investment is:
= 210,000 / 2
= $105,000
The average accounting rate of return is:
= 13,150 / 105,000
= 12.5%
The new equipment should not be bought if the required AAR is 12% because it would be less than the AARR.
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