... and did you try to do something, there are some terms you don't understand?
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Mussina Company had an investment which cost $260,000 and had a salvage value at the end of its useful life of zero. If Mussina's expected annual net income is $15,000, the annual rate of return is:
Question 4 options:
11.5% 15% 5.8% 9.8%
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Question 5 (1 point)
Colaw Company is considering buying equipment for $80,000 with a useful life of five years and an estimated salvage value of $4,000. If annual expected income is $7,000, the denominator in computing the annual rate of return is
Question 5 options:
$40,000 $84,000 $80,000 $42,000