How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask F. Naz Your Own Question
F. Naz
F. Naz, B.Com
Category: Multiple Problems
Satisfied Customers: 5316
Experience:  have completed B.Com and CA Finalist
20040807
Type Your Multiple Problems Question Here...
F. Naz is online now
A new question is answered every 9 seconds

A company purchases a machine for $800,000. The machine has

Customer Question

A company purchases a machine for $800,000. The machine has an expected life of 9 years and no salvage value. The company anticipates a yearly after-tax net income of $60,000 to be received uniformly throughout each year. What is the accounting rate of return?
JA: The Tutor can help you get an A on your homework or ace your next test. Is there anything else the Tutor should be aware of?
Customer: no
JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Tutor about your situation and then connect you two.
Submitted: 1 year ago.
Category: Multiple Problems
Expert:  F. Naz replied 1 year ago.
60000/800000 = .075 or 7.5% Please rate the answer so I get credit for my efforts, thanks.

Related Multiple Problems Questions