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Question 165

Multiple Choice

(Ignore income taxes in this problem.) Jimba's, Inc., has purchased a new donut maker. It cost $20,000 and has an estimated life of 10 years. The following annual donut sales and expenses are projected:
(Ignore income taxes in this problem.) Jimba's, Inc., has purchased a new donut maker. It cost $20,000 and has an estimated life of 10 years. The following annual donut sales and expenses are projected: -The simple rate of return on the new machine is closest to: A) 15% B) 16.7% C) 25% D) 23.3%

-The simple rate of return on the new machine is closest to:


A) 15%
B) 16.7%
C) 25%
D) 23.3%

Correct Answer:

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