an Enterprises is a manufacturer of miniature fittings and valves. Over a 9 year period, the costs associated with one p
Posted: Thu May 19, 2022 10:15 am
an Enterprises is a manufacturer of miniature fittings and
valves. Over a 9 year period, the costs associated with one product
line were as follows: first cost of $57,500 and annual costs of
$31,200. Annual revenue was $47,300 and the used equipment was
salvaged for $13,000. What rate of return did the company make on
this product?
valves. Over a 9 year period, the costs associated with one product
line were as follows: first cost of $57,500 and annual costs of
$31,200. Annual revenue was $47,300 and the used equipment was
salvaged for $13,000. What rate of return did the company make on
this product?