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Pierre's Hair Salon is considering opening a new location in French
Lick, California. The cost of building a new salon is $300,000. A new
salon will normally generate annual revenues of $70,000, with annual
expenses (including depreciation) of $41,500. At the end of 15 years
the salon will have a salvage value of $80,000.
Instructions
Calculate the annual rate of return on the project.
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ACC 560 Week 8 Quiz 6 (Chapter 11)
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ACC 560 Week 8 Quiz 6 (Chapter 11)
Question 1
If actual direct materials costs are greater than standard direct
materials costs, it means that
Question 2