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Hello, hope all is well. It is from my Homework in Accounting Mangerial. Thank you. The production department is proposing the purchase of an...
Hello, hope all is well. Can you please check my work. It is from my Homework in Accounting Mangerial. Thank you.
The production department is proposing the purchase of an automatic insertion machine. It has identified three machines and has asked the accountant to analyze them to determine the best average rate of return. Which machine has the best average rate of return?
Machine AMachine BMachine CEstimated average annual income$47,767.30$77,046.60$70,981.50Average investment$341,195.00$256,822.00$473,210.00
a.Machine C
b.Machine A or B
c.Machine B
d.Machine A
My answer was C machine B. i did use average investment .
