Robichau Incorporated Reported the Following Results from Last Year's Operations

question 12

Multiple Choice

Robichau Incorporated reported the following results from last year's operations: At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics:
The company's minimum required rate of return is 20%.The Return on investment for this year's investment opportunity considered alone is closest to:

• A) 51.0%
• B) 50.0%
• C) 10.0%
• D) 17.0%

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Definitions:

Conditional Sale Agreement

A contract for the sale of goods where the full price is payable in installments, and the ownership of the goods does not pass to the buyer until certain conditions, typically the payment of the final installment, are met.

Registered

Officially recorded or enrolled in a list or database by a recognized authority.

Seize

To take possession of something forcefully or by legal authority.

Landowner

An individual or entity that holds legal title to a piece of land or property.