AirPac Packaging Systems Are Used to Create Airtight Packages for Meat

question 25

Essay

AirPac packaging systems are used to create airtight packages for meat and cheese products.The AirPac system is more expensive to use but guarantees reducing packaging reject costs by half.The cost for the AirPac system is $15,300.A company that purchased it experienced a net savings of $5,100 during its first year of usage.Calculate the return on investment (ROI).

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Definitions:

Attendance

The act of being present at a particular place or event, often measured to assess participation or interest.

Number

A mathematical object used to count, measure, and label.

Persons

Individuals or human beings, often considered in legal, social, or personal contexts.

Long-Run Equilibrium

A state in economic analysis where all factors of production are variable, leading to companies operating at their most efficient level and no further economic profits in a perfectly competitive market.