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O'Mally Department Stores Is Considering Two Possible Expansion Plans

question 131

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O'Mally Department Stores is considering two possible expansion plans.One proposal involves opening 5 stores in Indiana at the cost of $1,920,000.Under the other proposal,the company would focus on Kentucky and open 6 stores at a cost of $2,500,000.The following information is available:
O'Mally Department Stores is considering two possible expansion plans.One proposal involves opening 5 stores in Indiana at the cost of $1,920,000.Under the other proposal,the company would focus on Kentucky and open 6 stores at a cost of $2,500,000.The following information is available:   The accounting rate of return for the Kentucky proposal is closest to A) 10.32%. B) 11.09%. C) 10.00%. D) 20.00%.
The accounting rate of return for the Kentucky proposal is closest to

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Definitions:

Garnished

Refers to having a portion of one’s earnings or assets seized for the purpose of debt repayment, typically by court order.

Writ Of Execution

A writ of execution is a court order that authorizes the enforcement of a judgment, typically involving the seizure or sale of the debtor's property.

Judgment

A final decision made by a court regarding the rights and obligations of the parties in a case.

Secured Interest

An interest in property (either personal or real) that secures payment or performance of an obligation.

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