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A company is planning to purchase a machine that will cost $24,000, have a six-year life, and have no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. Total income over the life of the machine is estimated to be $12,000. The machine will generate cash flows per year of $6,000. The accounting rate of return for the machine is 16.7%.
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Businesses that operate through the internet to offer travel-related services such as hotel bookings, flight reservations, and vacation packages directly to consumers.
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Duties that the law requires an individual or entity to perform, which may arise from contracts, statutes, or regulations.
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An advisory group within the United Nations system that focuses on specific issues, such as human rights or trade.
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A body of rules, agreements, and conventions that governs the global exchange of goods, services, and intellectual property.
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