Jason Corporation Has Invested in a Machine That Cost $80,000

question 60

Multiple Choice

Jason Corporation has invested in a machine that cost $80,000, that has a useful life of eight years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a payback period of five years. Given these data, the simple rate of return on the machine is closest to:

• A)6.8%
• B)7.5%
• C)9%
• D)12%

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Definitions:

Violent Protest

A form of protest or demonstration that involves physical force or aggression towards people or property as a means to advocate for or against a cause.

Police Power

The capacity of a state to regulate behaviors and enforce order within its territory, typically for the protection of health, safety, welfare, and morals of the community.

Populist Party

A political party in the United States in the late 19th century that advocated for the interests of average citizens, farmers, and workers.

Third Parties

Political parties that operate alongside the primary two parties in a two-party system, often influencing specific issues or ideological spectrums.