(Ignore Income Taxes in This Problem

question 68

Multiple Choice

(Ignore income taxes in this problem.) 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:

DAVERAGE Function

A formula in spreadsheet software that calculates the average of selected database entries matching specified conditions.

Delete Table Rows

The action of removing one or more rows from a table in a database or spreadsheet, effectively eliminating all data contained within those rows.

Design Tab

A feature in software applications, such as Microsoft Office, providing access to tools for formatting, layout, and design adjustments.

Remove Duplicates

A function in software applications that scans a dataset or list for duplicate entries and deletes the duplicates to ensure each piece of data is unique.