Swift Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $133,500 and will increase annual expenses by $76,000 including depreciation. The oil well will cost $449,000 and will have a $11,000 salvage value at the end of its 10-year useful life. Calculate the annual rate of return. (Round answer to 0 decimal places, e. g. 13%.) Annual rate of return
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Swift Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $133,500 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Assume kia has developed a new product idea to launch a midsize pickup. currently, kia is developing a prototype and working on projected costs, revenues, and profit potential. kia is currently at what stage of the new product development process?
Answers (1)
Which of the following contracts would not be governed by the UCC? a. a contract for dentures b. a contract for the purchase of an Arabian horse c. a contract for the purchase of an oil painting for $550 d.
Answers (1)
You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $7,000 per year, beginning immediately. You will make 3 deposits in an account that pays 5.2% interest.
Answers (1)
An inferior good is one that: a. is of low quality or not very durable b. gets poor reviews from objective, independent evaluators c. no consumers are willing to buy d. experiences decreased demand when income increases
Answers (1)
About four months ago, 16-year-old amanda went on a drastic diet that caused her to drop from her normal weight of 120 pounds to less than 90 pounds. although her weight is dangerously low, she continues to undereat because she thinks she looks fat.
Answers (1)
New Questions in Business
If it takes 40 hours to complete the first unit and the company knows from experience that the learning rate should be 0.80, how fast can they be expected to finish all twelve units? 289 hours 18 hours 264 hours 316 hours
Answers (1)
In year 1, Kris purchased a new home for $200,000 by making a down payment of $150,000 and financing the remaining $50,000 with a loan, secured by the residence, at 6 percent. As of January 1, year 4, the outstanding balance on the loan was $40,000.
Answers (1)
Which financial statement is prepared first?
Answers (2)
Ace Inc. is evaluating two mutually exclusive projects-Project A and Project B. The initial investment for each project is $50,000.
Answers (1)
How is solving the problem of organizing protistan diversity a model for understanding the process of science?
Answers (1)