As a manager, you are deciding on investing in a warehouse to deliver goods to local residential
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As a manager, you are deciding on investing in a warehouse to deliver goods to local residential places. You bought a new vehicle for $25,000 and you are told that the service life of the such a vehicle is generally 8 years. You visited some dealers locally and found that the annual cost of maintenance for your vehicle will be $1,500. Also, if you sell it after 8 years in a good condition, you can also earn $4,500. If the annual effective interest rate is 10%, what is the minimum annual revenue to justify your investment?
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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