Marty Neilson has just invested $130,000 in a restaurant that will provide him with an annual income

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Marty Neilson has just invested $130,000 in a restaurant that will provide him with an annual income of $7700. He expects to hold the investment for 8 years. What is the accounting rate of return (as a percentage)?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Posted Date: May 19, 2023 12:35 AM

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Marty Neilson has just invested $130,000 in a restaurant that will provide him with an annual income

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Intermediate Accounting

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