Thanda Company invested $7,500,000 in a new product line. The life cycle of the product is projected
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Thanda Company invested $7,500,000 in a new product line. The life cycle of the product is projected to be seven years with the following net income stream: $300,000, $300,000, $500,000, $900,000, $1,000,000, $2,100,000, and $1,200,000.
Required:
Calculate the accounting rate of return.
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0176530884
2nd Canadian edition
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
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