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Bied's Pharmacy has purchased a small auto for delivery of prescriptions. The auto cost $28,000 and ...

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Bied's Pharmacy has purchased a small auto for delivery of prescriptions. The auto cost $28,000 and ...

Bied's Pharmacy has purchased a small auto for delivery of prescriptions. The auto cost $28,000 and will be usable for seven years. Delivery of prescriptions (which the pharmacy has never done before) should increase revenues by at least $25,000 per year. The cost of these prescriptions will be about $18,000 per year. The pharmacy depreciates all assets by the straight-line method. (Ignore income taxes.)

Required:

a. Compute the payback period on the new auto.

b. Compute the simple rate of return of the new auto.

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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