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Cardinal Pharmacy has purchased a small auto for delivery of prescriptions. The auto cost $28,000 ...

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Cardinal Pharmacy has purchased a small auto for delivery of prescriptions. The auto cost $28,000 ...

Cardinal Pharmacy has purchased a small auto for delivery of prescriptions. The auto cost $28,000 and will be usable for four years. Delivery of prescriptions (which the pharmacy has never done before) should increase revenues by at least $40,000 per year. The cost of these prescriptions will be about $30,000 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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Tram N.

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More solutions for this book are available here

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badd99 Author

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Thanks

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