Swagelok Enterprises is a manufacturer of miniature fittings and valves. Over a 5-year period, the costs associated with one product line were as follows: first cost of $23,000, and annual costs of $18,000. Annual revenue was $25,000 and the used equipment was salvaged for $5,000. What rate of return did the company make on this product? What is the rate of return that the company made on the product?
Swagelok Enterprises is a manufacturer of miniature fittings and valves. Over a 5-year period, the costs associated with one product line were as follows: first cost of $23,000, and annual costs of $18,000. Annual revenue was $25,000 and the used equipment was salvaged for $5,000. What rate of return did the company make on this product? What is the rate of return that the company made on the product?
Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 46P
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Swagelok Enterprises is a manufacturer of miniature fittings and valves. Over a 5-year period, the costs associated with one product line were as follows: first cost of $23,000, and annual costs of $18,000. Annual revenue was $25,000 and the used equipment was salvaged for $5,000. What
What is the rate of return that the company made on the product?
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