A piece of laborsaving equipment has just come onto the market that Mitsui Electronics, Ltd., could use to reduce costs in one of its plants in Japan. Relevant data relating to the equipment follow: $ 484,500 Purchase cost of the equipment Annual cost savings that will be provided by the equipment Life of the equipment $85,000 12 years Required: 1-a. Compute the payback period for the equipment. Payback Period Choose Numerator: Choose Denominator: Payback Period Payback period %D years 1-b. If the company requires a payback period of four years or less, would the equipment be purchased? Yes No 2-a. Compute the simple rate of return on the equipment. Use straight-line depreciation based on the equipment's useful life. Simple Rate of Return Choose Numerator: Choose Denominator: Simple Rate of Return Simple rate of return % II II II

A piece of laborsaving equipment has just come onto the market that Mitsui Electronics, Ltd., could use to reduce costs in one of its plants in Japan. Relevant data relating to the equipment follow: $ 484,500 Purchase cost of the equipment Annual cost savings that will be provided by the equipment Life of the equipment $85,000 12 years Required: 1-a. Compute the payback period for the equipment. Payback Period Choose Numerator: Choose Denominator: Payback Period Payback period %D years 1-b. If the company requires a payback period of four years or less, would the equipment be purchased? Yes No 2-a. Compute the simple rate of return on the equipment. Use straight-line depreciation based on the equipment's useful life. Simple Rate of Return Choose Numerator: Choose Denominator: Simple Rate of Return Simple rate of return % II II II

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
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