Rundle Painting Company is considering whether to purchase a new spray paint machine that costs $4,000. The machine is expected to save labor, increasing net income by $400 per year. The effective life of the machine is 15 years according to the manufacturer's estimate. Required a. Determine the unadjusted rate of return based on the average cost of the investment. (Enter your answer as a whole percentage (e.g. 0.55 should be entered as 55).) Unadjusted rate of return %

Rundle Painting Company is considering whether to purchase a new spray paint machine that costs $4,000. The machine is expected to save labor, increasing net income by $400 per year. The effective life of the machine is 15 years according to the manufacturer's estimate. Required a. Determine the unadjusted rate of return based on the average cost of the investment. (Enter your answer as a whole percentage (e.g. 0.55 should be entered as 55).) Unadjusted rate of return %

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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Concept explainers

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.

Question

please give me answer dont give answer in image format

Rundle Painting Company is considering whether to purchase a new spray paint machine that costs $4,000. The machine is expected
to save labor, increasing net income by $400 per year. The effective life of the machine is 15 years according to the manufacturer's
estimate.
Required
a. Determine the unadjusted rate of return based on the average cost of the investment. (Enter your answer as a whole percentage
(e.g. 0.55 should be entered as 55).)
Unadjusted rate of return
%

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