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Author Question: Crimpson Company has invested $2,100,000 in a plant to make commercial juicer machines. The target ... (Read 43 times)

asd123

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Crimpson Company has invested $2,100,000 in a plant to make commercial juicer machines. The target operating income desired from the plant is $305,000 annually. The company plans annual sales of 7400 juicer machines at a selling price of $600 each.

What is the target rate of return on investment for Crimpson Company?
◦ 6.9%
◦ 7.4%
◦ 14.5%
◦ 12.5%


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Marked as best answer by asd123 on Mar 6, 2021

leahm14

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asd123

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


jamesnevil303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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