Sometimes when I have my morning coffee, which I drink black…

Sometimes when I have my morning coffee, which I drink black with no cream or sugar, I notice a thin film floating on top of the coffee. Since I have learned biology, I now realize the nature of this substance and so I run to my friend screaming, “Look at this ________ in my coffee!”

(Ignore income taxes in this problem.) The management of Plo…

(Ignore income taxes in this problem.) The management of Plotnik Corporation is investigating purchasing equipment that would increase sales revenues by $269,000 per year and cash operating expenses by $156,000 per year. The equipment would cost $294,000 and have a 6 year life with no salvage value. The simple rate of return (accounting rate of return) on the investment is closest to: