What you know new engraver cost 25000 one-year loan cost 12, Ask an Expert

Accounting

What you know: New engraver cost: $25,000 One-year loan cost: 12% interest Revenue per day from engraving: $975 Profit margin on engraving: 25% Potential days lost, if engraver breaks: 18

A) Amount of net profit that could be lost if the engraver breaks ?

B) How long it will take to pay for the engraver if the entire net profit is allocated toward paying for it?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9983983

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