_______ means providing customers with reliable products or services at competitive prices and delivered with minimal difficulty or inconvenience

The production manager projects direct labor costs

Indicate whether the statement is true or false

Dartis Tools Co is considering investing in specialized equipment costing $610,000

The equipment has a useful life of five years and a residual value of $69,000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are given below: Year 1 $210,000 2 159,000 3 160,000 4 95,000 5 136,000 $760,000 What is the accounting rate of return on the investment? (Round your answer to two decimal places.) A) 14.36% B) 16.19% C) 12.90% D) 6.45%