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What is the return on investment (ROI) for a wine grape vineyard with the following costs and returns:   $1,500,000 Land $2,000,000 Establishment costs (total for 3 years to bring vineyard to productive maturity $3,500,000 Total investment   $ 360,000 Annual operating cost   1,000 tons Estimated average annual yield $650 per ton price for grapes

What is the return on investment (ROI) for a wine grape vineyard with the following costs and returns:   $1,500,000 Land $2,000,000 Establishment costs (total for 3 years to bring vineyard to productive maturity $3,500,000 Total investment   $ 360,000 Annual operating cost   1,000 tons Estimated average annual yield $650 per ton price for grapes

FINANCIAL ACCOUNTING
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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Question: What is the return on investment (ROI) for a wine grape vineyard with the following costs and returns:

 

$1,500,000 Land

$2,000,000 Establishment costs (total for 3 years to bring vineyard to productive maturity

$3,500,000 Total investment

 

$ 360,000 Annual operating cost

 

1,000 tons Estimated average annual yield

$650 per ton price for grapes

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