Hazard Company is considering the acquisition of a machine that costs $375,000. The machine is expected to have a useful life of 6 years, a negligible residual value, an annual cash flow of $150,000, and annual operating income of $87,500. What is the estimated cash payback period for the machine?
A) 3 years
B) 4.3 years
C) 2.5 years
D) 5 years
C
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A(n) _____ is responsible for overseeing the use of information as an important organizational resource.
Fill in the blank(s) with the appropriate word(s).
Which of the following types of ads can users block through the use of applications developed by Internet access software?
A) banners B) buttons C) pop-ups D) search engine listings E) directory listings
On December 31, Jacoby Company received a $385 bill for the purchase of supplies in December that it will not pay for until January 15. Jacoby follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry needed on December 31 to accrue this cost is:
A. Debit Accounts Payable $385; credit Cash $385. B. Debit Accounts Payable $385; credit Supplies $385. C. Debit Supplies $385; credit Accounts Payable $385. D. Debit Supplies Expense $385; credit Cash $385. E. Debit Supplies Expense $385; credit Supplies $385.
On a bank reconciliation, the amount of an unrecorded bank service charge should be:
A. Added to the bank balance of cash. B. Added to the book balance of cash. C. Deducted from the book balance of cash. D. Deducted from the bank balance of cash. E. Noted in memorandum form only.