Considering the residual value is zero, calculate the payback period. (Round your answer to two decimal places.)
First Choice Carpets is considering purchasing new weaving equipment costing $730,000. The company's management has estimated that the equipment will generate cash inflows as follows:
A) 4.61 years
B) 3.21 years
C) 3.42 years
D) 3.70 years
B) 3.21 years
Payback = 3 years + ($730,000 ? $674,000) / $266,000 = 3.21 years
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Manufacturers of appliances, such as GE and Whirlpool, advertise on a continuous basis because appliances are purchased infrequently and only when they are needed
To ensure the brand name is remembered when the need arises, these manufacturers rely on: A) threshold effects B) sales-response function curve C) wear out effects D) carryover effects
Special Reports AU-C Section 805 provides guidance on audits of single financial statements and specific elements, accounts, or items of a financial statement. What are some examples of these types of situations?
Compute working capital for 2019.
The financial statements for Uptown Service Company include the following items:
A) $145,000
B) $96,000
C) $156,000
D) $33,000
Alan, the president of Bayside Investments, Inc, and Colin, Bayside's accountant, are charged with a crime, after the police search Bayside's offices. Under the exclusionary rule
a. certain Bayside records are excluded from subpoena. b. certain parties to a criminal action may be excluded from a trial. c. illegally obtained evidence must be excluded from a trial. d. persons who have biases that would prevent them from fairly deciding the case may be excluded from the jury.