Seattle, Inc, is contemplating a project that costs $180,000 . Expectations are that annual cash revenues will be $70,000 and annual expenses (including depreciation) will total $30,000 . The project has a six-year useful life and a residual value of $30,000 . Assume Seattle Inc uses straight line method of depreciation. The project's payback period is
a. 2.31 years.
b. 2.77 years.
c. 2.14 years.
d. 2.57 years.
B
You might also like to view...
IT Technology has designed its corporate structure with divisions based on their location. For example, there are the Southern and Northern Divisions, and globally there are the European Division and the Asian Division. IT Technology is an example of a structure with
A. geographic divisions. B. matrix partitions. C. customer divisions. D. common area divisions. E. product divisions.
If the balance of wages payable increases during the year, then the____________for the period will be greater than the actual cash wages paid in the period
Fill in the blank(s) with correct word
Proper segregation of duties is critical for the human resource management process.
Answer the following statement true (T) or false (F)
Proofreading by reading a document aloud while another person verifies the copy is
a. recommended for every business document. b. recommended for extremely important documents. c. recommended only when time permits. d. not recommended because it takes up two people's time.