A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years. The payback period of the project is ________
A) 1.5 years
B) 2 years
C) 3.3 years
D) 4 years
C
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Which group is most likely offered functional discounts by manufacturers?
A) trade-channel members that perform sales tasks B) consumers who buy products in large quantities C) buyers who pay their bills before the due date D) buyers who purchase merchandise out of season E) retailers that participate in advertising programs
When all the elements of a strategic plan are integrated, it should produce a(n) ______.
a. culture of efficiency in the organization b. common “cause” for employees c. aspirational vision for what the company will become d. “ideal” version of the company that does not yet exist
Some companies give their salespeople strict formal route plans in order to:
A. improve collection of overdue accounts. B. maximize the utility of the salesperson's weekly report. C. promote the individual's planning experience. D. improve territory coverage. E. minimize territory size.
Which of the following is not a required external financial statement?
A) Balance sheet B) Budgeted income statement C) Statement of cash flows D) Statement of changes in stockholders' equity