20

JJ Asian Cuisine is considering investing $55,000 in a new pop-up taco shop beside a popular Melbourne park. Jason and James estimate the net cash inflow will increase by $35,000 each year for the next 5 years. The payback period for the new taco shop is:

Select one:

a. 2 years.

b. 1.57 years.

c. 0.63 year.

d. 3.5 years

The schedule of payments (creditors) is prepared to provide information for the:

Select one:

a. cash budget.

b. sales budget.

c. production budget.

d. budgeted balance sheet.