Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 06, 2024

A company is going to make an investment in assets that cost $16,000. This asset is going to help the company to sell a new

A company is going to make an investment in assets that cost $16,000. This asset is going to help the company to sell a new product generating $30,000 of sales annually. Annually, variable costs are $24,500. What is the closest Payback period for the Return of the Investment?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Arab World Facing The Challenge Of The New Millennium

The Arab World Facing The Challenge Of The New Millennium

Authors: Henry T. Azzam

1st Edition

1860648169,0857710494

More Books

Students also viewed these Finance questions

Question

★★★★★

Chapter 6 discusses expenditures of individuals that are deductible for adjusted gross income (e.g., alimony) and explains the advantage of having an expenditure classified as a deduction for...

Answered: 1 week ago

Question

★★★★★

225. According to an article in the Atlanta Journal-Constitution (January 29, 2004), materialism, not necessity, gave birth to dual-income families. In supporting the argument, the author cites the...

Answered: 1 week ago

Question

★★★★★

A developer of video game software has seven proposals for new games. Unfortunately, the company cannot develop all the proposals because its budget for new projects is limited to $950,000 and it has...

Answered: 1 week ago

Question

★★★★★

You observe the following shares in the market and have calculated their expected returns and Betas. If the risk free rate is currently 4% and the return on the market portfolio is 12% . Which shares...

Answered: 1 week ago

Question

★★★★★

2. Given the following Euro to $ Exchange rate of 1.46, what is the information contained in this quote? If the Purchasing Power Parity Theory is correct, what is true about the relationship between...

Answered: 1 week ago

Question

★★★★★

Suppose that you are a bank manager and receive an application for a credit line of 100,000 from a small firm. What is the first thing you would look at? 1 point The Cash Flow Statement The Profit...

Answered: 1 week ago

Question

★★★★★

Please InYourOwnWords writea discussion post for the question below. (350words at min pleasee) Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Question content area top Part 1 Denim Bones manufactures its own brand of pet chew bones. At the end of December 2024, the accounting records showed the following: Data table Balances: Beginning...

Answered: 1 week ago

Question

★★★★★

Aleeta would like to reward certain customers with a prize based on the total amount spent and total quantity of items purchased. On the Transactions worksheet, in cell C33, use the LET function to...

Answered: 1 week ago

Question

★★★★★

Question 2 of 2 -/5 E Alpha's Graphics was organized on January 1, 2020, by Gabriel Alpha. At the end of the first 6 months of operations, the trial balance contained the following accounts....

Answered: 1 week ago

Previous Question Next Question