Question
Annie's Homemade is considering buying an ice cream truck at the beginning of April for $46,500. The ice cream truck's estimated monthly net cash inflows
Annie's Homemade is considering buying an ice cream truck at the beginning of April for $46,500. The ice cream truck's estimated monthly net cash inflows are as follows: April $ 2,000 May $ 6,000 June $ 8,000 July $ 12,000 August $ 14,000 September $ 9,000 October $ 7,000 November $ 1,000
Required: 1. What is the ice cream truck's payback period in months?
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The ice cream trucks payback period is 6 months Month Cash Inflow Accumulated Cash Inflow April 200...
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Construction accounting and financial management
Authors: Steven j. Peterson
2nd Edition
135017114, 978-0135017111
