{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T21:15:55-04:00", "answer_date": "2024-05-26 21:15:55", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1761449", "url": "\/study-help\/questions\/finch-company-has-an-opportunity-to-purchase-a-forklift-to-1761449", "question_creation_date_js": "2024-05-26T21:15:55-04:00", "question_creation_date": "May 26, 2024 09:15 PM", "meta_title": "[Solved] Finch Company has an opportunity to purch | SolutionInn", "meta_description": "Answer of - Finch Company has an opportunity to purchase a forklift to use in its heavy equipment rental business. The forklift wo | SolutionInn", "meta_keywords": "finch,company,opportunity,purchase,forklift,heavy,equipment,rental,business,leased,annual,basis", "question_title_h1": " Finch Company has an opportunity to purchase a forklift to use in its heavy equipment rental business. The forklift would be leased on an", "question_title": " Finch Company has an opportunity to purchase a forklift to use", "question_title_for_js_snippet": "Finch Company has an opportunity to purchase a forklift to use in its heavy equipment rental business The forklift would be leased on an annual basis during its first two years of operation Thereafter, it would be leased to the general public on demand Finch would sell it at the end of the fifth year of its useful life The expected cash inflows and outflows follow Year Nature of Item Cash Inflow Year 19 Purchase price Cash Outflow $85,400 Year 1 Revenue $33,000 Year 2 Revenue 33,000 Year 3 Revenue 28,000 Year 3 Major overhaul 8,600 Year 4 Revenue 19,000 Year 5 Year 5 Revenue 17,000 Salvage value 7,400 Required a b Determine the payback period using the accumulated and average cash flows approaches (Round your answers to 1 decimal place ) a Payback period (accumulated cash flows) years b Payback period (average cash flows) years", "question_description": "\"image", "transcribed_text": "Finch Company has an opportunity to purchase a forklift to use in its heavy equipment rental business. The forklift would be leased on an annual basis during its first two years of operation. Thereafter, it would be leased to the general public on demand. Finch would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow: Year Nature of Item Cash Inflow Year 19 Purchase price Cash Outflow $85,400 Year 1 Revenue $33,000 Year 2 Revenue 33,000 Year 3 Revenue 28,000 Year 3 Major overhaul 8,600 Year 4 Revenue 19,000 Year 5 Year 5 Revenue 17,000 Salvage value 7,400 Required a.&b. Determine the payback period using the accumulated and average cash flows approaches. (Round your answers to 1 decimal place.) a. Payback period (accumulated cash flows) years b. Payback period (average cash flows) years", "related_book": { "title": "Fundamental Managerial Accounting Concepts", "isbn": "978-0077632427, 77632427, 78025656, 978-0078025655", "edition": "7th edition", "authors": "Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/276.jpg", "uri": "\/textbooks\/fundamental-managerial-accounting-concepts-7th-edition-276", "see_more_uri": "\/textbooks\/business-taxation-payroll-tax-3479" }, "free_related_book": { "isbn": "0521172225", "uri": "\/textbooks\/the-integration-of-functions-of-a-single-variable-2nd-edition-978-0521172226-133481", "name": "The Integration Of Functions Of A Single Variable", "edition": "2nd Edition" }, "question_posted": "2024-05-26 21:15:55", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/an-important-us-government-organization-charged-with-setting-human-resource-634705", "description": "An important U.S. government organization charged with setting human resource management guidelines is O the EEOC (Equal Employment Opportunity Commission). the OSHA (Occupational Safety and Health...", "stars": 3 }, { "url": "\/the-learning-curve-phenomenon-has-been-shown-in-practice-to", "description": "The learning curve phenomenon has been shown in practice to be widely applicable. Once a company has established a learning rate for a process, they can use it to predict future system performance....", "stars": 3 }, { "url": "\/study-help\/database-management-systems\/what-are-the-two-kinds-of-data-redundancy-and-what-1815849", "description": "What are the two kinds of data redundancy, and what are the three types of problems that they cause in the information systems environment?", "stars": 3 }, { "url": "\/study-help\/theory-of-probability\/let-xi-be-an-exponential-random-variable-with-mean-8-1983037", "description": "Let Xi be an exponential random variable with mean 8 + 2i, for i = 1, 2, 3. 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The service time is exponentially distributed with unloading rate of 4 trucks per...", "stars": 3 }, { "url": "\/study-help\/questions\/from-the-perspective-of-a-training-manager-or-professional-trainer-1003287", "description": "From the perspective of a training manager (or professional trainer) how does the analysis of the work environment help 1) diagnose performance problems. 2) contribute to the success or failure of...", "stars": 3 }, { "url": "\/study-help\/questions\/he-noticed-that-steel-drums-were-in-the-hole-and-1002776", "description": "He noticed that steel drums were in the hole, and noticed they were leaking. He called the county and they investigated. There were toxic chemicals going into the ground. Below the ground was the...", "stars": 3 }, { "url": "\/study-help\/questions\/i-need-help-expanding-on-this-essay-about-this-case-1000964", "description": "I need help expanding on this essay about this case study. 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What are the three basic functions performed by intermediaries?", "stars": 3 }, { "url": "\/study-help\/principles-of-marketing\/124-why-are-channels-for-business-products-typically-shorter-than-1674032", "description": "12-4. 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