FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the payback period for the following project: ____________________Project X Initial Outlay $8,440 Year 1 $3,570 Year 2 $3,420 Year 3 $3,800 Year 4 $7,790

Find the payback period for the following project:

____________________Project X

Initial Outlay $8,440

Year 1 $3,570

Year 2 $3,420

Year 3 $3,800

Year 4 $7,790

The answer should be calculated to two decimal places.

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

Accounting In Business

Accounting In Business

Authors: R. J. Bull

5th Edition

0408014865, 978-0408014861

More Books

Students also viewed these Finance questions

Question

★★★★★
Water at 80?C is flowing through a thin copper tube (15.2 cm ID) at a velocity of 7.6 m/s. The duct is located in a room at 15?C and the heat transfer coefficient at the outer surface of the duct is...

Answered: 1 week ago

Question

★★★★★
1. In which section of the Comprehensive Annual Financial Report (CAFR) are the budget-to-actual comparisons of the major funds? a. Which accounting basis did the City follow to prepare its annual...

Answered: 1 week ago

Question

★★★★★
3. Think of an aspect of your learning or functioning in a school setting that has been a source of difficulty (e.g., reading comprehension, social relationships, stress management, study habits)....

Answered: 1 week ago

Question

★★★★★
Pier 1 imports reported cost of sales of $957 million for fiscal 2008. Inventory decreased during the year from $412 million to 316 million, and accounts payable (related to inventory purchases)...

Answered: 1 week ago

Question

★★★★★
When the Tax Court follows the opinion of the circuit court of appeals to which the case is appealable, the court is following the

Answered: 1 week ago

Question

★★★★★
17. Dam Design Your company is designing a dam to be built across a stream to create a small lake. To reduce materials cost, it will be made of one or more concrete walls with mud packed in between...

Answered: 1 week ago

Question

★★★★★
Craigmont utiliza el mtodo de asignacin para contabilizar las cuentas incobrables. Su balance de prueba no ajustado al final del ao muestra cuentas por cobrar de $104,500, provisin para cuentas...

Answered: 1 week ago

Question

★★★★★
Canada Importers is a Canadian firm based out of Mississauga Ontario. It was founded in 1979 and imports many different types of products. The company is looking to expand and has found that there is...

Answered: 1 week ago

Question

★★★★★
4. The data below pertains to the earnings of Juan Manuel for the week ended June 15, 2020: 3 points Hours and rate Earnings to date Overtime rate 42 hours worked at P40/hr P14.00 1 and times the...

Answered: 1 week ago

Question

★★★★★
Give the assumption or principle that would have been violated if the following entries or information had not been given: 1 . A owner of 3 different businesses wants to combine all of them into one...

Answered: 1 week ago

Question

★★★★★
huck and his employees have discussed redesigning the process to improve efficiency. Suppose they can increase the rate to 320 boxes per day. What will be their new productivity

Answered: 1 week ago

Question

★★★★★
Free-Response Questions 1. Suppose there are 100 residents on the island of Sunshine. Whenever someone purchases a palm tree to plant on the island, everyone on the island receives the same benefits...

Answered: 1 week ago

Question

★★★★★
Question 9 (1 point) The following comparative box plots show the average monthly rainfall (in inches) for the last 3 years for Miami, FL and New Orleans, LA. Average Monthly Rainfall (in.) 5 6 8 9...

Answered: 1 week ago

Question

★★★★★
Which of the following capital budgeting techniques consider(s) cash flow over the entire life of the project? pg56 Internal rate of return a Yes b Yes C No d No Payback Yes No Yes No

Answered: 1 week ago

Question

★★★★★
The net present value for a project with an initial net cash outlay of $2,000 is $5,000. Which of the following 1s correct? The index of profitability is 3.5. The present value of the cash flow from...

Answered: 1 week ago

Question

★★★★★
Given the following information, compute the payback period for Projects X and Y: ko8 Initial net cash outlay For Project X....... $12.500 For Project Y. Cash flow from operations 8.000 For Project...

Answered: 1 week ago

Previous Question Next Question