What is the payback for a project that requires a $10,100 initial investment and returns $3,200 the
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Question:
a) The payback period is 3 years and 3 months.
b) The payback period is 3 years and 5 months
c) The payback period is 4 years and 3 months
d) The payback period is 4 years and 5 months
6) The Rusty Auto Parts Company has sales of $20,000 every month. Its retail prices are twice the wholesale cost (a 100% markup). It buys its parts one 1 month before it anticipates making a sale and it pays its suppliers one 1 month after making a purchase. What are accounts payable at the end of the month?
a) 10,000
b) 11,000
c) 8,000
d) 5,000
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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