User Account

All Pages

What is the payback period for Kimberly flower shop

Assignment Help Managerial Accounting
Reference no: EM133099106

Question - Kimberly Young is opening a small flower shop that will focus primarily on delivery, though it will provide a small showroom for walk-in customers. A local florist is retiring and selling her small flower shop to Kimberly for $225225. The shop has a remaining life of 20 years. Kimberly expects to have incremental revenues of $102375 per year and pay approximately 60% of revenues in operating costs. What is the payback period for Kimberly's flower shop?

Reference no: EM133099106

Questions Cloud

How did you arrive at your target and reservation price : How did you arrive at your target and reservation price? Did your target and reservation price limit or expand the range of possible outcomes?
What is Sunland Creations direct materials price variance : The standard price of the copper tubing was $2.30 per foot. What is Sunland Creations' direct materials price variance for the period
Discuss two most important criteria : Discuss two most important criteria - in your opinion - for selecting projects. Based on what, certain projects are rejected while some others are accepted?
Examine the household case and their average cash flow : Examine the household case and their average cash flow. What is the household's current cash-flow position.?
What is the payback period for Kimberly flower shop : A local florist is retiring and selling her small flower shop to Kimberly for $225225. What is the payback period for Kimberly's flower shop
Countries government officials : In many countries government officials are not well-paid, and "tips" (called "bribes" in the United States) are a way of compensating them. If such payments are
Prepare the journal entries needed to record the asset : Manchester Company sells equipment on June 1 of the current year for $222,400 cash. Prepare the journal entries needed to record the asset
Routine cleaning in an education setting : Why is it necessary to maintain regular and routine cleaning in an education setting? You need to consider information on infection control, legislation and reg
How external factors are involved in the overhaul : Explain with examples on how external factors are involved in the overhaul of a healthcare industry. Mention at least one health care industry.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute the product margins under the activity-based costing

Compute the product margins for B300 and T500 under the activity-based costing system. (Negative product margins should be indicated by a minus sign)

  Determine total cost of completed production for January

Aco anticipated unit sales of units are January, 5,000: February, 4,000; march 8,000. Determine total cost of completed production for January

  Journalize entries to record transactions of for inc parks

Journalize the entries to record transactions. Issued 50,000 shares of common stock at $30, receiving cash. Issued 13,000 shares of preferred 2% stock at $92.

  Determine the cost of the receiving activity

Milan Machining Company has identified the following overhead activities, costs, and activity drivers for the coming year. Determine the cost of the Receiving activity. Assign the overhead costs to each product using ABC.

  Complete variance analysis for revenue by indicate variance

In April, Klayken Club House projected, Complete variance analysis for revenue by indicating variance conditions for each of the revenue variance components.

  How do financial and managerial accounting compare

Does managerial accounting focus on external or internal users of information? How do financial and managerial accounting compare?

  Compute the simple rate of return on the equipment

Compute the simple rate of return on the equipment. Use straight-line depreciation based on the equipment's useful life

  Find what the average accounting rate of return is

What the average accounting rate of return (AAR) is? The initial investment will have a useful life of 4 years and no salvage value.

  Determine which correctly expresses total equivalent units

Warren Industries uses a process-costing, Determine which correctly expresses the total equivalent units of production for Material X and Material Y?

  What is the us tax consequence to rodrigo

In 2021, Rodrigo sold the 1,000 shares for $200 per share. What is the U.S. tax consequence to Rodrigo on the sale of the shares in Super Technologies

  Find cost per equivalent unit for materials for the month

Find cost per equivalent unit for materials for the month in the first processing department is closest to. The ending inventory was 85% complete

  Justify three reasons why is suitable for ee sdn bhd

You have proposed for the company to implement Activity Based Costing (ABC). Justify three (3) reasons why it is suitable for EE Sdn Bhd.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd