What is the payback period for this project

Assignment Help Financial Accounting
Reference no: EM132995761

Question - McKenna Sports Authority is getting ready to produce a new line of gold clubs by investing $1.85 million. The investment will result in additional cash flows of $525,000, $832,500, and $1,215,000 over the next three years. What is the payback period for this project? Round to four decimal places.

Reference no: EM132995761

Questions Cloud

Who is primarily responsible for the fairness : Pike Company has had an annual audit performed by the same firm of certified public accountants for many years. Who is primarily responsible for the fairness
Estimate cash receipts for each month of the first quarter : Credit sales in December 2020 are expected to be $168,000. Estimate cash receipts for each month of the first quarter of 2021
What is the minimum monthly payment for May : At the end of May, the company had a credit card bill of $18,459.47. What is the minimum monthly payment for May
What tax amount will the taxpayer realize as exchange : The taxpayer assumes the $80,000 mortgage on the building his is obtaining in the trade. What tax amount will the taxpayer REALIZE as a result of the exchange
What is the payback period for this project : The investment will result in additional cash flows of $525,000, $832,500, and $1,215,000 over the next three years. What is the payback period for this project
How would these changes affect the break-even point : The variable cost per unit remained unchanged at $0.50. How would these changes affect the break-even point in units
Calculate Sheryl Chang insurable earnings : Sheryl Chang is owed $2,500.00 vacation pay that will be paid out with her final pay. Calculate Sheryl Chang's insurable earnings
Compute Mike taxable income : Mike, single, age 31, reports the following items for 2020: Interest expense on personal residence 10,000. Compute Mike's taxable income for 2020
Compute the standard purchase price for one gram of A-B : The material is purchased in two-ton container at a cost of P50,000 per ton. Compute the standard purchase price for one gram of "A-B"

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the size of yearly payments

Jerry wants to save up $16000 so he can buy a new truck in 8 years. If he can earn j1=2.5% on his money, what is the size of his yearly payments.

  Charges an initial franchise

Frozen Delight, Inc. charges an initial franchise fee of $71,000 for the right to operate as a franchisee of Frozen Delight. Of this amount, $19,000 is collected immediately. The remainder is collected in 4 equal annual installments of $13,000 each. ..

  Prepare a monthly cash budget for three month period

Prepare a monthly cash budget for three month period ended 30th September.

  What percentage is the company net profit margin

Valdovinos Corporation has provided the following data: Sales (All On Account) 1,150,000. What percentage is the company's net profit margin

  Calculate the balance of the invoice

Scarlet Company received an invoice for $53,000.00,If it made a partial payment of $17,900.00 during the discount period, calculate the balance of the invoice.

  Journal entries for traded two business autos13282009

journal entries for traded two business autos.1.3282009 goochland purchased on account 950000 merchandise inventory to

  Evaluate the equivalent units of product

Evaluate the equivalent units of product for (1) materials and (2) conversion cost for each month and calculate the physical units for January and May.

  What is the current value of the currency futures contract

Both rates are on an annual basis with continuous compounding. What is the current value of the currency futures contract

  Prepare the share capital portion of ASDFs statement

On February 28, 20x1, ASDF Co. received cash subscription for 2,000 shares at par value. Prepare the share capital portion of ASDFs statement

  Compute the original cost of the equipment

On the last day of the fourth year, the equipment was sold for $5000 and resulted in a loss of $7000.

  Question donovan company received a bank statement for the

question donovan company received a bank statement for the month of september 2012 which indicates a balance per bank

  Prepare an income statement for the month of may 2012

Show the effects of the previous transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year.

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!

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