Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. (ignore income taxes in this problem.) buy-rite ph

(Ignore income taxes in this problem.) Buy-Rite Pharmacy has purchased a small auto for delivering...

80.2K

Verified Solution

Question

Accounting

(Ignore income taxes in this problem.) Buy-Rite Pharmacy has purchased a small auto for delivering prescriptions. The auto was purchased for $21,000 and will have a 6-year useful life and a $6,000 salvage value. Delivering prescriptions (which the pharmacy has never done before) should increase gross revenues by at least $34,000 per year. The cost of these prescriptions to the pharmacy will be about $29,000 per year. The pharmacy depreciates all assets using the straight-line method. The payback period for the auto is closest to:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

a) Explain that in a one-dimensional system, although a system with an even number of electrons...

Physics
1.2K views

Calculus dictates that (∂U/∂V) T,Ni = T(∂S/∂V)T,Ni – p = T(∂p/∂T)V,Ni – p (a) Calculate (∂U/∂V) T,N...

Physics
1.2K views

The Ads side of the AdS/CFT correspondence is a model of quantum gravity in 5 dimensional...

Finance
1.2K views

Raising Extra Capital As companies mature, their business needs change. This typically causes the need to raise...

Basic Math
1.2K views

A town has a merchant, a baker, and a farmer. To produce $1 worth of...

Statistics
1.2K views

For a normal distribution with 43 and o 4 find the following values a the...

Calculus
1.2K views

Graph the function f(x) over the given interval. Partition the interval into 4 subintervals of...

Accounting
1.2K views

Accounting
1.2K views

MTN 4:59 PM 87%

Accounting
1.2K views

1. (20 points) Refer to the preceding income statement and balances sheet for Dolphin, Inc....

Accounting
1.2K views

Security of data and information is critical in todays business. Discuss the ethical issues, and...

Accounting
1.2K views

Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following...