Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mc qu. 92 a company is planning... a company is pl

MC Qu. 92 A company is planning... A company is planning to purchase a machine...

50.1K

Verified Solution

Question

Accounting

image

image

MC Qu. 92 A company is planning... A company is planning to purchase a machine that will cost $26.400, have a six-year life, and be depreciated over a six-year period with no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? $102,000 Sales Costs Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (35) Net Income $52,400 4.400 34,000 (90,800) $ 11,200 (3,920) $ 7,280 Multiple Choice O 363 years 274 years 3,63 years, 2,74 years, 725 years, 2.26 years. 600 years

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

Finance
1.2K views

Use the option quote information shown here to answer the questions that follow. The stock is...

Basic Math
1.2K views

4 [20% ] (a) Prove the Sine Rule for a spherical triangle: [10%] sin ? sin a...

Basic Math
1.2K views

Find the extreme values of the function and where they occur. y= (x+1)/(x^2+3x+3)

Biology
1.2K views

Which of the following is a description of a resource that belongs to a country...

Biology
1.2K views

Mostendangeredspecies areconsidered-selectedspecies.A. KB. SC. JD. r

Biology
1.2K views

The pedigree given below shows I II III 2 3 TO Q OAY linked recessive...

Biology
1.2K views

The Voges Proskauer test determines if bacteria....can do glucose fermentationcan do aerobic respirationproduce close to...

Biology
1.2K views

CO2 is a wast product of cellular respiration From which of the phases does it...

Basic Math
1.2K views

Let f(x)=2x-5. g(x)=x2, and h(x) = 3x + 4. Perform the indicated composition.f(g(x)) =

Statistics
1.2K views

For a confidence level of 96 find the critical value

Accounting
1.2K views

Phoenix Company's 2019 master budget included the following fixed budget report. It is...

Finance
1.2K views

Can you answer the first question Olga is typically scheduled to operate 3 machines...