Use the information for the question(s)below.

-A florist is buying a number of motorbikes to expand its delivery service. These will cost $87 000, but are expected to increase profits by $3 000 per month over the next four years. What is the payback period in this case?
A)29 months
B)18 months
C)12 months
D)24 months

Question

Use the information for the question(s)below.
 
-A florist is buying a number of motorbikes to expand its delivery service. These will cost $87 000, but are expected to increase profits by $3 000 per month over the next four years. What is the payback period in this case?
A)29 months 
B)18 months 
C)12 months 
D)24 months

Quizplus · Accepted Answer

The Answer of Use the information for the question(s)below.
 
-A florist is buying a number of motorbikes to expand its delivery service. These will cost $87 000, but are expected to increase profits by $3 000 per month over the next four years. What is the payback period in this case?
A)29 months 
B)18 months 
C)12 months 
D)24 months

Use the Information for the Question(s)below