Use the information for the question(s) below.

-A florist is buying a number of motorcycles to expand its delivery service. These will cost $78,000 but are expected to increase profits by $3000 per month over the next four years. What is the payback period in this case?
A) 10.40 months
B) 15.60 months
C) 19.50 months
D) 26.00 months

Question

Use the information for the question(s) below.
 
-A florist is buying a number of motorcycles to expand its delivery service. These will cost $78,000 but are expected to increase profits by $3000 per month over the next four years. What is the payback period in this case?
A) 10.40 months 
B) 15.60 months 
C) 19.50 months 
D) 26.00 months

Quizplus · Accepted Answer

D) 11ea84dc_f554_5e30_9a63_29d970e7d6c4_TB1316_00_TB1316_00

Use the Information for the Question(s) Below