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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 51
An investment of $6,000 produces a net annual cash inflow of $2,000 for each of 5 years. What is the payback period?
A) 2 years
B) 1.5 year
C) Unacceptable
D) 3 years
E) Cannot be determined.
A) 2 years
B) 1.5 year
C) Unacceptable
D) 3 years
E) Cannot be determined.
Explanation
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Verified
Formula to determine payback period is g...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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