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SirJohnny SirJohnny
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A year ago
Andrea Kris is opening a small flower shop that will focus primarily on delivery, though it will provide a small showroom for walk-in customers. A local florist is retiring and selling her small flower shop to Andrea for $162,500. The shop has a remaining life of 20 years. Andrea expects to have incremental revenues of $81,250 per year and pay approximately 60% of revenues in operating costs. What is the payback period for Andrea's flower shop?

▸ 5 years

▸ 2 years

▸ 6.66 years

▸ 3.33 years
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
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texasboy3texasboy3
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A year ago
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