AICPA每日一练之BEC【2016-3-8】

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A company is investing in a machine costing $365,000.The following table shows selected financial data for the company for the next five years:

Year Annual cash flows Annual net income

1 $50,000 $45,000

2 125,000 120,000

3 150,000 145,000

4 50,000 45,000

5 30,000 25,000

What is the payback period on this machine?

a.3.8 years.

b.4.0 years.

c.4.4 years.

d.5.0 years.

Answer:A

Choice “a” is correct. The requirement is to calculate the payback period. Answer (a) is correct because the payback period is equal to 3.8 years ($50,000 + $125,000 + $150,000 + (0.8 X$50,000)= $365,000). Answers (b), (c) and (d) are incorrect because the payback period is 3.8 years.

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