You are a real estate agent thinking of placing a sign advertising your services at a...

Question

Question

You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $5,0

business finance

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

payback period = investment cost/cash flow per period

= 5000/500

= 10 months

Hence the answer is 10 months

Add a comment

Answer 2

Similar Homework Help Questions

TUONO You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sig...

TUONO You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $5,000 and will be posted for one year. You expect that it will generate additional revenue of $500 a month. What is the payback period? The payback period is months Hlound to one decimal place.)
You are a real estate agent thinking of placing a sign advertising your services at a...

You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $5,400 and will be posted for one year. You expect that it will generate additional revenue of $1,026 a month. What is the payback period?
You are a real estate agent thinking of placing a sign advertising your services at a...

You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $4,100 and will be posted for one year. You expect that it will generate additional revenue of $779 a month. What is the payback period?

P 8-14 Similar to) You are a real estate agent thinking of placing a sign advertising...

P 8-14 Similar to) You are a real estate agent thinking of placing a sign advertising your services at a local bus stop The sign will cost 54.800 and will be posted for one year. You expect that it will generate additional revenue of $624 a month. What is the payback period? The payback period is months. (Round to one decimal place.)
P 8-14 (similar to) : Question Help You are a real estate agent thinking of placing...

P 8-14 (similar to) : Question Help You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $5,000 and will be posted for one year. You expect that it will generate additional revenue of $850 a month. What is the payback period? The payback period is months. (Round to one decimal place.)
A real estate agent is considering changing her cell phone plan. There are three plans to...

A real estate agent is considering changing her cell phone plan. There are three plans to choose from, all of which involve a monthly service charge of $20. Plan A has a cost of $.45 a minute for daytime calls and $.20 a minute for evening calls. Plan B has a charge of $.55 a minute for daytime calls and $.15 a minute for evening calls. Plan C has a flat rate of $80 with 200 minutes of calls allowed...

A real estate agent is considering changing her cell phone plan. There are three plans to...

A real estate agent is considering changing her cell phone plan. There are three plans to choose from, all of which involve a monthly service charge of $20. Plan A has a cost of $.39 a minute for daytime calls and $.19 a minute for evening calls. Plan B has a charge of $.49 a minute for daytime calls and $.14 a minute for evening calls. Plan C has a flat rate of $75 with 225 minutes of calls allowed...
Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted...

Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on March 31, 2018, follows: Elite Realty UNADJUSTED TRIAL BALANCE March 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 25,300.00 2 Accounts Receivable 58,500.00 3 Prepaid Insurance 3,400.00 4 Office Supplies 2,100.00 5 Accounts Payable 12,600.00 6 Common Stock 10,000.00 7 Retained Earnings 37,100.00 8 Dividends 2,400.00 9 Fees Earned 240,100.00 10 Salary and Commission Expense 147,600.00 11 Rent Expense 35,000.00 12...
Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted...

Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on March 31, 2018, follows: Elite Realty UNADJUSTED TRIAL BALANCE March 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 26,100.00 2 Accounts Receivable 59,400.00 3 Prepaid Insurance 3,100.00 4 Office Supplies 2,100.00 5 Accounts Payable 12,500.00 6 Common Stock 10,000.00 7 Retained Earnings 37,800.00 8 Dividends 2,000.00 9 Fees Earned 237,900.00 10 Salary and Commission Expense 147,600.00 11 Rent Expense 32,000.00 12...

Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted...

Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on March 31, 2016, follows: Elite Realty UNADJUSTED TRIAL BALANCE March 31, 2016 ACCOUNT TITLE DEBIT CREDIT 1 Cash 25,300.00 2 Accounts Receivable 61,700.00 3 Prepaid Insurance 2,700.00 4 Office Supplies 2,000.00 5 Land 6 Accounts Payable 12,400.00 7 Unearned Rent 8 Notes Payable 9 Common Stock 10,000.00 10 Retained Earnings 37,100.00 11 Dividends 2,400.00 12 Fees Earned 238,000.00 13 Salary and...

You are a real estate agent thinking of placing a sign advertising your services at a...

Homework Answers