Profits from recycling paper, cardboard, aluminum, and glass at a liberal arts college have increased at a constant rate of Php55000 in each of the last 3 years. If this year's profit (end of year 1) is expected to be Php30000 and the profit trend continues through year 5, what will the profit be at the end of year 5? A Php250000 Php10400 Php7600 D Php85000

Profits from recycling paper, cardboard, aluminum, and glass at a liberal arts college have increased at a constant rate of Php55000 in each of the last 3 years. If this year's profit (end of year 1) is expected to be Php30000 and the profit trend continues through year 5, what will the profit be at the end of year 5? A Php250000 Php10400 Php7600 D Php85000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ANSWER: Simple Payback Period Payback Period = 4.0 years
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