World language .........................
Answer:
C. 4.29 years
Explanation:
The computation of the payback period is shown below:
Payback period = Initial investment of the equipment ÷ Cash flows
where,
Initial investment = $30,000
And, the cash flows is
= $8,500 - $1,500
= $7,000
So the payback period is
= $30,000 ÷ $7,000
= 4.29 years
By dividing the initial investment by the cash flows we can get the payback period and the same is applied above.
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Answer:
D.
Explanation:
Blue beads are 3 times more likely to be pulled. Therefore, since there are 12 beads in total the ratio which would fit the ratio of probability to pull blue beads compared to black beads would be 9/12 leaving 3/12 probability to pull a black bead. if you simplify the fractions you get 3/4 and 1/4 where 1/4 (the probability to pull a black bead) is three times less than the probability to pull a blue bead.
