Asmall accounting firm is considering the purchase of a computer software package that would reduce the amount of time needed to prepare tax forms. the software costs $1750 and this expense will be incurred immediately. the firm estimates that it will save $550 at the end of each year beginning in one year for 9 consecutive years, and also save $1513 in year 10. what is the payback on the computer package?

3.18 years

Explanation:

The formula to compute the payback period is shown below:

= Initial investment ÷ Net cash flow

where,  

The Initial investment is $1,750

And, the net cash flow for 9 consecutive years is $550

Now put these values to the above formula  

So, the value would equal to

= ($1,750) ÷ ($550)

= 3.18 years

All other information which is given in the question is not relevant. Hence, ignore it

answer; i do believe that the correct answer is ; ///are valued more highly than their cost;

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

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