Calculate the Payback Period If a New Forklift Is Purchased

question 8

Multiple Choice

Calculate the payback period if a new forklift is purchased at a cost of $78,000, with monthly savings of $1,000 due to quicker retrievals and turnaround time for record requests from storage.

• A) 4.5 years
• B) 6.5 years
• C) 8.5 years
• D) 10.5 years

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Definitions:

Colonized

The action or process of settling among and establishing control over the indigenous people of an area.

English

A West Germanic language originating in England and now widely spoken and recognized as an official or global lingua franca.

Maori

The indigenous Polynesian people of mainland New Zealand, who have a rich culture with traditional language, mythology, crafts, and performing arts.

Nonindustrial Societies

Societies that do not rely on large-scale industry and technology for their economic production, often based on subsistence farming or pastoralism.