Andrea Kris Is Opening a Small Flower Shop That Will

question 121

Multiple Choice

Andrea Kris is opening a small flower shop that will focus primarily on delivery, though it will provide a small showroom for walk-in customers.A local florist is retiring and selling her small flower shop to Andrea for $162,500.The shop has a remaining life of 20 years.Andrea expects to have incremental revenues of $81,250 per year and pay approximately 60% of revenues in operating costs.What is the payback period for Andrea's flower shop?

• A)5 years
• B)2 years
• C)3.33 years
• D)6.66 years

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Definitions:

Immediate Feedback

The instant response or reaction to an action or statement, which is crucial for effective communication and learning processes.

Communication Medium

The method or tool used to deliver messages between a sender and receiver, such as email, social media, or face-to-face conversations.

Journalistic Approach

A method of investigation and reporting that seeks to inform the public by gathering, assessing, creating, and presenting news and information.

In-Person

An interaction or event that takes place face-to-face in the same physical location, as opposed to being conducted digitally or online.