Using the Information in the Table Below, When Will PaybackA) First Year B) Second Year C) Third Year D)

The Answer of Using the Information in the Table Below, When Will PaybackA) First Year B) Second Year C) Third Year D)

Using the Information in the Table Below, When Will PaybackA) First Year B) Second Year C) Third Year D)

The Answer of Using the Information in the Table Below, When Will PaybackA) First Year B) Second Year C) Third Year D)

Solved

Using the Information in the Table Below, When Will Payback

question 24

Multiple Choice

Using the information in the table below, when will payback occur? To justify the purchase of a new release of information tracking system, Health Information Management Services (HIMS) wants to calculate the new system's payback period. The cost to operate the current system is $25,000 per year. The proposed cost of the new system for the first year is $35,000 with continuing operation costs per year of $15,000. An increase of $10,000 per year in billing is anticipated with the new system because of the addition of a billing component to the release of information tracking functionality. Data are summarized in the following table:
$\begin{array} { | l | c | c | c | c | } \hline & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } & \text { Year 4 } \\\hline \text { Curent systern cost } & \$ 25,000 & \$ 25,000 & \$ 25,000 & \$ 25,000 \\\hline \text { New 5ystern cost } & \$ 35,000 & \$ 15,000 & \$ 15,000 & \$ 15,000 \\\hline \text { Yearly difference in cost } & - \$ 10,000 & + \$ 10,000 & + \$ 10,000 & + \$ 10,000 \\\hline \begin{array} { l } \text { Curmulative differences } \\\text { in costs }\end{array} & & & & \\\hline\end{array}$

Definitions:

Return Policy

A set of rules established by a company regarding how customers can return or exchange purchased items and under what conditions.

Unhappy Customers

Unhappy customers are individuals who are dissatisfied with a product, service, or experience, often leading to complaints or negative feedback.

Parallel Structure

Parallel structure is a grammatical technique where components in a sentence are presented with the same pattern of words to show that they are of equal importance, improving clarity and readability.

Paralegal

A person trained in legal matters who works under the supervision of a lawyer, performing tasks such as researching laws, drafting documents, and assisting with case preparation.