O'Mally Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,810,000. Under the other proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,500,000. The following information is available: 
The payback period for the Indiana proposal is closest to
Definitions:
Income-Sharing Ratio
An agreed upon proportion used to distribute profits or losses among partners in a partnership.
Limited Liability Company
A corporate model that integrates the flow-through taxation characteristic of partnerships and sole proprietorships with the protective limited liability found in corporations.
Business Entity
A legal organization created by individuals, stockholders, or shareholders, with the purpose of operating for profit.
Partnership Form
A type of business organization in which two or more individuals manage and operate the business in accordance with the terms and objectives set out in the Partnership Deed.
Q48: Historic Restoration Company budgeted 33.0 hours of
Q55: The Crystal Company uses straight-line depreciation and
Q72: Solve the following two cases (the cases
Q77: The _ section from the statement of
Q145: A performance report of a _ will
Q165: Most financial statement analysis covers trends of
Q186: Easel Manufacturing budgeted fixed overhead costs of
Q186: Lenardi Corporation is evaluating the purchase of
Q187: Revenue center performance reports are reports that
Q200: The process of making capital investment decisions