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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A new packaging machine will save Greene Cheese Pty. Ltd. $3000 per year in reduced spoilage, $2500 per year in labour, and $1000 per year in packaging material. The new machine will have additional expenses of $700 per year in maintenance and $200 per year in energy. If it costs $20 000 to purchase, what is its payback period? Assume that the savings are earned throughout the year, not just at year-end.
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