Acompany is considering the purchase of a new machine for $65,000. management predicts that the machine can produce sales of $21,000 each year for the next 10 years. expenses are expected to include direct materials, direct labor, and factory overhead totaling $9,600 per year including depreciation of $5,700 per year. income tax expense is $4,560 per year based on a tax rate of 40%. what is the payback period for the new machine

John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.