GAQM Exam CLSSYB-001 Topic 4 Question 56 Discussion

Actual exam question for GAQM's CLSSYB-001 exam

Question #: 56
Topic #: 4

Training cost $2,500 and a project required an initial investment of $23,500. If the project yields monthly savings of $2,500 beginning after 4 months, what is the payback period in months (before money costs and taxes)?

A7.2

B10.4

C14.4

D28.8

Show Suggested Answer

Suggested Answer: B

by Doug at Sep 14, 2024, 06:38 AM

Limited Time Offer

25%

Off

Get Premium CLSSYB-001 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Fidelia

20 days ago

Payback period? More like 'never get your money back' period! I'll just go with the highest option, D) 28.8 months, and hope for the best.

upvoted 0 times

Mindy

21 hours ago

I agree, it's hard to calculate exactly. Let's just hope for the best with option D) 28.8 months.

upvoted 0 times

...

Skye

2 days ago

I'm not sure, but I feel like it might be longer than 10.4 months. Maybe option C) 14.4 months?

upvoted 0 times

...

Shalon

3 days ago

I think the payback period is shorter than 28.8 months. Maybe around 10.4 months, option B)?

upvoted 0 times

...

Virgie

29 days ago

Okay, let me think this through step-by-step. Ah, I got it! The answer is B) 10.4 months. This is going to be a breeze!

upvoted 0 times

...

Emilio

1 months ago

Haha, this is like a financial riddle! I'm going to go with C) 14.4 months. Who knows, maybe I'll get lucky!

upvoted 0 times

...

Queenie

1 months ago

Wait, what? How do you even calculate this? I'm going to go with D) 28.8 months, just because it sounds the most reasonable.

upvoted 0 times

Tequila

2 days ago

That makes sense. I'll change my answer to A) 7.2 months as well.

upvoted 0 times

...

Tequila

20 days ago

I see, thanks for explaining. I think I'll go with A) 7.2 months then.

upvoted 0 times

...

Tequila

21 days ago

It's actually calculated by dividing the initial investment by the monthly savings. So, the answer is A) 7.2 months.

upvoted 0 times

...

Chauncey

2 months ago

I think the answer is A) 7.2 months. The monthly savings are $2,500 and the initial investment is $23,500, so the payback period should be around 7.2 months.

upvoted 0 times