Wholesaling are conditional middle men they buy large bulk's from manufactures, most of the time with their own transportation their niche's and they sell and deliver in smaller quantities to retailers and charge more per unit.
According to the "Discounted Payback Period Rule," a business will approve a project if the calculated payback is shorter than a predetermined period of years.
Definition of Period of Repayment
The number of years required to recover the initial financial investment is referred to as "payback time." In other words, it measures how long a machine, facility, or other investment has produced enough net income to cover its costs.
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What are NPV and payback period?</h3>
While NPV (Net Present Value) is calculated in terms of money, payback technique refers to the length of time required for a return on investment to equal the initial investment. Payback, NPV, and countless more metrics are examples of approaches to measure the worth of a project.
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Answer:
$718,400
Explanation:
For computation of total amount of cash payments first we need to find out the decrease in merchandise, purchases and increases in accounts payable which is shown below:-
Decrease in merchandise = Balance at the beginning of the year - Balance at the end of the year
= $218,000 - $204,200
= $13,800
Purchases = Cost of goods sold - Decrease in merchandise
= $738,000 - $13,800
= $724,200
Increase in Accounts Payable = Accounts Payable balance at the end of the year - Accounts payable at the beginning of the year
= $102,000 - $96,200
= $5,800
Cash paid for merchandise = Purchases - Increase in Accounts Payable
= $724,200 - $5,800
= $718,400