the midpoint of 59 and 65 is 62
The statement which describes what the Days' sales uncollected ratio assesses how to measure how quickly a company can convert its accounts receivables into cash.
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What is Sales uncollected ratio?</h3>
This helps measure the days the company will receive cash and is an important ratio for the company's investors and creditors.
This measures how fast a company will receive cash payment for its goods and services.
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Answer:
C. 4.29 years
Explanation:
The computation of the payback period is shown below:
Payback period = Initial investment of the equipment ÷ Cash flows
where,
Initial investment = $30,000
And, the cash flows is
= $8,500 - $1,500
= $7,000
So the payback period is
= $30,000 ÷ $7,000
= 4.29 years
By dividing the initial investment by the cash flows we can get the payback period and the same is applied above.
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The answer is C. Extrusive.
Extrusive is not a type of sedimentary rock.
I hope this helps!
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