Answer: $22637.98
Explanation:
Based on the information given in the question, the equivalent annual cost of the tool will be calculated as:
We first calculate the present value which will be:
= 10000 + 20000/(1+.10) + 20000/(1+.10)^2 + 20000/(1+.10)^3 + 20000/(1+.10)^4 + 20000/(1+.10)^5
= $85815.74
The the equivalent annual cost will be:
= Present Value/PVIFA(10%,5)
= 85815.74/3.7908
= $22637.98
Growth theory focuses on long run time horizons, whereas business cycles investigate short run time spans.
What is short run and long run in business cycle?
- Each nation’s economy varies between periods of extension and contraction.
- These changes are caused by levels of business, efficiency, and the whole request for and supply of the nation’s products and administrations.
- In the short-run, these changes lead to periods of development and retreat.
- But within the long-run, financial development can happen, permitting a country to extend its potential level of yield over time.
- Business cycles regularly care around short-term vacillations within the economy, that's five a long time or less.
- While growth hypothesis is more long-term arranged, they center on the long term enhancement of the economy.
- The time skyline for that's more than five a long time.
To know more about short run and long run visit:
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Answer:
(1) (i) 9.16 times
(ii) 39.845 days
(2) Yes
Explanation:
1. Net credit sales = 35,497
Average net receivables = (3,391 + 4,359) ÷ 2
= 3,875
So,
Receivables turnover ratio = Sales revenue (2022) ÷ Average net receivables
= 35,497 ÷ 3,875
= 9.16 times
However I don't know how they got the net receivables figure, because:
Gross receivable - ADA = net receivable,
but it doesn't work out like this above, so since the net receivable is given, I just used it as given.
Average collection period = 365 days ÷ Receivables turnover
= 365 ÷ 9.16
= 39.845 days
2. In order for something to be "material" it must be important.
Accounts Receivable are part of current assets and they are very important, so the answer is yes.
