14. A business had recorded sales of 70,000 and purchases of 50,000 for an accounting period. Closing payables (creditors) for the same period were established at 6,800. Calculate average creditors repayment period. a) 35.45 days b) 49.64 days c) 50.21 days d) 52.86 days 15. Which of the following shows the present value of 8,000 receivable at the end of a 5-year time period at an interest rate of 8%? a) 5,448 b) 5,960 c) 31,944 d) 40,000