April, and May, Year 0008: Credit card sales revenueislcrch average of every three days and the amount end of the month represents 6% of the month's credit card sales Accounts receivable sales are collected in the month follow Using the following information regarding sales, calculate thee for the months of April and May, Year 0008. E11.7 The following information is available regarding sales r on the at the remaining uncollect March Apri May $46,100 S49,200 $52,80 Sales revenue Cash sales (32% of sales) Credit card sales (64% of sales) Accounts receivable sales (4% of sales) 14,752 15,744 16,8 29,504 31,488 33,79 1.844 1968 2,11 g& point-of-sale avings was calculated to be $1,400 m e investment cost of $5,620. What is the accounting rate of on an average re eturn (ARR) on the terminal? on is provided on two machines, which had an original cost of E12.278,400 for Machine X and $26,200 for Machine Y Machine X $1,440 $4,840 $6,280 Machine Y Net annual savings Add: Depreciation Net annual cash savings $3,560 5,240 $8,800 a. Which is the best investment using the payback period method? b. Will either of the machines provide the cash investment back in less than 4 years? no salvage value and straight-line depreciation is used. The equipment i expected to provide an annual savings of $2,900, which does not include depreciation. What is the payback period? 2.3 Investment in an item of equipment is $22,000. It has a five-year life and