Luther, a caterer, is investing some money in equipment and employees to help grow his business. Recently he spent $100 on equipment and hired a server who makes $10 per hour. Luther is hoping to make up these expense at the next job that is scheduled, which pays a base of $50 in addition to $15 per hour that the server works. In theory, this event could pay enough to cancel out Luther's expenditures. How long would the job have to be?

Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44