Nathan is in charge of collections, and is putting together a list of customers to call. Please refer to the figure above as you answer the questions below.
-If Nathan entered the dates shown in column B directly into a formula, Excel would interpret the entry as a(n) ____.
Definitions:
Payback Period
The time it takes for an investment to generate an amount of income or cash equal to the cost of the investment.
Salvage Value
Projected value of an asset for resale once it has concluded its period of effective use.
Installation Costs
Installation costs are expenses associated with setting up or installing equipment, machinery, or other assets so they are ready for use.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life in equal annual amounts.
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