1. Two Doors Down, Inc., has weekly credit sales of $31,800, and an average collection period of 36 days. What is the company's average amounts receivble figure?
2. A new sander costs $3,600 and has an annual maintenance cost of $400. Salvage value after 7 years is $600. If the interest rate is 10%, what is the present value?
3. The Florida lottery agrees to pay the winner $253,000 at the end of each year for the next 20 years. What is the future value of this prize if each payment is put in an account earning 0.10?