What are the limitations of the payback period as an, Finance Basics

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What are the limitations of the payback period as an

Need help answering these questions. Thanks.

1- What are the limitations of the payback period as an investment decision criterion for your workplace or within your family household?
What are its advantages of using payback period within your family household? Why do you think it is used so frequently?

Please remember to illustrate your answer by sharing a business or personal experience

2- By sharing your work or personal experiences, please explain what factors determine the size of the investment a firm makes in accounts receivable? Which of these factors are under the control of the financial manager?

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