The peridot company purchased machinery on january 2, 2016, for $1,000,000. a five-year life was estimated and no residual value was anticipated. peridot decided to use the straight-line depreciation method and recorded $200,000 in depreciation in 2016 and 2017. early in 2018, the company revised the total estimated life of the machinery to eight years. required: 1. what type of change is this

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