Business, 05.02.2020 13:50 chicapunk1736
Anne teak, the financial manager of a furniture manufacturer, is considering operating a lock-box system. she forecasts that 600 payments a day will be made to lock boxes with an average payment size of $2,000. the bank’s charge for operating the lock boxes is $0.40 a check. the interest rate is 0.013% per day. a. if the lock box makes the cash available 2 days earlier, calculate the net daily advantage of the system. (do not round intermediate calculations.) b. is it worthwhile to adopt the system? yes no c. what minimum reduction in the time to collect and process each check is needed to justify use of the lock-box system? (do not round intermediate calculations. round your answer to 2 decimal places.)
Answers: 3
Business, 21.06.2019 14:20
What is the proper adjusted cash balance per bank? (round answers to 2 decimal places, e.g. 52.75.) the proper adjusted cash balance per bank $enter a dollar amount rounded to 2 decimal places (b) what is the proper adjusted cash balance per books? (round answers to 2 decimal places, e.g. 52.75.) the proper adjusted cash balance per books
Answers: 3
Business, 22.06.2019 01:20
Cindy recently played in a softball game in which she misplayed a ground ball for an error. later, in the same game, she made a great catch on a very difficult play. according to the self-serving bias, she would attribute her error to and her good catch to her
Answers: 1
Business, 22.06.2019 14:00
Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.
Answers: 2
Business, 22.06.2019 21:10
Ahospital purchases a $500,000 magnetic resonance imaging (mri) machine that has a useful life of 9 years. the salvage value at the end of 9 years is $77,000. (a) write a linear equation that describes the value y (in dollars) of the mri machine in terms of the time t (in years), 0 ≤ t ≤ 9. (b) find the value, in dollars, of the machine after 6 years. $ (c) find the time, in years, when the value of the equipment will be $140,000. (round your answer to two decimal places.) yr
Answers: 2
Anne teak, the financial manager of a furniture manufacturer, is considering operating a lock-box sy...
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