Business, 14.05.2021 05:10, jamayeah02
A company has contracted with their bank to do a collection float study of their current collections process and tried to decide if to use lockbox service provided by the bank. The company has on average sale 80 million per month. Assume 30 days per month. For an average month, the bank has determined that the company has three basic batches of collections with associated collection float as listed below:
Batch Avg Collections Days of Float
#1 (Local) $ 25,000,000 2
#2 (Regional) $ 15,000,000 4
#3 (Distant) $ 40,000,000 6
The annual volume of checks is 12,000. The company's cost of capital is 7%. If the checks are processed internally, the processing fee would be $0.25 per item. If changing to a lockbox would have no effect on the local collection, but would reduce the regional float by 1 day and the distant float by 2 days. But the lockbox costs $10,000 per year and $0.5 per item processing fee. What is the net profit using lockbox service?
a) $3,153,667
b) $11,666,667
c) $221,667
d) $208,667
Answers: 1
Business, 21.06.2019 16:10, cgarnett5408
Aldrich and co. sold goods to donovan on credit. the amount owed grew steadily, and finally aldrich refused to sell any more to donovan unless donovan signed a promissory note for the amount due. donovan did not want to but signed the note because he had no money and needed more goods. when aldrich brought an action to enforce the note, donovan claimed that the note was not binding because it had been obtained by economic duress. was he correct? [aldrich & co. v. donovan, 778 p.2d 397 (mont.)]
Answers: 1
Business, 22.06.2019 01:30, esquiveljadyn8054
Monica needs to assess the slide sequence and make quick changes to it. which view should she use in her presentation program? a. outline b. slide show c. slide sorter d. notes page e. handout
Answers: 1
Business, 22.06.2019 19:30, jaybeast40
Oz makes lion food out of giraffe and gazelle meat. giraffe meat has 18 grams of protein and 36 grams of fat per pound, while gazelle meat has 36 grams of protein and 18 grams of fat per pound. a batch of lion food must contain at least "46,800" grams of protein and 70,200 grams of fat. giraffe meat costs $1/pound and gazelle meat costs $2/pound. how many pounds of each should go into each batch of lion food in order to minimize costs? hint [see example 2.]
Answers: 1
Business, 22.06.2019 22:00, toxsicity
Which of the following statements about nonverbal communication is most accurate? a. the meanings of some gestures can vary among cultures b. the way an e-mail, letter, memo, or report looks can have either a positive or a negative effect on a receiver c. the manner in which we structure and use time can reveal our personalities and attitudes d. all statements are accurate
Answers: 1
A company has contracted with their bank to do a collection float study of their current collections...
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