To manage accruals better, Alliance Rental will switch from paying its employees every week to paying employees

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To manage accruals better, Alliance Rental will switch from paying its employees every week to paying employees every two weeks. Alliance has 60 employees who work a 40-hour week and earn an average wage of $18.75 per hour. Using a 6% rate of interest, how much will this change save the firm annually?

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Principles Of Managerial Finance

ISBN: 9781292400648

16th Global Edition

Authors: Chad Zutter, Scott Smart

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