After consultation with its employees, Sunshine Company decides to switch the employee pay period to biweekly instead
Question:
After consultation with its employees, Sunshine Company decides to switch the employee pay period to biweekly instead of weekly. Sunshine’s weekly payroll is $925,000. The annual cost of funds is 12%. Will it be beneficial for Sunshine Company to change the pay period? Explain your answer.
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To determine whether it will be beneficial for Sunshine Company to change the pay period from weekly ...View the full answer
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Principles Of Managerial Finance Brief
ISBN: 9781292267142
8th Global Edition
Authors: Chad J. Zutter, Scott B. Smart
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