Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 22, 2024

leeft bank offer to reduce the collection time for yoy company's daily cash recepits by two days with its cash management system. this service will

leeft bank offer to reduce the collection time for yoy company's daily cash recepits by two days with its cash management system. this service will cost you $15000 per year. currently short term money market rate average 5 percent . if you anticipate annual sales of $46.355 million, would you accept the bank's offer?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Finance questions

Question

★★★★★

In April 1999, one of Capital Blue Cross' health-care insurance plans had been in the field for three years, but hadn't performed as well as expected. The ratio of premiums to claims payments wasn't...

Answered: 1 week ago

Question

★★★★★

Describe how you could obtain a statistical profile of the amount of time spent by a program executing different sections of its code. Discuss the importance of obtaining such a statistical profile.

Answered: 1 week ago

Question

★★★★★

5-2 identify and discuss the stages in the buyer decision process. The Buyer Decision Process (177179)

Answered: 1 week ago

Question

★★★★★

1. Create a class lesson about how family members use math and reading in sewing and in house construction (Epstein & Van Voorhis, 2001).

Answered: 1 week ago

Question

★★★★★

The following data were extracted from the accounting records of Wedgeforth Company for the year ended November 30, 2010: Merchandise inventory, December 1, 2009 $ 210,000 Merchandise inventory,...

Answered: 1 week ago

Question

★★★★★

please do all parts in 45 minutes please urgently... I'll give you up thumb definitely c) Explain in the context of CAPM whether the alpha of wheat is positive or negative. In your answer, please...

Answered: 1 week ago

Question

★★★★★

i have the code (java) i want the answers Task 1 (NN Queens problem): 100% An NP-complete problem is a fascinating kind of problem because till now no one has discovered the polynomialtime algorithm...

Answered: 1 week ago

Question

★★★★★

Quantify an assessment endpoint for an organization's industrial activities Reference is mandatory

Answered: 1 week ago

Question

★★★★★

16.Rogers technical support is busy 90% of the time. If Mr. Frustrated calls 10 times a. What is the probability that 8 or more times will be busy? b. What is the expected number of times it will be...

Answered: 1 week ago

Question

★★★★★

Summarize the discussion with your field instructor by addressing the following: Propose the new policy that, if implemented, might more comprehensively meet the needs of the clients that come to the...

Answered: 1 week ago

Question

★★★★★

QUESTION 2 Fattah is charged RM15,000 for his medical eye treatment that he received from Southern Medical Centre. He intended to withdraw from his EPF Account 2 to pay for the medical expenses. His...

Answered: 1 week ago

Question

★★★★★

7. Using the stress strain curve below, determine the following (21) Property Young's Modulus (4) Value Yield Strength (3) Ultimate Tensile Strength (2) Total Strain at Failure (2) Plastic Strain at...

Answered: 1 week ago

Question

★★★★★

Hernandez Engineering borrows $6,500, at 6 1 2 % interest, for 120 days. If the bank uses the ordinary interest method, how much interest (in $) will the bank collect? (Round your answer to the...

Answered: 1 week ago

Question

★★★★★

X-1 Find the domain of the function f(x) : x 1 2 - O (-00, -1) U (-1, ) O (-00, 1) U (1, ) O -00, -1) U (-1, 1) U (1, 0) O (- 1, 1)

Answered: 1 week ago

Question

★★★★★

Expected return: This is the return that an individual expects a stock to earn over the next period. Of course, because this is only an expectation, the actual return may be either higher or lower....

Answered: 1 week ago

Question

★★★★★

(In fact, he could even choose the end point by investing all his money in Supertech.) An investor with less tolerance for risk might choose portfolio LO.1

Answered: 1 week ago

Question

★★★★★

Note that the curve is backward bending between the Slowpoke point and MV. This indicates that, for a portion of the feasible set, standard deviation actually decreases as we increase expected...

Answered: 1 week ago

Previous Question Next Question