Question
Mercy Hospital is considering shifting its payroll period from twice a month to monthly. Total payroll for the year is $80 million. Billings can earn
Mercy Hospital is considering shifting its payroll period from twice a month to monthly. Total payroll for the year is $80 million. Billings can earn 6% on its invested money. How much would the Mercy Hospital save from such a change? (Hint: Use the time value of Money concept to answer this question).
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Finance For Non Financial Managers
Authors: Gene Siciliano
1st Edition
0071413774, 978-0071413770
