Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Spontaneous sources of funds, accruale When Tallman Haberdashery, Inc., merged with Meyers Men's Suits, Inc., Tallman's employees were switched from a weekly to a biweekly

image text in transcribed
Spontaneous sources of funds, accruale When Tallman Haberdashery, Inc., merged with Meyers Men's Suits, Inc., Tallman's employees were switched from a weekly to a biweekly pay period. Tallman's weekly payroll amounted to $380,000. The cost of funds for the combined firms is 12%. What annual savings, if any, are realized by this change of pay period? The annual savings that the firm can realize is $ (Round to the nearest dollar) Enter your answer in the answer box. Macho

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Rockin Your Business Finances

Authors: Chrstine Odle

1st Edition

0999135104, 9780999135105

More Books

Students also viewed these Finance questions

Question

years ago. d Only using studies which feature empirical data.

Answered: 1 week ago