Acalifornia firm is planning to use a lockbox system to speed up collections from its customers located on the east coast. a philadelphia-area bank will provide this service for an annual fee of $6500 plus 10 cents per transaction. the estimated reduction in collection and processing time is one day. if the average customer payment in this region is $2900, how many customers each day, on average, are needed to make the system profitable for the firm? the firm can invest in treasury bills, currently yielding 4% per year, and there are 365 days per year.

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.

Nicholas makes $2,000 per month. he spends $300 on credit card payments and $350 on an auto loan. what is his debt-to-income ratio? 17.5 percent 22 percent 2.7 percent 32.5 percent