Business, 10.03.2020 03:01 unknown9263
A mail-order firm processes 5,100 checks per month. Of these, 60 percent are for $41 and 40 percent are for $73. The $41 checks are delayed two days on average; the $73 checks are delayed three days on average. Assume 30 days per month.
a. What is the average daily collection float? How do you interpret your answer
b. What is the weighted average delay? Use the result to calculate the average daily float.
c. How much should the firm be willing to pay to eliminate the float?
d. If the interest rate is 7 percent per year, calculate the daily cost of the float.
e. How much should the firm be willing to pay to reduce the weighted average float to 1.5 days?
Answers: 2
Business, 21.06.2019 21:00
Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be?
Answers: 2
Business, 22.06.2019 09:00
Drag the tiles to the correct boxes to complete the pairs.(there's not just one answer)match each online banking security practice with the pci security requirement that mandates it.1. encrypting transfer of card data2. installing a firewall3. installing antivirus software4. assigning unique ids and user namesa. vulnerability management programb. credit card data protectionc. strong access controlsd. secure network
Answers: 3
Business, 22.06.2019 11:00
When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations
Answers: 1
Business, 22.06.2019 21:30
The year-end financial statements of calloway company contained the following elements and corresponding amounts: assets = $34,000; liabilities = ? ; common stock = $6,400; revenue = $13,800; dividends = $1,450; beginning retained earnings = $4,450; ending retained earnings = $8,400. based on this information, the amount of expenses on calloway's income statement was
Answers: 1
A mail-order firm processes 5,100 checks per month. Of these, 60 percent are for $41 and 40 percent...
History, 30.11.2020 21:40
Physics, 30.11.2020 21:40
Social Studies, 30.11.2020 21:40
History, 30.11.2020 21:40
Physics, 30.11.2020 21:40