Maria Moneybags keeps $1,000 in her sock drawer for three consecutive years. Calculate the real value of this $1,000 at the beginning of the third year. Over the third year, the inflation rate is 10%, as it has been every year previous. What is the real inflation tax for the third year

Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44