What are the expected annual savings from a lock-box system that collects 150 cheques per day...
What are the expected annual savings from a lock-box system that collects 150 cheques per day averaging $500 each, and reduces mailing and processing times by 2.5 and 1.5 days respectively, if the annual interest rate is 7 percent?
$5,250
$13,125
$21,000
$300,000
Homework Answers
$21,000
Annual savings = average collections x time saved x annual interest rate
= 150 x $500 x (2.5 + 1.5) x .07
= $21,000
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What are the expected annual savings from a lock-box system that
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QUESTION 10 Consider the monthly data, including the estimates for March 2020, and the information in...
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Consider the monthly data, including the estimates for March
2020, and the information in the articles. Which of the following
is the best analysis of and prediction for the money market in the
U.S. economy for the next few months?
a.
Shortages are causing panic buying by households, which has
increased money demand. Lenders are increasing their lending to
keep up with the needs of households and businesses. Money demand
is increasing more than money supply.
b.
Shortages...
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QUESTION 10
Consider the monthly data, including the estimates for March
2020, and the information in the articles. Which of the following
is the best analysis of and prediction for the money market in the
U.S. economy for the next few months?
a.
Shortages are causing panic buying by households, which has
increased money demand. Lenders are increasing their lending to
keep up with the needs of households and businesses. Money demand
is increasing more than money supply.
b.
Shortages...
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