The PMI, Inc. processes an estimated 200,000 checks per year from its customers. Total revenue
collected by check is $40,000,000.
The average float time until the funds are credited to PMI's
checking account is 6 days. For an extra cost of $ .06/check, PMI's bank will install a lock-box
system that will reduce float time from 6 days to 2.5 days. If PMI earns 3.5% on its checking
account, how much per check will PMI make if it uses the lock-box system?
A) $.005 B) $.008 C) $.006 D) $.007
D
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When writing promotional messages for social media sites, how does the process change?
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Which of the following is one of the leading indicators of concentrated ownership?
A. Family ownership B. Government regulation C. CEO Duality D. Sector size
Meeting agendas are unnecessary for virtual meetings where the software provides the structure
Indicate whether the statement is true or false
A high price-earnings ratio generally means that investors are optimistic about a company's future growth.
Answer the following statement true (T) or false (F)