Flashbinder Guitars, Inc is negotiating with the bank for a lockbox system that is expected to
reduce check collection time by 4 days.
Flashbinder Guitars' average check size is $1,200 and any
funds freed up by the new system will be invested in a money-market account that is currently
paying 2.5% annually. What is the most Flashbinder Guitars should be willing to pay the bank for
the lockbox service, assuming the bank charges a per-check processing fee?
A) 32.877 cents B) 20.500 cents C) 29.767 cents D) 30.726 cents
A
You might also like to view...
The ROI of a campaign, the value of a prospect, and the response rates in direct marketing are all examples of ________
A) promotions B) marketing metrics C) action plans D) situation analysis E) corporate culture
Divide the following word into syllables: inseparable
A) ins ep ar a ble B) in sep ara ble C) in sep ar a ble D) in se par able
Researchers have determined that Fortune 500 firms convicted of illegal conduct earned significantly lower returns on assets than firms that had not been convicted of wrongdoing
a. True b. False Indicate whether the statement is true or false
Which of the following can be used to measure the shape of a distribution?
a.Mean b.Mode c.Kurtosis d.Median