Flashbinder Guitars, Inc is considering a lockbox system that will increase its check processing cost
by $.20 per check.
The company estimates an average check size of $900 and expects any funds
freed up by the new lockbox system can be invested in an account that earns 4% per year before
taxes. What reduction in collection time is necessary for the lockbox to be beneficial to Flashbinder
Guitars, Inc?
A) 1.73 days B) 2.15 days C) 2.03 days D) 1.96 days
C
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The base unit for measuring length in the metric system is the _____________________
a. liter b. meter c. kilogram d. mole
Dundon and Rollinson (2007) use which of the following terms to refer to the difference between how much influence employees report having over management decisions and how much influence they would like:
a. deficit gap b. voice gap c. representation gap d. influence gap
Factors that lead to a low-cost position also provide substantial entry barriers to substitute and new products as is demonstrated by the retailer, Aldi, whose focus on minimizing costs across the entire operation permits it to position well against competitors such as Walmart.
Answer the following statement true (T) or false (F)
A premium reduces the interest expense of a bond over its life.
Answer the following statement true (T) or false (F)