subject
Business, 29.04.2021 20:30 steves9994

Solid Financial provides lockbox services. They estimate that your firm can reduce its average collection mail time by 1.6 days and the clearing and processing time by 1.2 days by implementing their system. Your firm receives 74 checks a day with an average value of $9,750 each. The current T-Bill rate is .014 percent per day. Assume a 365-day year. What is the net amount of annual income your firm can earn if it installs this service at an annual cost of $48,000

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 16:00
Corey is trying to save money to buy a new tv. he invests $800 into an account paying 6.5% simple interest. for how long must he save if the tv costs $950? a. 2 years b. 3 years c. 4 years d. 5 years
Answers: 1
question
Business, 22.06.2019 01:10
Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ
Answers: 3
question
Business, 22.06.2019 04:30
4. the condition requires that only one of the selected criteria be true for a record to be displayed.
Answers: 1
question
Business, 22.06.2019 06:30
If the findings and the results are not presented properly, the research completed was a waste of time and money. true false
Answers: 1
You know the right answer?
Solid Financial provides lockbox services. They estimate that your firm can reduce its average colle...
Questions
question
Chemistry, 20.09.2020 09:01
question
Social Studies, 20.09.2020 09:01
question
History, 20.09.2020 09:01
Questions on the website: 13722363