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Clearwater Glass Company examined its cash management policy and found that it takes an average of five days for checks that the company writes to reach its bank and thus to be deducted from its checking account balance. On the other hand, an average of four days elapses from the time Clearwater Glass receives payments from its customers until the funds are available for use at its bank.On the average day clearwater glass writes checks that total 70,000 and it recieves checks from customers that total 80,000.
(a) Compute the disbursement float, collection float, and net floats in dollars.
(b) If clearwater glass has an opportunity cost equal to 10%, how much would it be willing to spend each year to reduce collections delay "float" by two days?
This year Amy purchased $2,200 of equipment for use in her business. However, the machine was damaged in a traffic accident while Amy was transporting the equipment to her business.
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The housekeeping departmenent at ricardo clinic, a multispecialty practice in Corpus christi had 152318.00 in direct cost during last year. These costs must be allocated to three revenue producing patient serices departments using the direct meth..
Consider a 30-year mortgage at an interest rate of 12% compounded monthly with a $900 monthly payment. What is the total amount paid in interest
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