Reference no: EM131316140
A mail-order firm processes 5,900 checks per month. Of these, 60 percent are for $49 and 40 percent are for $81. The $49 checks are delayed two days on average; the $81 checks are delayed three days on average. Assume 30 days in a month.
a-1 What is the average daily collection float?
Average daily collection float $
a-2 How do you interpret your answer?
On average, there is $ that is (Click to select)collecteduncollected and (Click to select)not availableavailable to the firm.
b-1 What is the weighted average delay? (Round your answer to 2 decimal places. (e.g., 32.16))
Weighted average delay days
b-2 Calculate the average daily float.
Average daily float $
c. How much should the firm be willing to pay to eliminate the float?
Maximum payment $
d. If the interest rate is 7 percent per year, calculate the daily cost of the float. (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Daily cost of the float $
e. How much should the firm be willing to pay to reduce the weighted average float to 1.5 days?
Maximum payment $
|
What was more important teaching students to read or to run
: "What we've discovered and what we know is the higher the fitness score, the higher the academic score," One principal told her the challenge is to determine what was more important: teaching students "to read or to run
|
|
How much will your collection be worth when you retire
: Your coin collection contains 59 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2069, assuming they appreciate at an annual rate of 5 percent..
|
|
What is the determinant expansion for the curl of a vector
: What is the significance of the curl of a vector being equal to zero?
|
|
Explain the pros and cons of implementing the trends
: Research the future of policing and find two future trends in policing of interest to the team. Examples include the following:Predictive policing This is my part,Biometrics.
|
|
What is the average daily collection float
: A mail-order firm processes 5,900 checks per month. Of these, 60 percent are for $49 and 40 percent are for $81. The $49 checks are delayed two days on average; the $81 checks are delayed three days on average. Assume 30 days in a month. What is the ..
|
|
What is the maximum unilateral transducer gain
: What is the maximum unilateral transducer gain in dB - Design two-element matching networks with lumped components.
|
|
Discuss physical interpretation of ampere''s circuital law
: State Ampere's circuital law in differential form for the general case of an arbitrary magnetic field. How is it derived from its integral form?
|
|
Measures of acceptance of changes
: As is usually the case, it is possible to achieve some measures of acceptance of changes. The way you respond will affect your ability to do this. However, in real life, it rarely happens this quickly
|
|
What does the parol evidence rule do
: As the CEO of a high tech company, you become aware that your chief competitor is working on a new computer program that will revolutionize your industry. You know that if you can find out several key functions about the new product, your own prog..
|