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Problem: 1:- On a typical day, Park Place Clinic writes $1,000 in checks. It generally takes four days for those checks to clear. Each day the clinic typically receives $1,000 in checks that take three days to clear. What is the clinic's average net float?
Problem: 2: - Drugs 'R Us operates a mail order pharmaceutical business on the West Coast. The firm receives an average of $325,000 in payments per day. On average, it takes four days for the firm to receive payment, from the time customers mail their checks to the time the firm receives and processes them. A lockbox system that consists of ten local depository banks and a concentration bank in San Francisco would cost $6,500 per month. Under this system, customers' checks would be received at the lockbox locations one day after they are mailed, and the daily total would be wired to the concentration bank at a cost of $9.75 each. Assume that the firm can earn 10 percent on marketable securities and that there are 260 working days and hence 260 transfers from each of the ten lockbox locations per year. a. What is the total annual cost of operating the lockbox system? b. What is the dollar benefit of the system to Drugs'R Us? c. Should the firm initiate the lockbox system?
Problem 4:
Round your answer to two decimal places. How many shares will remain after the repurchase? Round your answer to the nearest whole number.
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During the slow winter period the firm holds $10,000 in cash, $55,000 in inventory, $40,000 in accounts receivable, and $35,000 in accounts payable. Calculate Icy Treats' minimum and peak funding requirements.
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please also do some research using the resources located in the uol library. here are the questionswhat are segment
You have been asked by the local elementary school to come and explain the concept of the time value of money. Discuss this topic as you might explain it to an 8-year old child. What would you say?
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