What annual saving can aqua system expect

Reference no: EM131934115

Question: Aqua System INC.experts to have $20,416,100 in credit sales turning the coming year.Currently, all checks are sent to the home office.A proposed lockbox system can eliminate 3 days of float, implemented releasing fund which, when invested, will earn 8.84 percent per year. What annual saving can Aqua System expect if implemented? Use a 365 day year.

Round answer to two decimal places.

Reference no: EM131934115

Questions Cloud

Dollar-weighted annual return for over period for investment : What is your dollar-weighted annual return for over this period for this investment? Enter answer in percents, to two decimal places.

Determining the large department store chain : Discussion Response: Glenn was recently promoted to be the manager of a new store being opened by a large department store chain.

Make a comparison of the company with the industry level : Make a comparison of the company with the industry level in terms of revenue growth, Gross Profit Margin, Operating Profit Margin, and Return on Assets.

Job design lessons of ancient story : What are the motivation and job design lessons of this ancient story? Relate to one of the workers in the story and discuss what motivated

What annual saving can aqua system expect : Aqua System INC.experts to have $20,416,100 in credit sales turning the coming year.Currently, all checks are sent to the home office. A proposed lockbox system

Handle all the new technology : There's no way they can keep up the pace and handle all the new technology we're getting these days. You can listen and forget, or you can listen and act.

Alignment between strategy and structure : 1. Why is it important for an organization to have alignment between its strategy and structure?

Solve for the economic order quantity : (a) In the EOQ model, unit product cost or selling price, C, is not included in the formula we use to solve for the economic order quantity.

What is the amount of the firm net fixed assets : The Ashwood Company has a long -term debt ratio 0.45 and a current ratio of 1.25. Current liabilities are $ 875, sales are $ 5, 780 profit margin is 9.5 %.

User Account

All Pages