User Account

All Pages

What annual savings can aqua system expect

Assignment Help Finance Basics
Reference no: EM131410371

Finance: Lock-box system, cost of trade credit

Question

Aqua System Inc. expects to have $25,623,100 in credit sales during the coming year. Currently all checks are sent to the home office. A proposed lockbox system can eliminate 4 days of float, releasing funds which, when invested, will earn 5.79 percent per year. What annual savings can Aqua System expect if the system is implemented? Use a 365-day year. Round the answer to two decimal places.

Reference no: EM131410371

Questions Cloud

What characteristics make one more scientifically valid : What characteristics make one more scientifically valid than the other? Be sure to indicate which resource is the scientifically reputable resource and which resource's reliability is questionable
Prepare a presentation about a sacred place in mythology : Prepare a presentation about a sacred place in mythology, for example, the Oracle at Delphi or the Mahabodhi Temple. This place may or may not currently exist
How reliable does this scheme seem : Jamie O'Connor appraises his employees using the views of two managers. In one department the two managers rank staff as follows. How reliable does this scheme seem?
Duct with a mass flow rate : Air at 35°C and 1 bar enters a duct with a mass flow rate of 1 kg/s. Saturated liquidwater at 20°C is sprayed with a mass flow rate of 10 g/s and enters the duct parallel to the air. At the duct exit all the liquid water has evaporated so that it ..
What annual savings can aqua system expect : A proposed lockbox system can eliminate 4 days of float, releasing funds which, when invested, will earn 5.79 percent per year. What annual savings can Aqua System expect if the system is implemented?
What is the line of best fit through the following results : Ten experiments were done to find the effects of bonus rates paid to the sales team. What is the line of best fit through the following results? How good is the fit?
Evaluate strategic implications for domestic markets : Evaluate strategic implications for domestic and international markets of an organization's industry. Develop and recommend strategies for an organization's sustainable competitive advantage
Perform an initial search to learn about green initiatives : Local government leaders have asked you to provide information and recommendations for increasing sustainability in the community.Perform an initial search to learn about green initiatives for a city in your area. A summary of green initiatives fo..
What is the annual carrying costs of post card inventory : Post Card Depot, an large retailer of post cards, orders 3,428,110 post cards per year from its manufacturer. What is the annual carrying costs of post card inventory?

Reviews

Write a Review

Finance Basics Questions & Answers

  Explain how a forward swap is like a swaption

Explain how a bank could use a swaption to hedge the possibility that it will enter into a pay floating, receive-fixed swap at a later date ?

  How it assists in the aftermath of an international disaster

Name one international financial institution, and describe how it assists in the aftermath of an international disaster.

  Explain the internalization theory of fdi

Explain the internalization theory of FDI. What are the strengths and weaknesses of the theory?

  What is meant by the homogeneous assumption in the capm

Why is the CAPM's assumption that investors can borrow and lend at the risk-free rate questionable?- What is meant by the "homogeneous assumption" in the CAPM?

  Does the short-run aggregate supply curve also have to shift

If the short-run aggregate supply curve shifts, does the long-run aggregate supply curve also have to shift? (Hint: Consider the factors that shift each curve and determine whether these factors also shift the other curve.)

  Calculate return on the stock

Assume that you buy a stock for $48 by paying $25 and borrowing the remaining $23 from a brokerage firm at 8 percent yearly interest. The stock pays an annual dividend of $0.80 per share,

  Allowance for children and teens

1) Which of the following is the smartest way to handle allowance for children and teens?

  How to use the payroll features of the software

Discuss the following items this week regarding your pay stub and the payroll process within your current or a former organization: how to use the payroll features of the software

  Which version of office do you recommend for her

The application she plans on using are Word, Excel, and Outlook. Which version of Office do you recommend for her?

  Possible for conflicts of interest

Even though firms follow the accounting rules (GAAP) when presenting their financial statements, it is still possible for conflicts of interest to exist between what management wants investors and creditors to see and the economic reality of trans..

  What is the time premium

What is the time premium

  Which of the given payments would be considered pos

FIN 369- In the terminology used by BL, which of the following payments would be considered POS? In the terminology used by BL on p. 4, which of the payments in Question 2 would be considered remote commerce?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd