What recommendation would you make

Assignment Help Finance Basics
Reference no: EM132035793

Ocean Research of San Diego, California, just received a check in the amount of $800,000 from a customer in Bangor, Maine. If the firm processes the check in the normal manner, the funds will become available in 6 days. To speed up this process, the firm could send an employee to the bank in Bangor in which the check is drawn to present it for payment. Such action will cause the funds to become available after 2 days. If the cost of the direct send is $650 and the firm can earn 11% on these funds, what recommendation would you make? Explain.

Reference no: EM132035793

Questions Cloud

What other passive verbs do you see in the essay : What other passive verbs do you see in this essay? What effect does this linguistic pattern have on you as a reader?
What does the bond currently sell for : It has a YTM of 6% and the coupons are paid semiannually at a 11% annual rate. What does the bond currently sell for? (Show workings)
What is the yield to maturity of this bond : The bond has a coupon rate of 6.3 percent paid annually and matures in 19 years.
What is the content and style of your typical movements : Describe two behavior settings and their characteristic scripts which you believe were typical of environs which helped to shape you
What recommendation would you make : If the cost of the direct send is $650 and the firm can earn 11% on these funds, what recommendation would you make? Explain.
Discuss wwii in asia and the impact of the war on korea : Discuss WWII in Asia and the impact of the war on Korea, China, and Japan. You can focus on India, Korea, or China, or Japan, or Vietnam. You are the director.
What is the net present value of the investment : The investment will cost you $ 6,255 today. If the appropriate Cost of Capital is 10.3 %, what is the Net present Value of the investment?
Explain the impact of world war ii on asian countries : World War II started in 1937 when Japan invaded China. The war continued for eight years, and it influenced the lives of people living in China.
How are savings banks and savings : How are savings banks and Savings & Loans similar but yet also very different.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

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