Author Question: A large corporation has annual sales revenues of 6 billion. The corporation currently earns 2.25 on ... (Read 47 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
A large corporation has annual sales revenues of 6 billion. The corporation currently earns 2.25
  on its money-market account.
 
  If the corporation can reduce its float by three days by making its
  billing and collection functions more efficient, the company's operating profits will increase by
  approximately
  A) 2,196,500. B) 3,069,863. C) 1,350,000. D) 1,109,589.

Question 2

Mary will receive 12,000 per year for the next ten years as royalty for her work on a finance book. What is the present value of her royalty income if the opportunity cost is 12 percent? (Round to the nearest whole dollar)
 
  A) 120,114
  B) 67,803
  C) 65,640
  D) 56,793



krakiolit

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

For a complete list of videos, visit our video library