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
Large Skipper
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Albatrosses brood young chicks until they are large enough to thermoregulate.
Seven black members of Congress in 1871 are from left to right: Senator Hiram Revels (R-MS) and Repr
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As shown in the figure, a large open tank contains a layer of oil ( density 450 kg/m3) floating ...