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
Aerial and close-up views of a large biodiversity experiment in Cedar Creek, Minnesota. Each of the
Annual Rings
Aneurysm. Photograph of the aorta, the large blood vessel arising from the heart, with a large bulge
The Sun giving out a large geomagnetic storm
Examples of USP labels Source: Courtesy of Novartis Pharmaceuticals Corporation and Mallinckrodt Pha