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
(a) Large buttress roots in a tropical rain forest
Large intestine
Seven black members of Congress in 1871 are from left to right: Senator Hiram Revels (R-MS) and Repr
Postage meters are used for large mailings.
Flow Patterns and Large-Scale Weather
Determine the nominal annual rate of interest of the following ordinary general annuity.