« previous next »

Author Question: A large corporation has annual sales revenues of 6 billion. The corporation currently earns 2.25 on ... (Read 298 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
on: Jul 10, 2018
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
Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

The Red-bearded Bee-eater Nyctyornis amictus is a large species of bee-eater found in the Indo-Malay The Red-bearded Bee-eater Nyctyornis amictus is a large species of bee-eater found in the Indo-Malay
Part of the Hubble Ultra-Deep Field image showing a typical section of space containing galaxies int Part of the Hubble Ultra-Deep Field image showing a typical section of space containing galaxies int
Airflow through the large diameter upper intake manifold is distributed to smaller diameter ... Airflow through the large diameter upper intake manifold is distributed to smaller diameter ...
The Globe Fishery packs shrimp that weigh more than 1.91 ounces each in packages marked large ... The Globe Fishery packs shrimp that weigh more than 1.91 ounces each in packages marked large ...
Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ... Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ...
Venn diagram representation of 17,067 medium and large clusters of protein Venn diagram representation of 17,067 medium and large clusters of protein
Video: Embryonic development - Week 4

For a complete list of videos, visit our video library