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Author Question: A large corporation has annual sales revenues of 6 billion. The corporation currently earns 2.25 on ... (Read 347 times)

OSWALD

  • Hero Member
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  • 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
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  • Posts: 318
Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

B


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