Author Question: Flashbinder Guitars, Inc is considering a lockbox system that will increase its check processing ... (Read 84 times)

burchfield96 · **on:** Jul 10, 2018

Flashbinder Guitars, Inc is considering a lockbox system that will increase its check processing cost
by .20 per check.

The company estimates an average check size of 900 and expects any funds
freed up by the new lockbox system can be invested in an account that earns 4 per year before
taxes. What reduction in collection time is necessary for the lockbox to be beneficial to Flashbinder
Guitars, Inc?
A) 1.73 days B) 2.15 days C) 2.03 days D) 1.96 days

Question 2

One component of a firm's financial structure which is NOT a component of its capital structure is

A) common stock. B) accounts payable.
C) preferred stock. D) long-term debt.

Swizqar · **Reply #1 on:** Jul 10, 2018

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