This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The benefits of a lockbox system include all of the following EXCEPT A) increased working cash. ... (Read 42 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
on: Jul 10, 2018
The benefits of a lockbox system include all of the following EXCEPT
 
  A) increased working cash. B) early knowledge of dishonored checks.
  C) increase in total float. D) elimination of clerical functions.

Question 2

Which of the following is greater (answers rounded to the nearest cent)?
 
  A) An ordinary annuity of 100.00 per year for three years discounted at 10 per year
  B) A present value of 248.69
  C) A future value of 331.00 three years from today, given an interest rate of 10 per year
  D) You would be indifferent to the three choices since they all have the same present value when using an interest rate of 10 per year.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

morrie123456

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

Answer: D
Explanation: D) Each choice has a PV of 248.69.
PV = PMT  = 100  = 248.69
PV = = = 248.69.


craiczarry

  • Member
  • Posts: 527
Reply 2 on: Jul 10, 2018
Wow, this really help

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

(A) Dornier Compact Delta® lithotripsy system. Acoustic shock waves generated by the shock-wave-gene (A) Dornier Compact Delta® lithotripsy system. Acoustic shock waves generated by the shock-wave-gene
Properties of the Magnocellular, Parvocellular, and Koniocellular Divisions of the Visual System Properties of the Magnocellular, Parvocellular, and Koniocellular Divisions of the Visual System
The most commonly used socket drive sizes include 1/4, 3/8, and 1/2 inch drives. The most commonly used socket drive sizes include 1/4, 3/8, and 1/2 inch drives.
When checking a waste spark-type ignition system, check that the secondary wires are attached to the ... When checking a waste spark-type ignition system, check that the secondary wires are attached to the ...
A typical bus system showing module CAN communications and twisted pairs of wire. A typical bus system showing module CAN communications and twisted pairs of wire.
Life support system of a developing human Life support system of a developing human
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library