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 59 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
Gracias!

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

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?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Malpighian tubules from the excretory system of an insect. Malpighian tubules from the excretory system of an insect.
The respiratory system is assessed for ventilatory changes. The respiratory system is assessed for ventilatory changes.
Trans-Alaska Pipeline System (TAPS) Crosses the Active Strike-Slip Denali Fault Trans-Alaska Pipeline System (TAPS) Crosses the Active Strike-Slip Denali Fault
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Safety glasses should be worn at all times when working on or around any vehicle or servicing any ... Safety glasses should be worn at all times when working on or around any vehicle or servicing any ...
A central port fuel-injection system. A central port fuel-injection system.
Video: Causes of Angina

For a complete list of videos, visit our video library