Answer:
five subject areas: English, mathematics, reading, science, and writing
Answer:
Decrease her price by $20
Explanation:
Please see attachment for working notes and explanation
I believe it’s b.
Sorry if it’s wrong I’m not sure
Financial managers should strive to maximize the current value per share of the existing stock to represent the interests of the current shareholders.
<h3>What is the functions of the Financial managers?</h3>
Financial managers can be described as the type of managers that are responsible for the financial health of an organization.
They help in the creation of the financial reports as well as directing investment activities, and develop plans , hence Financial managers should strive to maximize the current value per share of the existing stock to represent the interests of the current shareholders.
Learn more on Financial managers at:
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Answer:
Check the answers below
Explanation:
- The per instrument cost of the bank is $0.25. Assuming uniform cheque value, the 24 million remittances across 10000 cheque will mean per cheque value of 2400. If this amount can be invested at 8% p.a., then daily investment income will be approx = 2400 * 8% /365 = $ 0.526
- Now for the company to jus about cover the cost of the cheque processing, the time should reduce by (assuming fractional time in days is possible) 0.25/0.526 = 0.48 days
- Now if the interest that can be earned reduces to 4%, the average daily interest will also reduce to $0.263. At this level, the time required to cover the cost should reduce by 0.95 days
The difference is simply because the opportunity cost in terms of alternate usage of funds has decreased for the company.
