1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vesna [10]
3 years ago
10

The firm receives an average of $20,000 in checks per day. The weighted average delay in clearing the checks received is 3 days.

Meanwhile, the firm writes an average of $17,000 in checks to pay its suppliers per day. The usual clearing time for the checks the firm wrote is 2 days. The current interest rate is 0.015 percent per day. What is the most the firm should be willing to pay today (in a lump sum today) to eliminate its float entirely? A) 3000 B) 26000 C) 34000 D) 37000 E) 60000
Business
1 answer:
katrin [286]3 years ago
5 0

Answer:

<u>$26000</u>

Explanation:

from the question;

check per day; 20000

delay: 3 days

checks to pay suppliers; 17000

clearing time 2 days

<u>we first calculate collection flaot:</u>

collection flaot = average amount of check x outstanding days

= 20000 x 3

= 60000

now we have to calculate <u>disbursements float:</u>

average amount of check x days to clear

= 17000 x 2

= 34000

with these two values we can get the net float

= collection flaot - disbursements float

= 60000 - 34000

= <u>$26000</u>

You might be interested in
A sole proprietor has ______ personal liability for all business debts and obligations.
andreev551 [17]

A sole proprietor has unlimited personal liability for all business debts and obligations.

<h3>Who is a sole proprietor?</h3>

A sole proprietor is the owner of a sole proprietorship. A sole proprietorship is a type of business that is owned by one person.

A sole proprietor and the business are regarded as a single person under the law. Thus, a sole proprietor has an unlimited liability. An unlimited liability means that in event of default, both the e property of the business and the sole proprietor can be seized.

To learn more about  sole proprietorship , please check: brainly.com/question/1428023

#SPJ1

4 0
1 year ago
Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics
tatuchka [14]

Answer and Explanation:

Economy is divided into two main fields: <em>Microeconomics and Macroeconomics</em>. Microeconomics studies the decisions of individuals and businesses while Macroeconomics is in charge of analyzing the economy as a whole including decisions made by governments and their countries. Thus:

A) <em>The effect of government regulation on a monopolist's production decisions (Macroeconomics). </em>

B) <em>The optimal interest rate for the Federal Reserve to target (Macroeconomics). </em>

C) <em>The government's decision on how much to spend on public projects (Macroeconomics).</em>

4 0
3 years ago
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production
yuradex [85]

Answer:

The following scenarios from the listed are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States. They include;

1) The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

2) The variety of goods available to consumers

3) The costs of overfishing and other overly intensive uses of resources.

8 0
3 years ago
If csc θ = 2, Find sin θ
RoseWind [281]
If csc 0=2, then that makes 0 then equal 4.
5 0
3 years ago
A good time to Evaluate (the E in SMARTER) your long-term college or education goal would be __________
svlad2 [7]
D is the correct answer
6 0
2 years ago
Read 2 more answers
Other questions:
  • (Chapter Supplement) Irish Industries purchased a machine for $65,000 and is depreciating it with the straight-line method over
    9·1 answer
  • Marvin, the CEO of Flexus Inc, believes in sharing problems faced by the company with his employees. He prefers getting ideas an
    8·1 answer
  • To achieve cardiovascular endurance, it is recommended by the acsm that jill exercise at a moderate intensity at least ________
    11·1 answer
  • Frank is a board member at Lofloy Greens Inc.,a publicly traded company.In addition to his duties on the board,Frank is also a f
    13·1 answer
  • What amount would a person with actual cash value (ACV) coverage receive for three-year-old furniture destroyed by a fire? The f
    9·1 answer
  • What do I put at the end of a brochure
    12·2 answers
  • The 100-room limited-service Pepper Inn has an ADR of $75 and variable costs per room sold of $15. Assume there is no other sale
    11·1 answer
  • You are responsible for company purchases. You are talking to a salesman from a vendor who wants to sell to your company. You te
    7·1 answer
  • The four types of promotion that are commonly used are personal selling, sales promotion, advertising, and relations. о O a) Pri
    6·1 answer
  • 3.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!