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Lana71 [14]
3 years ago
10

Freedom Wine receives an average of $684,006 in checks per day. The delay in clearing is typically 1.3 days. The current interes

t rate is .024 percent per day. Assume each month has 30 days.
What is the highest daily fee the company should be willing to pay to eliminate its float entirely?
Business
1 answer:
olga55 [171]3 years ago
5 0

Answer:

$213.40

Explanation:

Freedom Wine

Maximum daily fee =

(Received average in check per day × delay in clearing days) × Current interest rate percent per day

Maximum daily fee = ($684,006 ×1.3) × 0.00024

=$889,207.8×0.00024

= $213.40

Therefore the highest daily fee the company should be willing to pay to eliminate its float entirely will be $213.40

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3 years ago
The common stock of dayton repair sells for $43.19 a share. the stock is expected to pay $2.28 per share next year when the annu
Nuetrik [128]

Hello there!

Answer:

7.43%

Explanation:

To find the market rate of return on the Dayton repair stock, we would need  to use it's selling price, expected pay, and the 2.15%.

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2.28 ÷ 43.19 = 0.0527899976846492

Now we add the 2.15%. In order for us to add it, we would need to move the decimal places two times to the left. We would add 0.0215 to 0.0527899976846492.

0.0527899976846492 + 0.0215 = 0.0742899976846492

Now we would need to move the decimal places over, and round to the nearest hundredths.

7.428

The 8 would round and change the 2 into a 3

7.43.

The market rate of return for the stock would be 7.43%

5 0
3 years ago
he cost for producing a certain product is $37 each. The fixed costs are $70,000. The selling price for each product is $72. 1.
DIA [1.3K]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The Variable unitary cost= $37 each.

The fixed costs are $70,000.

The selling price for each product is $72.

1) revenue function= P*X

Revenue function= 72*x

Option E

2) Profit function= (P-Vc)*X-Fc

Profit function= 35*x-70000

Option B

3) break-even quantity= fixed costs/contribution margin

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Option D

4)  break-even point ($)=fixed costs/contribution margin ratio

Contribution margin ratio= contribution margin/P= 0,49

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