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
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

You might be interested in
The purchasing agent of the Clampett Company ordered materials of lower quality in an effort to economize on price and in respon
gizmo_the_mogwai [7]

Answer:

The correct answer is: Materials Price Variance: Production Manager

Materials Quantity Variance: Purchasing Agent

Explanation:

The production manager had to buy the materials that are commonly used, as this is an item of great importance in the process of converting the materials, since otherwise there is a risk of becoming waste due to their quality. In the case of the variation presented, each manager or person in charge of the area must supervise that the measurements are well calculated, and that the aspects related to the direct process must be effectively ensured for the good of the operation.

7 0
4 years ago
Based upon Booked Orders and Sales Predictions, the expected finished goods requirements is 550 units over the planning period.
BARSIC [14]

Answer: 0 units

Explanation:

Future Planned Production Orders = Expected goods requirement - Finished goods in inventory - Schedule production

= 550 - 450 - 150

= -50 units

Include no units because the finished goods and the scheduled production make up the requirement for the period.

5 0
3 years ago
Which of the following will be accomplished by assessing the factors of production?
Tamiku [17]

I believe the answer is: c. guaranteeing the fulfilment of needs and wants


By assessing the factors of production, we could gauge the amount of supply that we can make from the remaining factors of production and how much time we can expect to do it.

If we ensure that we only receive an order according to our production capability, we will guarantee that all costumers needs and wants are fulfilled.

5 0
4 years ago
Dragon Autos Inc., an automobile company based in the country of Bear Island, made a capital investment of $300,000 to set up pr
Irina18 [472]

Answer:

Foreign direct investment

Explanation:

Foreign direct investment (FDI) refers to a situation where a firm from country A invests in business in country B. Generally speaking FDI takes place when a firm acquires at least 10% of a business in another country.

In this case Dragon Autos is a company that is based in Bear Island (country A) that is investing $300,000 in the country of Westerland (country B).

FDI amounts to $253.6 billion in the US economy.

5 0
4 years ago
If your sevis record is terminated for unauthorized withdrawal or failure to enroll. How long can you remain in the u. S. ?.
atroni [7]

Students terminated for Authorized early withdrawal have 15 days to depart.

<h3>What is Students terminated?</h3>

A record that has been canceled in the Student and Exchange Visitor Information System (SEVIS) may indicate that the nonimmigrant no longer has F or M status. F-1/M-1 students and/or F-2/M-2 dependents who do not maintain their status are typically terminated by designated school officials (DSOs).

With an expired I-20, you will be unable to reenter the United States. All working privileges have been revoked. Any type of employment after the specified termination date is prohibited. Employers who hire an illegal worker may face serious sanctions.

If the DSO does not enroll the student within 90 days of the Next session start date, the system automatically terminates the record. When a student fails to reenroll after the enrollment deadline for the term has passed.

To know more about Students terminated follow the link:

brainly.com/question/24360512

#SPJ4

8 0
2 years ago
Other questions:
  • Christopher is designing a security policy for his organization. he would like to use an approach that allows a reasonable list
    12·1 answer
  • Home depot, a large home improvement retailer, used research to learn that 25 percent of the time when customers bought a drill,
    5·1 answer
  • If a company separates customers into categories and treats each group differently, what strategy is it using?
    9·2 answers
  • How much could the Simpsons receive on a home equity line of credit on their home with a market value of $225,000 and their equi
    8·1 answer
  • Randi qualifies for a home deduction. The amount of space devoted to business use is 400 square feet of the total 2,000 square f
    12·1 answer
  • Main purpose or taxes is to
    7·1 answer
  • Why is it important to have a positive credit history when using credit to purchase an automobile ?
    10·1 answer
  • What best explains why any determination of cost must go beyond counting the money involved ?​
    7·2 answers
  • The effects of legislation on human resource professionals is important because: Multiple choice question. it seldom changes and
    11·1 answer
  • mommy bloggers are women who review children's products and discuss family-related topics on their personal blogs, which are ind
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!