The highest daily fee to eliminate collection float is $551 (approx). According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.
<h3>What is a Collection Float?</h3>
Collection Float refers to an asset that is currently in a state of transition. It is used in two contexts:
- Concerning the Bank Deposits
Given,
Average Daily Receipt = $26,482
Average clearing days = 1.3 days
Daily Interest Rate = 0.016%
Required to Calculate = Highest daily fee to eliminate collection float
Calculation,
Highest daily fee collection float = Average daily receipt x Average clearing days x daily interest rate.
= $26,482 x 1.3 x 0.016%
Highest daily fee to eliminate collection float = $550.8 which is $551 (approx).
Thus, According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.
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Answer: line extension
Explanation:
The action whereby the company plans to introduce new products in the market within its existing product category is referred to as line extension.
Line extension occurs when the brand name for an established product is used for a new item that is in same product category. This can be in form of added ingredients, colors, new flavors etc. An example is a manufacturer of soft drink who adds "apple flavor"manufacturer to its existing "orange flavor"
The answer for this question would be True! A name for this would be called the Technological Revolution! :)
Answer:
$3,854 million
Explanation:
Revenue in year 1 = NOPAT / NOPM
Revenue in year 1 = $572.7 / 15.9%
Revenue in year 1 = $572.7 / 0.159
Revenue in year 1 = $3,601.8868
Projected revenue in year 2 = Revenue in year 1 * (1 + Growth rate)
Projected revenue in year 2 = $3,601.8868 * (1 + 7%)
Projected revenue in year 2 = $3,601.8868 * 1.07
Projected revenue in year 2 = $3854.018876
Projected revenue in year 2 = $3,854
So, the projected revenue for the year ended December 31, Year 2 is $3,854 million.
