Assume that the average amount of a check is 3650 calculate, Ask an Expert

Finance

Assume that the average amount of a check is $3650. Calculate the annual net cost/benefit of a lock box system that reduces the transit time by three (3) days. The bank will charge $0.10 per item for 23000 itmes plus $ 150 per month. The average rate on investments is 4.7%. Explain the general benefits of lock-box systems and one's recommendations regarding this particular revenue source.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91603469

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Does the agency problem only happen in the relationship

Does the agency problem only happen in the relationship between Employees and Stockholders? How about the relationship between clients and stars?

Question - beaver company is investigating the purchase of

Question - Beaver Company is investigating the purchase of a new threading machine that costs $18,000. The machine would save about $4,000 per year and would have a salvage value of $3,000 in 6 years when the machine wou ...

Question - hittel inc is considering leasing or purchasing

Question - Hittel, Inc. is considering leasing or purchasing a small aircraft to transport executives between manufacturing facilities and the main administrative headquarters. The firm is in the 40 percent tax bracket a ...

What is property law and what are the four broad categories

What is property law and what are the four broad categories it can be divided into?

You borrow 165000 to buy a house the mortgage rate is 40

You borrow $165,000 to buy a house. The mortgage rate is 4.0 percent and the loan period is 30 years. Payments are made monthly. If you pay the mortgage according to the loan agreement, how much total interest will you p ...

If the rate of inflation is 43 what nominal interest rate

If the rate of inflation is 4.3%?, what nominal interest rate is necessary for you to earn a 2.8 %real interest rate on your? investment? ?(Note: Be careful not to round any intermediate steps less than six decimal? plac ...

Project q costs 240 it provides inflows of 120 per year for

Project Q costs 240. It provides inflows of 120 per year for three years. The cost of funds is 6%. Find the replacement chain value needed to compare it to a six year project.

Why might one firm have positive cash flows and be headed

Why might one firm have positive cash flows and be headed for financial trouble, whereas another firm with negative cash flows could actually be in a good financial position.

Moving cash flowyou are scheduled tonbspreceivenbspa 420

Moving Cash Flow You are scheduled to receive a $420 cash flow in one year, a $720 cash flow in two years, and pay a $320 payment in three years. If interest rates are 12 percent per year, what is the combined presen ...

Obnk has a plowback rate of 30 a roe of 20 and a

OBNK has a plowback rate of 30%, a ROE of 20%, and a capitalization rate of 10% p.a. In three years OBNK is expected to increase its plowback rate to 40% and its ROE is expected to decrease to 10%. What is the intrinsic ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert