Bank has approached you concerning lockbox service

Assignment Help Financial Management
Reference no: EM131360938

Your firm has an average receipt size of $155. A bank has approached you concerning a lockbox service that will decrease your total collection time by 2 days. You typically receive 5,500 checks per day. The daily interest rate is .015%. If the bank charges a fee of $175 per day, should the lockbox project be accepted? If so what would be the savings?

Reference no: EM131360938

Questions Cloud

What is the bullwhip effect : What is the bullwhip effect? Why is it a problem for businesses - what was the catalyst for NIBCO to develop a VMI program, and why was it able to respond?
Find the minimum-median-standard deviation : Find the minimum, median, standard deviation, and IQR of the net sale prices. Please list step by step instructions.
Discuss nursing image : Discuss nursing's image. Images can be both good and bad with each having associated attitudes and behaviors and consequences in terms care
Outliers and possible solutions in data analysis : A researcher is measuring production levels in several plants, with the total number of 172 subjects in 5 plants. There are 2 outliers in the very low production area 1 more in the highest production area. Discuss possible reasons for outliers and..
Bank has approached you concerning lockbox service : Your firm has an average receipt size of $155. A bank has approached you concerning a lockbox service that will decrease your total collection time by 2 days. You typically receive 5,500 checks per day. The daily interest rate is .015%. If the bank c..
Briefly summarize the stanford prison experiment : Briefly summarize either the Stanford Prison or the Milgram experiment.Explain what one of these famous experiments tells us about human nature. Why is the experiment relevant to an ethics course?
How the consumer price index is constructed : A country's gross domestic product (GDP) and how it is defined and calculated. How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living.
Categorical be used in linear regression analyis : Can dependent variables that are categorical be used in linear regression analyis? YES or NO? Please explain!
How does the structure of the poem influence meaning : In a well-developed essay, discuss how form meets function in Dylan Thomas' "Do Not Go Gentle into That Good Night." How does the structure of the poem influence meaning

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd