Shifting payroll period, Billings Village is planning

Shifting payroll period

Reference no: EM1345891

Billings Village is considering shifting its payroll period from twice a month to monthly. Total payroll for the year is $80 million. Billings can earn 6% on its invested money. How much would the village save from such a change? Should it shift its payroll period to monthly.

Reference no: EM1345891

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