What additional amount could be saved on an annual basis

Assignment Help Financial Management

Reference no: EM131209017

Crappola Hospital outside of Outback, UT has been thinking about changing itsAc€?c payroll period from a bi weekly to a monthly. The administrator, Baskitcase says they currently have 600 employees with an annual payroll of $18 million. If Crappola does not make this change there will be trouble in the near future says local snitch reporter Tella Hall.

•If Crappola earns 9.5% on invested funds, what amount of new investment income could be generated on an annual basis?

•If the cost of writing a payroll check is $1.50,w hat additional amount could be saved on an annual basis from switching to a monthly payroll period?

Reference no: EM131209017

Questions Cloud

Determining the marketing products : How does the marketing of services differ from that of marketing products?

What profit margin must the firm achieve : Fulkerson Manufacturing wishes to maintain a sustainable growth rate of 8.75 percent a year, a debt-equity ratio of .52, and a dividend payout ratio of 26.5 percent.- What profit margin must the firm achieve?

Sentence to eliminate flabby expressions : Revise the following sentence to eliminate flabby expressions. In very few cases has it been advisable for us to borrow money for a period of 90 or fewer day.

Illustrating a change in price or quantity : Find an article in a recent newspaper or magazine illustrating a change in price or quantity in some market. Analyze the situation using economic reasoning.

What additional amount could be saved on an annual basis : If the cost of writing a payroll check is $1.50, what additional amount could be saved on an annual basis from switching to a monthly payroll period?

Focus of the auditor is no longer on the routine audit but : Focus of the auditor is no longer on the routine audit but rendering value added services like cost efficiency and decision making. Critically examine the statement with particular emphasis on the changing computer environment? How can the auditor be..

Level the playing field : The original intent of affirmative action was to "level the playing field" and ensure minority groups were treated fairly during the employment process.

What is the output of the sensor in volts per new ton : A polyvinyl lidene fluoride film is used as a piezoelectric load sensor. The film is 30 µm thick, 1.5 cm wide, and 2.5 cm in the axial direction. It is stretched by the load in the axial direction, and the output voltage is measured across the thi..

Discuss the applicable federal tax laws and regulations : Discuss the applicable federal tax laws, regulations, rulings, and court cases related to the inventory write-downs, and explain the specific relevance of each to the write-down.

User Account

All Pages