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Crappola Hospital outside of Outback, UT has been thinking about changing its’ 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, what additional amount could be saved on an annual basis from switching to a monthly payroll period?
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ennedy Air Services is now in the final year of a project. The equipment originally cost $35 million, of which 90% has been depreciated. Kennedy can sell the used equipment today for $8.75 million, and its tax rate is 40%. What is the equipment's aft..
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