lockbox system eagle industries feels that a lockbox system can shorten its accounts receivable collection period by days. credit sales are $ per year, billed on a continuous basis. the firm has other equally risky investments with a return of %. the cost of the lockbox system is $ per year. (note: assume a 365-day year.) a. what amount of cash will be made available for other uses under the lockbox system? b. what net benefit (cost) will the firm realize if it adopts the lockbox system? should it adopt the proposed lockbox system? question content area bottom part 1 a. the amount of cash that will be made available for other uses under the lockbox system is $ enter your response here. (round to the nearest dollar.)
Answers
a) To calculate the amount of cash that will be made available for other uses under the lockbox system, we need to determine the reduction in the accounts receivable collection period.
The reduction in days is not provided in the question, so we cannot calculate the exact amount of cash. However, we can determine the potential reduction in cash by calculating the reduction in days and multiplying it by the average daily credit sales.
b) To calculate the net benefit (cost) of adopting the lockbox system, we need to compare the return on the lockbox system to the return on the other equally risky investments.
The return on the lockbox system is not provided in the question, so we cannot calculate the exact net benefit. However, we can compare the return on the lockbox system to the return on the other investments and determine whether it is higher or lower.
If the return on the lockbox system is higher than the return on the other investments, it would be beneficial for the firm to adopt the lockbox system. If the return on the lockbox system is lower, it may not be beneficial to adopt the lockbox system.
It is important for the firm to consider the cost of the lockbox system as well. If the cost of the lockbox system is higher than the potential benefits, it may not be worth adopting.
In summary, without specific information on the reduction in the accounts receivable collection period and the return on the lockbox system, we cannot determine the exact amount of cash that will be made available or the net benefit of adopting the lockbox system. The firm should carefully evaluate the potential benefits and costs before making a decision.
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Related Questions
what business activity involves providing information to make decisions about how to obtain funds to operate?
Answers
Financial analysis is the planning, upkeep, oversight, management, and reporting of the use of financial resources.
What elements make up a business?
A company or independent entity that conducts commerce, industry, or professional activity is known as a business. Businesses come in two flavors: for-profit entities and volunteer institutions. Partnerships, subsidiaries, corporate entities, and private firms are just a handful of the various business structures.
What makes business so crucial?
Our lives are significantly impacted by business. They start by producing products and services that meet our needs and desires. After that, they employ households and provide them a wage and perks. As a result, it becomes for them a source of money that they may utilize to maintain their way of life.
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Gilliam Industries records revenue of $6.4 million for an accounting period. In that same accounting period, they have a beginning balance of $392,000 and an ending balance of $439,000 in the Accounts Receivable account. How should the cash flows from operating activities be adjusted to account for these items
Answers
Accounts receivable represent credit sales that have not yet been collected. If it increases, it means credit sales exceeded cash collections. In that case, net income overstates operating cash flow. To fix that the increase in accounts receivable must be subtracted from net income ($392,000 − $439,000).
What is Accounts receivable?Accounts receivable, also known as AR or A/R, are legally enforceable claims for payment held by a business for goods or services supplied but not paid for by customers.
Interest receivable is interest that has been earned by investments, loans, or past-due invoices but has not yet been paid. In other words, interest receivable is a company's expected interest revenue.
Accounts receivable shows how much of your cash flow is being held up by unpaid client invoices. Accounts receivable represent money owed to you by customers, whereas accounts payable represent money owed to service providers.
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Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner
Answers
Risk Taker is not a life role category.
A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.
Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.
Hence, the correct option is "First".
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HELP PLEASE!!!!
In general, reducing the monthly payment (P) of a credit card but keeping the interest rate (i) and present value (PV) the same will __________.
a. decrease the number of periods (n) needed to pay off the debt
b. increase the number of periods (n) needed to pay off the debt
c. eliminate the number of periods (n) needed to pay off the debt
d. have no effect on the number of periods (n) needed to pay off the debt
The answer is B. Just took the test
Answers
Answer:
B. ¯\_(ツ)_/¯ᵐᵃʸᵇᵉ cause yeah
Reducing the monthly payment (P) of a credit card but keeping the interest rate (i) and present value (PV) the same will increase the number of periods (n) needed to pay off the debt.
What is an Interest rate?Interest is paid by a borrower and this is the amount of money that is added to the money borrowed.
Interest is usually recovered with the money borrowed in bits and the rate or amount is determined by the lender.
There is a given period to pay a loan depending on the amount borrowed the more you pay the lesser the time of repayment.
Therefore, reducing the monthly payment (P) of a credit card but keeping the interest rate (i) and present value (PV) the same will increase the number of periods (n) needed to pay off the debt.
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Question 3 of 10
A standard is a:
Answers
Answer: Level of quality or performance that people accept as normal
Explanation: I took this quiz
USA TEST PREP HELP ILL GIVE BRAINLIEST. If both monetary policy and fiscal policy were used at the same time to contract the economy, which set correctly describes the likely result of these actions?
A) A
B)B
C)C
D)D
Answers
Answer:
I am unsure of the answer but it can be narrowed down to B D or E because the GDP would decrease.
Anika, a division manager, is purchasing materials to ensure she has enough to meet customers' demands. Anika is engaging in the ________. A) planning function B) directing function C) controlling function D) decision function
Answers
Anika, a division manager, is purchasing materials to ensure she has enough to meet customers' demands. Anika is engaging in the directing function. Thus, the correct option is B.
What is Directing function?Directing function can be said to be a process in which the managers instruct, guide, and oversee the performance of all the workers of the organization to achieve predetermined goals. Directing function is said to be the heart of the management process in an organization. Planning, organizing, staffing have got no importance if the direction function does not take place properly.
There are four primary elements of the directing function which include supervising, motivating, leadership, and communication. The importance of Directing function include initiating actions, ensures co-ordination, improves efficiency, facilitates change and assists stability and growth.
Therefore, the correct option is B.
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At December 31, 2022, Familla Corporation estimates that goods with a selling price of $1,150 and a cost of $500 that were sold on account during the current period will be returned during the next accounting period. Record the entries required to adjust for this information. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answers
The required appropriate journal entries assuming Familla Corporation estimate that goods with a selling price of $1,150 and a cost of $500 that were sold on account are:
Dr Sales return $1,150
Cr Account Receiveble $1,150
Dr Cost of sales return $500
Cr Cash $500
Based on the given information the required journal entries are:
Familla Corporation Journal entries
December 31, 2022
Dr Sales return $1,150
Cr Account Receiveble $1,150
(To record sales return on account)
December 31, 2022
Dr Cost of sales return $500
Cr Cash $500
(To record cost of sales return)
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Which wizard is a tool provided by Access that is used to scan the table's structure for duplicate data?
O Query Design Wizard
O Table Design Wizard
O Table Analyzer Wizard
0 Performance Analyzer Wizard
Answers
Answer:
Table Analyzer Wizard
Explanation:
Answer:
Table Analyzer Wizard
Explanation:
right on the test
demographic trends and market diversity are part of which element of pestel? question 3 options: political economic sociocultural legal environmental
Answers
Demographic trends and market diversity are part of the sociocultural element of PESTEL. PESTEL analysis stands for Political, Economic, Sociocultural, Technological, Environmental, and Legal.
PESTEL analysis is a strategic planning tool used to analyze external factors that affect a company or organization. However, demographic trends and market diversity are part of the sociocultural element of PESTEL. Sociocultural factors include factors like population demographics, lifestyle changes, consumer attitudes and opinions, and social norms that affect the market demand for goods and services.
Demographic trends and market diversity are part of the sociocultural element of PESTEL. This element focuses on understanding the social and cultural factors that influence a market, such as population growth, age distribution, and cultural preferences.
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A graph titled Change in U S Unemployment and Inflation from 1971 to 2001 has the year on the x-axis and percentage change on the y-axis, from 0 to 8 percent. From 1971 to 1976, both unemployment rate and inflation increased. From 1981 to 2001, both decreased.
According to the graph, 1971 to 1976 was a period of stagflation due to
rising unemployment and inflation.
falling unemployment and inflation.
rising unemployment and falling inflation.
falling unemployment and rising inflation.
Answers
Answer:
falling unemployment and rising inflation.
Explanation:
Stagflation means that both the inflation and unemployment rate are rising. Before the 1970s, classical economists stated that an inverse relationship existed between the inflation rate and the unemployment rate. This means that when the inflation rate was increasing, the unemployment rate should be decreasing. But reality does not follow theoretical rules.
Answer:
A) rising unemployment and inflation.
Explanation:
correct on Edge
what are the major works of JT? Explain in point.......
Answers
A college graduate expects to earn a salary of $60,000 during the first year after graduation and receive a 4% raise every year after that. What is the total income he will have received after ten years?
a. $720,366. 43
b. $634,967. 72
c. $624,000. 00
d. $809,181. 8
Answers
The total income the college graduate will have received after ten years is $720,366.43. So correct answer is option a.
To calculate the total income after ten years, we can use the concept of a geometric sequence. The initial salary is $60,000, and it increases by 4% each year. This can be represented as a geometric sequence with a common ratio of 1.04. The formula to calculate the sum of a geometric sequence is:
Total Income = Initial Salary * (1 - (Common Ratio ^ Number of Years)) / (1 - Common Ratio)
Plugging in the values, we have:
Total Income = $60,000 * (1 - (1.04^10)) / (1 - 1.04) = $720,366.43
Therefore, the correct answer is option a. $720,366.43.
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Help. business management
Answers
Answer: The break-even point is 66 units.
Explanation:
The break-even point can be found by dividing total fixed costs by the difference between selling price and variable cost.
(fixed cost) / (sale price - variable cost)
1980 / (50 - 20) = 66 units
Salt & Battery must sell 66 units of product before breaking even.
Effective managing of accounts receivable is important because it
A. accurately shows the revenues of a company
B. determines the liability on the balance sheet
C. indicates the profitability of a company
D. affects cash flow and liquidity in a company
Answers
Answer:
the answer is D
Explanation:
the answer is d
Question 1
Stilvan always wanted to run his own business. When he left school he
borrowed money from his parents to start a gardening business. The
business name is Stilvan Grass Cutters. Stilvan bought some equipment
to cut grass and trees. Stilvan delivers leaflets to people's homes to
promote his business.
Table 1 shows data for a typical week for Stilvan's business.
Table 1
Average price per customer $15
Variable cost per job
$7
Weekly overheads
$320
Number of customers
50
Demand for his services is seasonal and this causes problems for Stilvan.
(a) Identify two objectives that Stilvan might have had when he set
up his business.
[2]
(b) Identify two advantages of using leaflets as a method of promotion.
[2]
(e Using the information given in Table 1, draw a break-even chart
for Stilvan's business.
Answers
Answer:
Stilvaton 10:ind:sine29
Explanation:
Please cite source
3. Identify and explain four actions that top executives can take that are key elements in directing organizational action and building capabilities behind the drive for good strategy execution to meet or beat performance targets. Give examples.
Answers
Top executives can take four actions that are key elements in directing organizational action and building capabilities behind the drive for good strategy execution to meet or beat performance targets.
These actions are:
Establishing a strategy-supportive corporate culture: This is one of the most crucial steps that top executives can take to support good strategy execution. It can be accomplished in a variety of ways, including by creating a work environment that promotes communication and collaboration and adopting an ethical code of conduct to guide employee actions.Exerting the leadership required to drive implementation: A leader's ability to encourage people to get behind an initiative and put in the effort necessary to accomplish the strategic goals is critical to successful strategy implementation. This can be achieved by setting a personal example of commitment and persistence, providing coaching and mentoring, and establishing a sense of urgency among team members.Ensuring that policies and procedures facilitate strategy execution: The systems, procedures, and policies in place in a company can either help or hinder successful strategy implementation. When executives understand this, they can make strategic changes to improve policy and procedure efficiency and effectiveness, making it simpler for employees to make strategic decisions or perform tasks necessary to achieve strategic goals.Allocating sufficient resources to the strategy execution effort: Allocating the right resources, whether in the form of funds, personnel, or technology, is critical to successful strategy execution. This can be accomplished by aligning the organizational structure and resources to support the strategic objectives. For instance, Apple's annual budget of more than $14 billion for research and development and Microsoft's $7.5 billion budget for research and development are excellent examples of top executives allocating sufficient resources to the strategy execution effort.Learn more about strategy here:
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What are two disadvantages of putting your money into savings accounts, compared to investing?.
Answers
The two disadvantages of putting money into savings accounts, instead of investing, include low rates of interest, and the effect of inflation.
What is a savings account?A savings account is described as an account kept with a bank that provides interest on the money deposited in the account. It is important to mention that savings account provides low-interest rates. However, the money deposited in the savings account remains safe and reliable. Hence, it is often considered a great option to deposit money for fulfilling short-term needs.
The two big disadvantages of putting money into savings account in the effect of inflation. It is important to mention that banks do not pay higher interest rates, and this results in the reduced value of the money kept deposited in the savings account. Secondly, the interest rates are very low compared to the other forms of investment. This low rate of interest does not provide significant returns to the deposited money.
It can be concluded that the two disadvantages of putting money into savings accounts, instead of investing, include low rates of interest and the effect of inflation.
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Anna got a high-paying job as a lab technician upon graduation. She took
five years to graduate from a public university and did take out a lot of
loans. What kind of return on investment (ROI) does Anna demonstrate?
Can't determine ROI
Negative ROI
Positive ROI
ОО
Neutral ROI
Answers
Answer:
Positive ROI
Explanation:
A positive ROI or positive rate of return occurs when the benefits realized from a project are much more than the costs incurred. Positive implies that a net effect of a number greater than zero.
Anna did not incur a lot of debts while in college. It suggests she controlled her expenses well. Since Anna has a well-paying job, her income and the cost incurred in college compare favorable. Her benefits are more compared to the cost of education.
B- The return on investments (ROI) that Anna should demonstrate is a positive Return on Investment (ROI). This is due to the excess loans taken by Anna during her education before getting the job.
Anna needs to maintain a hefty savings and needs to pay her liabilities in the forms of loans first because she is under obligation of the lending authority to pay for her education loan along with interest accrued.
Anna will not end up saving for herself and her needs if she is unable to save the money after paying her dues towards her loan. She has to make sure a healthy return on investments made by her.Usually an education loan is an expensive loan with higher rates of interests charged by the bank due to shortage of jobs in the economy due to unemployment flair and hence avoiding the risk associated.If her interest rate of loan is around 8% she has to make sure her salary is saving her way more than this loan amount with interest which will be due periodically.Hence, option B is correct that Anna will have to maintain and demonstrate a positive return on investments followed by her high paying job.
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Explain why the more education a person has, the more money they make.
(Answers should include the screening effect and the learning effect.)
Answers
Answer:
because. a more educated person have a good profession and by that they can earn a good sources of money
Answer:
a more educated person have a good profession and by that they can earn a good sources of money
Explanation:
Telling customers that they only have until midnight to get sale prices is an appeal to
A. ethos.
B. logos.
C. pathos.
D. kairos.
Answers
Answer:
D. kairos.
Explanation:
Telling customers that they only have until midnight to get sale prices is an appeal to kairos.
Answer:
It's d
Explanation:
Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year
5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years?
a $396,038.65
b$427,354.28
c $407,836.29
d $377,238.57
Answers
Answer:
D
Explanation:
The remaining balance on a 20-year 5/1 ARM at 3.5% interest with a 2/7 cap structure after 5 years will be $377,238.57.
Pro life tip: Do NOT finance your home with an ARM mortgage.
Good luck in your studies!
Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.
Answers
Answer:
a) Determine which type of cars will be sold at the efficient allocation.
All cars would be sold in a Pareto efficient allocation.
In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.
b) Determine which type of cars will be sold at the market equilibrium.
Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.
Explanation:
the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620
Which factor is not necessarily a challenge in a poor-developed country? O Environment O Thievery O Bribery O Child Tabour
Apple's strategy to build iPhone is based on... ? O Differentiation Cost leadership
Answers
The factor that is not necessarily a challenge in a poor-developed country is "Environment."
While poor-developed countries may face challenges related to the environment, such as limited access to clean water, sanitation, or natural disasters, it is not a factor that applies exclusively to poor-developed countries. Environmental challenges can affect countries at various levels of development.
Apple's strategy to build the iPhone is based on "Differentiation."
Apple differentiates itself in the market by offering unique features, sleek design, and a seamless user experience. This strategy focuses on creating a premium product that stands out from competitors and appeals to a specific target market. Cost leadership, on the other hand, is a strategy that aims to offer products or services at the lowest possible cost.
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Which of these stores uses a fulfillment center? A: 7-11 B: Dunkin' Donuts C: Amazon D: Comet Dry Cleaner
Answers
The store which uses a fulfillment center is: C. Amazon.
What is supply chain management?Supply chain management can be defined as an effective and efficient management of the supply or flow of goods and services, as well as all of the production processes that are involved in the transformation of raw materials into finished products, in order to meet the insatiable want and need of the consumers on a timely basis.
This ultimately implies that, the supply chain management (SCM) simply refers to a strategic process which encompasses all of the activities that are associated with planning, innovation, execution, frequent communications, and supply of finished goods and services to the consumers on a timely basis.
What is a fulfillment center?A fulfillment center is also referred to as a packaging warehouse and it can be defined as a portion of the supply chain which primarily serves as the central hub for all logistics processes that are required to get a product (good) from the seller to the consumer (buyer).
In conclusion, Amazon is a typical example of a store that makes use of a fulfillment center.
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I know this is impossible but can you guys help? Doesn’t have to use fancy words and doesn’t have to be long, I’m not English native speaker but I have to
Don’t use all the words if it’s too difficult
Answers
Answer:
sorry I didn't see your question
Explanation:
very very sorry for my information
help help help help
Answers
Based on the different types of compensation and their determination, the following are true:
Wages - Paid by the Hour - Sarah's direct deposit. Commission - A percentage of sales - Lucinda's percentage. Salary - Calculated weekly or monthly - Frank's overtime pay. Bonuses - For performance - Janet's Low Sales. Profit sharing - Based on Co. earnings - Robert's year end reward.Types of compensationWages are calculated by the hour and then paid to the relevant employee sometimes in cash or by direct debit. Commissions are a percentage of sales.
Salaries are calculate monthly or weekly and include overtime. Bonuses are based on performance so people who don't perform well don't get much. Profit sharing depends on how much a company makes in a year and are distributed at the end of the year.
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What would be the net present value of a microwave oven that costs $159 and will save you $68 a year in time and food away from home
Answers
Answer:
159 - 68 = 91
Explanation:
How do customers find out about Donny Ouyang's company
Answers
Answer:
People found out about his company through different types of promotion over the Internet. As well as offline around his community. Most people reach his Web sites through search engines like Gooogle and Bing.com.
Explanation:
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Do businesses receive a water grant?
Answers
Answer:
Energy and Water funding is a crucial part of the UK government’s carbon emissions responsibility. Finding new ways of funding lower emission energy systems for business is one of the ways that the UK are pushing forward.
Water Capital Grant Scheme
The Water Capital Grant Scheme provides funding of £10 Million to applicants from the farming community, from the land management community and from the agricultural community to deal with water management which is a key issue in the industry. Those running businesses in these areas are able to avail of this scheme and create in-roads in water management.
This is designed to provide support to water management, and will provide £10,000 in a water capital grant to help carry out works which will improve water management and quality. The real focal point of the grant is to improve waterlines around agricultural industry and to reduce the impact of agriculture on the water quality of the surrounding area. The funding is for new projects which will help to move toward this goal, and applicants are able to apply for this through Natural England.
The Water Capital Grants scheme works in accordance with the woodland capital grant scheme, which creates the first of the new Stewardship Scheme from the government. This scheme will be committing £900 million to working with natural resources and protecting and benefiting the resources in the environment. Applicants to this scheme can avail of grant funding to really bring water usage in their business to a better level.
There are a whole range of funding options and projects which are eligible. Some of these are:
installing biobeds
preventing livestock access to watercourses by erecting watercourse fencing
providing drinking troughs as an alternative to watercourse drinking for livestock
relocation of sheep dips and pens
roofing of sprayer washdown areas, manure storage areas, livestock gathering areas, slurry stores and silage stores
Funding will be competitive with grants awarded to applications that best meet the scheme’s priorities and have the greatest environmental benefit.
The new water grants build on the successful Catchment sensitive farming initiative, which between 2013 and 2016 helped over 6,200 farms across the country benefit from a total of £72 million in grant funding to improve water quality and reduce pollution from agricultural activity. The water capital grants scheme under Countryside Stewardship will be managed and delivered through Catchment Sensitive Farming in 2018.
Work funded by the Catchment Sensitive Farming grant scheme over recent years has already brought efficiencies for thousands of farmers and has enhanced local environments throughout England by improving water quality.
Explanation: