Vishal Corporation Disburses Cheques Every Week That Average $105,000 and Take

question 300

Multiple Choice

Vishal Corporation disburses cheques every week that average $105,000 and take four days to clear. How much interest can the company earn annually if it delays transfer of the funds from an
Interest bearing account that pays .025% daily for these four days?

• A) $1,860
• B) $2,760
• C) $3,660
• D) $4,560
• E) $5,460

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Definitions:

Sensation Seeking Scale

A psychological assessment tool designed to measure an individual's propensity for seeking novel, complex, and intense sensations and experiences.

Paper and Pencil Questionnaire

A traditional method of data collection where respondents manually record their responses to questions on paper.

Sensation Seeking

Refers to a personality trait that involves the search for experiences and feelings that are varied, novel, complex, and intense.

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A law enforcement official responsible for maintaining public order, enforcing laws, and preventing, detecting, and investigating crimes.