Cow Chips Inc

question 58

Multiple Choice

Cow Chips Inc. can install a lockbox system to speed up collections by two days for an annual fee of $17,000 plus 21 cents per transaction. The average customer payment is $11,480. Treasury bills are currently yielding 3.5 percent per year. Assume a year has 365 days. Approximately how many customers each day, on average, are needed to make this installation profitable for Cow Chips?

• A) 56.03
• B) 23.43
• C) 74.50
• D) 83.33
• E) 89.20

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Definitions:

Nitrogen

A chemical element with the symbol N and atomic number 7, essential for all living organisms as it makes up a part of all proteins and nucleic acids.

DNA Polymerase

An enzyme that catalyzes the synthesis of DNA molecules from deoxyribonucleotides, the building blocks of DNA.

Mutations

Changes in the DNA sequence of a cell's genome that can result in variations in physical appearance, function, or behavior.

Repair Enzymes

Enzymes that scan DNA for damage or errors and carry out repairs to maintain genetic fidelity.