Home Roasted Turkeys Disburses Checks Every 4 Weeks That Average

question 36

Multiple Choice

Home Roasted Turkeys disburses checks every 4 weeks that average $70,000 and take 5 days to clear.How much interest can the company earn if it delays transfer of funds from an interest-bearing account that pays 0.02 percent per day for these 5 days? Ignore the effects of compound interest.Assume 52 weeks in a year.

• A)$36
• B)$91
• C)$182
• D)$364
• E)$910

---

Definitions:

Long-term Version

Long-term Version implies a perspective or plan that extends into the distant future, prioritizing sustainability, ongoing development, and the anticipation of future challenges and opportunities.

Contingency Planning

The process of preparing strategies to deal with unexpected events or emergencies that might affect an organization's operations.

Operational Plans

Detailed action plans that outline how a company’s strategic objectives will be achieved in the short term, specifying activities, resources, and timelines.

Mergers and Acquisitions

Business strategies involving the consolidation (merger) of companies or the purchase (acquisition) of one company by another to strengthen market position.