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An employee of Macro.com Corporation is paid $5,000 a month, which she spends regularly throughout the month until she has a zero balance in her checking account at the end of the month.If the corporation changes to a semimonthly payroll schedule, how will the employee's average cash balance change? Assume she does not change her spending pattern when she is now paid twice a month.
Divergent Thinking
A thought process or method used to generate creative ideas by exploring many possible solutions, emphasizing quantity over quality.
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Utensils made from silver or other metals used for eating and serving food.
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Intellectual Aptitude
The capacity to understand complex ideas, engage in various forms of reasoning, and learn quickly and efficiently.
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