The Quick Corp

question 94

Essay

The Quick Corp.has implemented procedures to cut 1.5 days from their cash collection process.Annual sales (all charge sales) are $30 million and the opportunity cost of funds is 9 percent.What is the value of the annual savings, and how much would the savings be worth if the speed-up in collections can be considered permanent?

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Definitions:

Sexual Orientation

A person's pattern of emotional, romantic, or sexual attraction to others, which can vary significantly across individuals.

Erotic Plasticity

The extent to which cultural, social, and situational factors can affect a person's sexual desire and preferences.

Sexually Attractive

Possessing qualities or characteristics that evoke a sexual or romantic interest in others.

Religious Activity

Engaging in practices or ceremonies associated with a specific faith, belief system, or denomination.