What Is the Benefit for a Firm with Daily Sales

question 4

Multiple Choice

What is the benefit for a firm with daily sales of $30,000 to be able to speed up collections by three days, assuming an 8 percent annual opportunity cost of funds?

• A)$7,200 daily benefit
• B)$7,200 annual benefit
• C)$30,000 annual benefit
• D)$90,000 annual benefit

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Definitions:

Observing Others

The act of watching or paying attention to the behavior and actions of those around us for understanding or learning.

History of Rape

The evolution and changes over time in the understanding, legal definitions, and societal perceptions of rape.

Adults

Individuals who have reached a certain age, typically 18 or 21, depending on the jurisdiction, signifying the legal transition from minor to full legal responsibility and autonomy.

Sexual Assault

Any non-consensual sexual act or behavior, ranging from harassment to rape, inflicted upon an individual.