Fast Bucks Inc

question 1

Multiple Choice

Fast Bucks Inc.has offered to set up a concentration banking system that will save three days of mail float and one day of presentation float.Your receivables average $20,000 per day and the opportunity cost of funds is 6 percent.How much would you be willing to pay Fast Bucks annually to administer the system perpetually?

• A)$2,400
• B)$4,800
• C)$40,000
• D)$80,000

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Meteorological Phenomenon

An observable event that is explained by the science of meteorology, such as storms, tornadoes, and rainfall.

Spectrum

A range of different positions, opinions, or conditions, often seen as a continuous series.

Rainbow

An optical and meteorological phenomenon that causes a spectrum of light to appear in the sky when sunlight is dispersed through water droplets in the atmosphere.

Genus

In taxonomy, a rank used in the biological classification of organisms that groups together species exhibiting common characteristics.