A 1-Month (30-Day) USCP with a Race Value of USD

question 476

Multiple Choice

A 1-month (30-day) USCP with a race value of USD 5 million is quoted at a rate of discount of 2.31%. How much is the paper worth?

• A) USD 4,884,500.00
• B) USD 4,990,375.00
• C) USD 4,990.506.85
• D) USD 4,990,393.49

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Definitions:

Fixed Order

A purchasing strategy where orders for goods or materials are made in predetermined quantities, regardless of current demand or inventory levels.

Processing Times

The amount of time required to complete a specific operation or task, including preparation, processing, and finishing times.

Dispatching Rule

A guideline or criterion used to determine the scheduling and order in which jobs should be processed in manufacturing or service operations.

Flow Time

The time taken for a unit to move through an entire system or process, from start to finish.