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The PMI,Inc.processes an estimated 200,000 checks per year from its customers.Total revenue collected by check is $40,000,000.The average float time until the funds are credited to PMI's checking account is 6 days.For an extra cost of $ .06/check,PMI's bank will install a lock-box system that will reduce float time from 6 days to 2.5 days.If PMI earns 3.5% on its checking account,how much per check will PMI make if it uses the lock-box system?
Moral Judgments
Evaluations or decisions based on the discernment of right and wrong, often influenced by an individual’s ethical beliefs and principles.
Kohlberg
Refers to Lawrence Kohlberg, a psychologist best known for his theory of stages of moral development.
Moral Judgments
Evaluations or decisions made about the rightness or wrongness of actions based on a set of ethical principles or a moral framework.
Kohlberg
A psychologist best known for his theory of stages of moral development.
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