FastBucks Inc

question 40

Multiple Choice

FastBucks 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 FastBucks annually to administer the system perpetually?

• A)$2,400
• B)$4,800
• C)$40,000
• D)$80,000 present value of reduced float = 4 days @ $20,000
• = $80,000
• (see answer to Question 50 for valuation)
• Thus, what annuity has a present value of $40,000 when discounted at 6 percent?
• $80,000 = annuity/.06

Differentiate between self-esteem and self-efficacy and understand their impacts on personal development.

Recognize the components of diversity and their relevance in business contexts.

Comprehend the Big Five personality model and its factors.

Identify personality dimensions that influence one's initiative and adaptability.

---

Definitions:

Subcutaneous Layer

The layer of tissue directly under the skin, consisting of fat and connective tissue, providing insulation and energy storage.

Adipose Tissue

A type of connective tissue that stores fat and provides insulation and cushioning for the body.

Epidermis

The outermost layer of cells in plants and animals, serving as a protective barrier against environmental damage.

Packet Switching

A method of transmitting data in which the data is broken into packets before being sent over a network.