Examlex

Solved

The Quick Corp

question 94

Essay

The Quick Corp.has implemented procedures to cut 1.5 days from their cash collection process.Annual sales (all charge sales) are $30 million and the opportunity cost of funds is 9 percent.What is the value of the annual savings, and how much would the savings be worth if the speed-up in collections can be considered permanent?


Definitions:

Impulse Control

The ability to delay gratification and resist unwanted behaviors or urges.

Bulimics

Individuals who suffer from bulimia nervosa, an eating disorder characterized by binge eating followed by purging.

Binge Eaters

Individuals who consume large amounts of food in short periods while feeling a loss of control over their eating.

Amenorrhea

The absence of menstruation in a person who should be menstruating.

Related Questions