The Quick Corp

question 77

Essay

The Quick Corp.has implemented procedures to cut 1.5 days from its cash collection process.Annual sales (all charge sales)are $30 million and the opportunity cost of funds is 9%.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:

Sacred

The sacred refers to the religious, transcendent world.

Inevitable Death

The unavoidable end of life; a universal phenomenon that all living organisms must eventually face.

Social Stability

The condition in which a society maintains consistent, orderly, and predictable social patterns, relationships, and behaviors.

Social Change

The transformation over time of cultural norms and social structures, which can result from internal processes or external pressures and significantly affects how societies function.