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:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.