A Mail-Order Firm Processes 5,000 Checks Per Month

question 92

Multiple Choice

A mail-order firm processes 5,000 checks per month.Of these,55 percent are for $55 and 45 percent are for $65.The $55 checks are delayed 2 days on average; the $65 checks are delayed 5 days on average.Assume each month has 30 days.The interest rate is 6 percent per year.How much should the firm be willing to pay to reduce the weighted average float by 1.4 days?

• A)$4,165
• B)$13,883
• C)$41,650
• D)$138,883
• E)$416,500

Identify the role of federal agencies in overseeing food safety, product safety, and financial practices.

Grasp the implications of deceptive advertising and the Federal Trade Commission's (FTC) role in enforcing advertising standards.

Understand consumer rights and protections under federal law, including liability for unauthorized credit card use.

Understand the functions and locations of the cerebral cortex lobes.

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Definitions:

Crowdfunding

The practice of raising money online with the help of social media community outreach and advocacy efforts in small and large donations.

Personalization

The process of tailoring a service or product to accommodate specific individuals or groups.

Social Media Professionals

Individuals who specialize in creating, managing, and analyzing content on social media platforms to engage audiences and achieve business goals.

#OptOutside

A campaign encouraging people to spend time outdoors instead of participating in Black Friday shopping, initiated by the retail company REI.