Bavarian Brew Float Bavarian Brew Receives About 350 Checks a Day with an Day

question 37

Multiple Choice

Bavarian Brew Float
Bavarian Brew receives about 350 checks a day with an average check size of $550. Currently customer's payments spend 2 days in the mail. Once a check is received it takes about 1.5 days to process it and another 4 days to clear the banking system. The firm's opportunity cost is 10%. Assume a 365-day year.
-Bavarian Brew is contemplating implementing a collection system that would decrease the collection float by 2.5 days.What would be the annual benefit of that system?

• A) $481,250
• B) $48,125
• C) $96,250
• D) $75,480

Identify the steps and elements involved in the factor-comparison method for job evaluation.

Acknowledge the importance of equitable compensation strategies to prevent organizational issues.

Recognize the significance of life-cycle and non-monetary benefits in employee satisfaction and retention.

Understand the significance of legislation on employee benefits and retirement plans.

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Definitions:

Parenting

The activity of raising a child, including the physical, emotional, social, and intellectual development from infancy to adulthood.

Bullies

Individuals who use strength or influence to harm or intimidate others, typically to assert dominance or control.

Learned Helplessness

A condition resulting from a person's belief that they have no control over the outcomes of their actions, leading to passive behavior and depression.

Orientation

A process or state of being oriented; can refer to one's position in space, direction, or adjustment to a new environment.