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

question 43

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 lockbox system that would decrease the collection float by 2 days.What would be the most the company should be willing to pay on an annual basis for the system?

• A) $96,250
• B) $482,500
• C) $38,500
• D) $48,125

Acknowledge the effect of biological rhythms, such as circadian rhythms, on sleep patterns and daily functioning.

Grasp the psychological and physiological effects of stimulant and hallucinogenic drugs on consciousness.

Understand the concepts of physical and psychological dependence and tolerance in the context of substance use.

Recognize the role of the suprachiasmatic nucleus in maintaining circadian rhythms and the biological clock.

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Definitions:

Public Administrators

Individuals who manage public agencies or non-profit organizations, implementing policies and managing resources to serve the public.

Democratic Principles

Fundamental concepts that guide a democracy, including the rule of law, equal rights, freedom of speech, and the participation of the citizens in political decision-making.

Citizenship Values

The ethical and moral principles that guide a person's conduct as a responsible member of a community or society.

New Public Service

An approach to public administration that emphasizes serving citizens, civic engagement, and the public interest over bureaucratic self-interest.