Roxy Is Evaluating a Lock-Box System That Will Reduce Float

question 50

Multiple Choice

Roxy is evaluating a lock-box system that will reduce float by 6 days.The firm has annual sales of $180 million and an opportunity cost of 12%.If the lock-box system is adopted,what is the amount of funds released?

• A) $ 355,068.49
• B) $ 493,150.68
• C) $ 59,178.08
• D) $ 2,958,904.11

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Definitions:

Stability

The state or quality of being stable; firmness in position, continuity without change, dependability, or resistance to change.

Nurture

In psychology, this term emphasizes the role of environmental factors and experiences in shaping an individual's development, as opposed to genetic inheritance.

Association Areas

Regions of the cerebral cortex that integrate and process information from the sensory and motor areas, involved in complex functions such as language, problem solving, and spatial reasoning.

Neural Networks

Computational models designed to simulate the behavior of biological neural networks, capable of learning tasks by considering examples without being programmed with task-specific rules.