David files his tax return 45 days after the due date. Along with the return, David remits a check for $40,000 which is the balance of the tax owed. Disregarding the interest element, David's total failure to file and to pay penalties are: 
Definitions:
Switching
The process of changing from one product, service, technology, or supplier to another, often assessed for cost benefits or efficiency gains.
Net Present Value
A financial metric that calculates the value today of future cash flows, discounted at a particular rate.
Monthly Interest Rate
The interest rate charged on a loan or realized on an investment over a month's time period.
Credit Policy
A set of guidelines that a company follows to determine credit terms for customers, which can impact cash flow and sales.
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