Porter Corp

question 6

Multiple Choice

Porter Corp. has just signed up for a lockbox. Management expects the lockbox to reduce the mail float by 2.3 days. The firm's sales on average are $41,250 a day, with the average check being $165. The bank charges $0.39 per processed check. Assume that there are 270 business days in a year and the opportunity cost of funds is 5 percent. What will the firm's savings be from using the lockbox?

• A) $3,427.50
• B) $975.50
• C) $2,632.50
• D) $94,875.00

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Definitions:

Ordered Linked List

A data structure that consists of a sequence of elements, where each element points to the next, and the elements are in a specific, sorted order.

Removal of a Structure

The process of deleting or deallocating a structured data type, like a struct or class instance, from memory.

Same Format

The term same format could refer to maintaining consistent style or structure in data representation or in document layout.

End-of-List Sentinel

An End-of-List Sentinel is a special value used to mark the end of a list, often used in data structures to signal the termination of iterations.