The financial manager of JAC Cosmetics is considering opening a lockbox in Pittsburgh. Checks cleared through the lockbox will amount to $21,000 per day. The lockbox will make cash available to the company two days earlier than is currently the case. Suppose that the bank offers to run the lockbox for a $33,600 compensating balance, answer the following:
a-1. Calculate the additional available cash generated by the lock-box system. A-2. Is the lockbox worthwhile?
b. Suppose that the bank offers to run the lockbox for a fee of $0. 21 per check cleared instead of a compensating balance. Assume an interest rate of 5% per year. What must the average check size be for the fee alternative to be less costly? Use a 365-day year
Answers
In this way, JAC will be in an ideal situation tolerating the remunerating balance offer. Indeed the Lock box is beneficial. The average check size be $ 4.60
For break–even, let x equal the typical check size. The daily cost of the lock-box is as follows, with 21,000 checks written per day:
=(21,000/x) × 21%
The other option is the $33,600 compensating balance. The lost interest is the daily cost, which is equal to:
=(33,600 × 0.05)/365
These costs are equal if x = $4.60
Compensating balance:A borrower must keep a compensating balance in their bank account as a minimum deposit. Corporate loans, rather than individual loans, typically call for a compensating balance.
A borrower's agreement to keep a certain minimum amount in their bank account with a lender is known as a compensating balance. The reason for this equilibrium is to diminish the loaning cost for the moneylender, since the bank can put the money situated in the repaying ledger and keep some or the entirety of the returns.
Learn more about compensating balance:
brainly.com/question/30095613
#SPJ4
Related Questions
Which of the following scenarios describes an advantage of a global economy?
A car company makes its products in a country known for high manufacturing requirements.
A lightbulb company expands to a country where potential workers all have the same educational background.
An electronics company manufactures products in a country where the materials cost is high.
A toothpaste company expands to another country where there is a lot of competition for jobs.
Answers
https://www.nap.edu/read/1806/chapter/7
invest for who you are and more advice for millennials
Answers
Answer:
Preach
Explanation:
what approach to strategic hrm deploys bundles of internally consistent hr practices to improve employee ability, motivation, and opportunities across the entire organization?
Answers
The "High performance work system" is the approach deployed by Human resources manager to improve employee ability, motivation, and opportunities.
Basically, the Human resources manager belongs to the department which is responsible for motivating and ensuring the well-being of employees so that productivity can be achieved at the workplace.
The High performance work system is the type of system that creates an environment which allows the employees to be greatly involved in activities which with greater responsibility.
The HRM deploys the HPWS because its allows the employees to feel and take more responsibility for improving the organization's products, services and processes.
Learn more about HPWS here
brainly.com/question/22971644
WILL MARK BRAINLIEST
Etiquette Inc. earns $150,000 as income from services in a particular accounting period. The company's operating expenses for this period are
$35,000. What is the company's net income?
The net income Etiquette Inc. earns is $______.
Answers
Answer:
$115,000
Explanation:
150,000-35,000
1.4 Why is Canada considered to have a branch-plant economy?
Answers
Answer:
Manufacturing companies set up branch plants to serve the Canadian market, thereby avoiding high freight costs and import duties.
Explanation:
hope it will help you have a great day bye and Mark brainlist if the answer is correct
\(kai6417\)
The final exam score was recorded for each Harper statistics student in a sample of 30. A 95% confidence interval for " is (150, 159) points. selected c.) State the statistical interpretation of the confidence interval in the context of this problem. We are 95% confident that the mean final exam score of all Harper and statistics student is/are between 150 ✓points 159 points d.) What is the symbol and value of the point estimate for μ? X✓ = 159 x points e.) What is the margin of error for the given interval? 50 x points 1.) Fill in the boxes below to show the relation on the number line between the numeric values of the point estimate and the interval estimate for . B> A = 150 B = 155 XC = 159
Answers
c) The statistical interpretation of the confidence interval in the context of this problem is that we can be 95% confident that the true mean final exam score of all Harper statistics students lies between 150 and 159 points. This means that if we were to repeat the sampling process and construct 95% confidence intervals, we would expect approximately 95% of those intervals to contain the population mean.
d) The symbol for the point estimate for μ is X✓Value of the point estimate for μ is X✓ = 159 x points.
e) The margin of error for the given interval is 4.5 x points.
e) To find the margin of error for the given interval:
The margin of error is calculated as the half-width of the confidence interval.
The half-width of the given confidence interval is:
The margin of Error = (Upper Limit - Lower Limit) / 2
= (159 - 150) / 2
= 4.5 x points
1) From the given, we have, Lower limit (A) = 150, Point estimate (X✓) = 159, and Upper limit (C) = 159. Boxes to show the relation on the number line between the numeric values of the point estimate and the interval estimate is as follows.
[150 155 159] A B C
Thus, the relation on the number line between the numeric values of the point estimate and the interval estimate is given by A < X✓ < C.
Learn more about the margin of Error at https://brainly.com/question/29419047
#SPJ11
4. commoditization refers to the ability to individualize product and serviceofferings to meet specific buyer needs
Answers
Actually, commoditization refers to the process of turning a product or service into a commodity, i.e., something that can be easily replaced by a similar product or service. It happens when there is a high level of competition in the market and companies are forced to offer similar products or services at similar prices. As a result, customers tend to focus more on price and less on other factors, such as quality, innovation, or customization.
Therefore, it becomes harder for companies to differentiate themselves and create unique value propositions. However, individualization, or personal, can be a way to counteract commoditization. By offering tailored products or services that meet specific customer needs and preferences, companies can create a competitive advantage and increase customer loyalty.
To learn more about personal click here: brainly.com/question/24174394
#SPJ11
What are the three ways the argument section of a cover letter can be formatted
Answers
Here are the comparative income statements of delaney corporation. delaney corporation comparative income statements for the years ended december 31 2020 2019 net sales $598,000 $500,000 cost of goods sold 477,000 420,000 gross profit 121,000 80,000 operating expenses 80,000 44,000 net income $ 41,000 $ 36,000 (a) prepare a horizontal analysis of the income statement data for delaney corporation, using 2019 as a base. (show the amounts of increase or decrease. )
Answers
Decide on Time Periods. Decide the time periods you'll be comparing first by selecting them carefully, then collect data. The following stage is to determine the data you require, calculate the percentage change, analyze the data, and compare the outcomes.
What is a horizontal analysis explain?The Delaney Corporation's comparative income statements are shown below. 2020 2019 Net Sales Comparative Income Statements for the Years Ended December 31 for Delany Corporation Cost of goods sold: $598,080; revenue: $500,000 477,000 420,000 in revenue 121,000 80,000 in operating costs 80,000 44,000 $ 41,000 $ 36,000 in net income.
A technique called horizontal analysis is used in financial statements to compare line items over a number of years in order to track an organization's development and past performance. In other words, this kind of analysis is used by analysts to compare performance indicators or accounts across a specific time frame. The number of each account on the financial statement for the current year is compared to the same account for the prior year to determine if there was an increase or reduction in that account.
To learn more about delaney corporation refer to :
https://brainly.com/question/16071485
#SPJ4
given that jacob's chocolates had owner investments of $4,000; net income during the period of $10,000; and owner withdrawals of $300 calculate the ending balance in the owner's capital account.
Answers
Based on the owner investments, the net income and the owner withdrawals, the ending balance in the owner's capital account for Jacob's Chocolates is $13,700
What is the ending balance in owner's capital?The ending balance in the owner's capital can be found by the formula:
= Beginning owner investments + Net income during the period - Owner withdrawals
This is because net income increases the capital account but any withdrawals by the owner decreases it.
Solving for the ending balance gives:
= 4,000 + 10,000 - 300
= 14,000 - 300
= $13,700
Find out more on owner capital balance at https://brainly.com/question/23611130.
#SPJ1
Fred Ridgeway has been given the responsibility of managing a training and development program. He knows the EST and LST (both in months), and the total costs for each activity. This information is given in the table for this problem. (a) Using ESTs, determine Fred's total monthly budget. (b) Using LSTs, determine Fred's total monthly budget.
Answers
(a) To calculate Fred’s total monthly budget using ESTs, we can simply add the cost for each activity for the duration of the EST. For example, the EST for the first activity is 2 months, so Fred’s total budget for this activity is $800.
We can do the same for the remaining activities, and then add the totals to get Fred’s total monthly budget using ESTs. In this case, Fred’s total monthly budget using the ESTs is $3,400.
(b) To calculate Fred’s total monthly budget using LSTs, we can add the cost for each activity for the duration of the LST. For example, the LST for the first activity is 4 months, so Fred’s total budget for this activity is $1,600.
We can do the same for the remaining activities, and then add the totals to get Fred’s total monthly budget using LSTs. In this case, Fred’s total monthly budget using the LSTs is $4,800.
Know more about budget here
https://brainly.com/question/15683430#
#SPJ11
How many steps are there in the decision-making process?
O 12
O 10
07
05
Answers
Answer:
There are seven steps for decision making process.
Explanation:
1) Identify the d decision
2) Gather relievant information
3) Identify the alternative
4) Weigh the evidence
5) choose among alternative
6) Take action
Review your decision and its consequences.
In the decision-making process, there are seven steps followed by an individual. So, option c. 7 is the correct option.
Here are the steps included in the decision-making process:
1) Identify the problem: the first step is to identify the problem, in which an individual can understand what is the problem for making the decision.
2) Gather relevant information: in this step, need information for making a good decision.
3) Identify the alternative: Analyze the alternatives and distinguish the conceivable arrangement concurring to the choice.
4) Weigh the evidence: analyze each alternative and know about the advantage and disadvantages of each alternative.
5)Select an alternative: after weighing the prove, select the most excellent elective for the choice.
6) Take action: take activity to execute the arrangement.
7) Review the choice: at last, checking on the choice implies the choice was taken is effective or not.
So, these steps are very important for taking a decision.
Learn more about decision-making, here:
https://brainly.com/question/30697303
#SPJ6
1. Which of the following BEST defines a down payment?
1. A down payment is a portion of the purchase price that increases the loan amount.
2. The down payment is the good faith escrow deposit.
3. A down payment is a portion of the purchase price that reduces the loan amount.
4. The down payment is the total amount borrowed for purchasing or leasing a car.
Answers
Answer:
3
Explanation:
It has to be this one because it is intial payment to help someone.
Help this is super confusing
Answers
Answer: Reasons
Explanation: Crystals are collected for jewelry, sugar, salt, computer chips. So if it shows you all those examples it would be collected for many reasons. I hope this helped!
Money needed to expand for additional inventory, equipment, marketing cost, employees, etc. is known as which of the following? Competitive risk Market analysis Marketing Expansion capital
Answers
Answer:
Expansion capital
Explanation:
Expansion capital can be defined as the money that a company uses to expand itself and business. Expansion capital is always included in company balance sheets. Expansion capital is also known as growth capital.
Expansion or growth money usually covers additional inventory, equipment, marketing cost, employees, etc as seen in the question.
Cheers.
is a distributor who wants to start using a contribution format income statement for planning purposes. the company has analyzed its expenses and developed the following cost formulas: cost cost formula cost of good sold $35 per unit sold advertising expense $210,000 per quarter sales commissions 6% of sales shipping expense ? administrative salaries $145,000 per quarter insurance expense $9,000 per quarter depreciation expense $76,000 per quarter because shipping expense is a mixed cost, the company needs to estimate the variable shipping expense per unit sold and the fixed shipping expense per quarter using the following data: quarter units sold shipping expense year 1: first 10,000 $ 119,000 second 16,000 $ 175,000 third 18,000 $ 190,000 fourth 15,000 $ 164,000 year 2: first 11,000 $ 130,000 second 17,000 $ 185,000 third 20,000 $ 210,000 fourth 13,000 $ 147,000\
Answers
Fixed shipping expense per quarter is given $119,000 which is lowest shipping expense minus $91,000 total variable shipping expense at the lowest activity level comes to be $28,000. If Highest was given as 20,000 units with $210,000 shipping expense. Lowest: 10,000 units with $119,000 shipping expense.
Calculate the variable shipping expense per unit. Variable shipping expense per unit: $91,000 / 10,000 units = $9.10 per unit. Calculate the total variable shipping expense at the lowest activity level. Total variable shipping expense at 10,000 units: 10,000 units x $9.10 per unit = $91,000. Fixed shipping expense per quarter: $119,000 (lowest shipping expense) - $91,000 (total variable shipping expense at the lowest activity level) = $28,000
So, the variable shipping expense per unit sold is $9.10 and the fixed shipping expense per quarter is $28,000. This amount represents the fixed cost of shipping. Therefore, the variable shipping cost per unit sold and the fixed shipping cost per quarter are calculated by determining the high and low activity levels, calculating the change in cost, and multiplying it by the activity level at either the high or low point of activity.
Know more about shipping expense here:
https://brainly.com/question/16253477
#SPJ11
true or false: grouping two or more products together and pricing them as a unit is called stacking.
Answers
The statement "grouping two or more products and pricing them as a unit is called stacking" is false.
Grouping two or more products and pricing them as a unit is called "bundling" rather than stacking. Stacking refers to the practice of applying multiple discounts or promotions to a single product or purchase. Stacking generally refers to the arrangement or organization of objects, while bundling is a pricing strategy that involves offering multiple products together at a single, often discounted, price. In bundling several products are grouped and sold as a single unit. Bundling is a strategy used to encourage customers to buy more products.
know more about pricing here : https://brainly.com/question/25716956
#SPJ11
Which of the following best describes the law of supply and demand?
A. When a desirable product or service is plentiful, its value increases.
B. Businesses can charge extra for products that people use every day.
C. When there is a high demand for a product, it is hard to supply.
D. When a desirable product or service is scarce, its value increases,
Answers
Answer:
d is you answer
Explanation:
Answer:
D. When a desirable product or service is scarce, its value increases.
Explanation:
Because more people want a product that there is less of, meaning they will raise the price.
Marilyn has a biweekly gross pay of $810 and claims 3 federal withholding allowances. Marilyn has all of the following deductions from her gross pay:
federal tax from the following table
A 9-column table with 7 rows is shown. Column 1 is labeled If the wages are at least with entries 720, 740, 760, 780, 800, 820, 840. Column 2 is labeled But less than with entries 740, 760, 780, 800, 820, 840, 860. Column 3 is labeled And the number of withholding allowances is 0, the amount of income tax withheld is, with entries 80, 83, 86, 89, 92, 95, 98. Column 4 is labeled And the number of withholding allowances is 1, the amount of income tax withheld is, with entries 62, 65, 68, 71, 74, 77, 80. Column 5 is labeled And the number of withholding allowances is 2, the amount of income tax withheld is, with entries 44, 47, 50, 53, 56, 59, 62. Column 6 is labeled And the number of withholding allowances is 3, the amount of income tax withheld is, with entries 26, 28, 31, 34, 37, 40, 43. Column 7 is labeled And the number of withholding allowances is 4, the amount of income tax withheld is, with entries 14, 16, 18, 20, 22, 24, 26. Column 8 is labeled And the number of withholding allowances is 5, the amount of income tax withheld is, with entries 1, 3, 5, 7, 9, 11, 13. Column 9 is labeled And the number of withholding allowances is 6, the amount of income tax withheld is, with entries 0, 0, 0, 0, 0, 0, 1.
Social Security tax that is 6.2% of her gross pay
Medicare tax that is 1.45% of her gross pay
state tax that is 21% of her federal tax
Determine how Marilyn’s net pay will be affected if she increases her federal withholding allowances from 3 to 4.
a.
Her net pay will increase by $15.00.
b.
Her net pay will decrease by $15.00.
c.
Her net pay will increase by $18.15.
d.
Her net pay will decrease by $18.15.
Answers
Answer:
c
Explanation:
Answer:
Her net pay will increase by $18.15
Select a single stock issue, then perform each of the ratio valuations, covered in the lesson. Compare the information and make a recommendation on the value of the stock, and whether it is a good investment. Your submission must list the name of the stock, the data. The information was obtained, the source from which the information was drawn, and a list of each of the ratio models, showing the results. Also, prepare a narrative of at least two paragraphs that analyzes your findings and indicates your recommendations.
Answers
We should note that stock valuation helps to predict the future price or potential market prices for the investors to time their sales or purchase of investments. Its values the intrinsic value of the stock that shows the profitability of the business and its future market value.
What is the stock valuation of Apple Inc?In this context, let's assume we're analyzing Apple Inc. (AAPL), a technology company that designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players.
One key ratio valuations that investors might use to assess the value of AAPL is Price-to-earnings ratio (P/E ratio). This ratio compares the current stock price to the company's earnings per share (EPS). A high P/E ratio suggests that investors are willing to pay a premium for the stock based on its earnings potential.
To calculate the P/E ratio for AAPL, we would divide the current stock price by the company's EPS. As of 2022, AAPL had a P/E ratio of around 28, which is slightly higher than the industry average of around 24.
Read more about stock valuation
brainly.com/question/28384706
#SPJ1
how do digital factories and lean manufacturing differ from other manufacturing technologies? why are these new approaches needed in today’s environment?
Answers
Digital factories and lean manufacturing differ from other manufacturing technologies in that they are designed to increase efficiency and productivity while reducing waste.
They rely on automation, robotics, and data analytics to streamline processes and eliminate manual labor. Additionally, they allow for shorter lead times and faster delivery of goods.
These new approaches are needed because of the increased competition in the global market and the need for businesses to remain competitive.
With digital factories and lean manufacturing, businesses can better track their production, reduce costs, and quickly deliver products while still maintaining high quality. Additionally, they can improve customer satisfaction by reducing wait times and offering more customization options.
Learn more about manufacturing: https://brainly.com/question/25646504
#SPJ11
A general rule of thumb is to keep your credit utilization rate at 30% or lower. What is your approximate credit utilization rate for this current billing cycle? (Hint: Credit Utilization Rate = Balance / Credit Limit)
Answers
Answer:
90%
Explanation:
Read the scenario.
Madison received $100 as a holiday gift. She used it to buy 50 mineral infused candles for $2
each. Then, she walked around the neighborhood and sold the candles for $4 each.
R
What factors of production did Madison use?
Answers
Answer:
1/34
Explanation:
Answer:
all four factors of production
Explanation:
I just took the test now and got it right
6. What type of force is your answer in number 4?
Answers
Answer:
What was your answer in number 4?
What is a loan forgiveness program? everfi
1. A legal action that can be taken if the loan company has discriminated against you.
2. A program that allows you to correct mistakes on a loan application.
3. A program that reduces or wipes away the amount of your loan if you are eligible.
4. A policy of most loan companies where up to 6 late payments are accepted without penalties.
Answers
Answer:
Option 3.
Explanation:
A program that reduces or wipes away the amount of your loan if you are eligible is a loan forgiveness program. The Public Service Loan Forgiveness Program is designed to encourage people to get into and stay in full-time public service careers.
How does loan forgiveness programs work?If one is qualify for full forgiveness, cancellation, or discharge of its loan, they are no longer obligated to make payments.
If one is only eligible for forgiveness, cancellation, or discharge of a portion of their loan, they must return the remaining sum.
Thus, option c is correct.
For more details about loan forgiveness programs, click here
https://brainly.com/question/22714444
#SPJ2
02-021 - Definition of Gap Analysis
Answers
Gap analysis is a process of comparing the current state or performance of a system or organization with the desired state or performance. The purpose of gap analysis is to identify gaps or discrepancies between the current and desired states and develop strategies to bridge those gaps.
In business and management, gap analysis is often used to evaluate performance or to identify areas for improvement. It can be applied to various aspects of an organization, such as processes, systems, performance metrics, and employee skills.
Gap analysis typically involves several steps, including:
Defining the current state or performance of the system or organization.
Defining the desired state or performance.
Comparing the current and desired states to identify gaps or discrepancies.
To know more abouT Gap analysis'' here
https://brainly.com/question/28444684
#SPJ4
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
Gertrude takes out a $5,500 subsidized Stafford loan, which must be paid back in ten years. Gertrude will graduate four years after taking out the loan. If the loan has an interest rate of 6. 8%, compounded monthly, and Gertrude makes monthly payments, how much interest will she pay by the time the loan is repaid? Round all dollar values to the nearest cent. A. $4,462. 40 b. $1,213. 28 c. $1,713. 69 d. $2,094. 80.
Answers
The interest is the amount of payment that is given by the borrower to the lender of money, it is the excess amount that is paid for the use of money.
The amount of interest that Gertrude would pay is $2,908 to repay the total amount of the loan.
What is interest?Interest is the monetary charge for acquiring money, and it is mostly shown as a percentage, such as an annual percentage rate (APR).
Interest is the excess amount that is paid by the lender to use his money on a certain percentage, and it is repaid with the amount of principal.
Computation of Interest:
Given that,
Principal(P) = $5,550,
Interest Rate(i) = 6.8%,
\(\text{i} = \dfrac{6.8}{12\times100}\\\\\text{i} =0.005667\)
Number of monthly Installments(n)= 10×12 = 120.
Here, we apply the formula of E.M.I (Equated Monthly Installment):
\(\text{E.M.I.}= \dfrac{P\times i\times (1+i)^n}{(1+i)^n-1}\\\\\\\text{E.M.I.}=\dfrac{\$5,500\times 0.005667\times (1+0.005667)^1^2^0}{(1+0.005667)^1^2^0-1}\\\\\\\text{E.M.I.}=\$63.29\)
Here, the total installments of the loan are 120,
then the amount of total payment would be:
\(120\times\$63.29= \$7,594\)
Then, the amount of interest that is paid on the loan would be:
\(\text{Amount -Principal}= \text{Interest}\\\\\$7,594.28-\$5,500= \$2,094.28\\\\\\\text{Interest}= \$2,094.28\)
Therefore, the total amount of interest that Gertrude has to pay is $2,097.28.
Learn more about interest, refer to:
https://brainly.com/question/4605117
The three relevant dates involving cash dividends are the declaration date, date of record, and payment date.
Answers
The three relevant dates involving cash dividends are crucial to understand for any investor. The first date is the declaration date, which is when the company's board of directors announces the dividend and the amount to be paid.
The next date is the date of record, which is the date when the company determines which shareholders are eligible to receive the dividend.
Finally, the payment date is when the dividend is actually distributed to the eligible shareholders. It is important to note that the declaration date and date of record do not involve any cash transactions, while the payment date is the actual day when the investors receive their dividends.
These dates are critical for investors to plan their investment strategies and make informed decisions about buying and selling shares.
To know more about cash dividends,refer to the link:
https://brainly.com/question/13535979#
#SPJ11
Hey society decided that it needs to produce more corn to feed a growing population one more stage two before it begins to production process
Answers
Answer:
Consider availability of existing resources.
Explanation:
The society should check the availability of existing resources before going for the production of more corns. There should be abundant quantity of water available which will be used for planting and growing corns. It should be analyzed that society is not affected by the production of corns. The should be sufficient land available to grow the plants.