FIN624_fcordero_week5

FIN624_fcordero_week5 - 100,000.00 5.00 500,000.00...

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Chapter 8 Problem 1 225000 A 1 A PV= 224,397.51 602.49 0.27 A PV= 2,199.10 B 225000 1 B PV= 224,483.38 516.62 0.27 B PV= 1,885.66 C. Yes because it allows the companies to have the funds faster and D. The time shortens and is removed from their account faster. Chapter 9 Problem 2 Remittance Collection Float Dollar-day float 500,000.00 8.00 4,000,000.00
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Unformatted text preview: 100,000.00 5.00 500,000.00 50,000.00 8.00 400,000.00 1,000,000.00 3.50 3,500,000.00 25,000.00 5.00 125,000.00 1,675,000.00 8,525,000.00 Average Dollar-day float 284,166.67 Average collection float 5.09 days Annual cost of float 14,208.33 225000 7 Day 225000 6 Day d allow more in the present value...
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This note was uploaded on 06/02/2010 for the course ACC 624 taught by Professor Smith during the Spring '10 term at Grand Canyon.

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FIN624_fcordero_week5 - 100,000.00 5.00 500,000.00...

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