40. Which of the following variables are included in the BAT model? 41. The BAT model is used to: -B. determine the optimal cash 42. The Miller-Orr model assumes that: -E. the cash balance 43. The Miller-Orr model: -E. advocates investing an amount 45. The Hobby Shop has a checking account with a ledger balance of $692. -C. $846 46. On an average day, Plastics Enterprises writes 42 checks with an average amount of $587. -D. $49,308 47. On average, your firm receives 62 checks a day from customers. -C. $3,710.70 48. When Chris balanced her business checkbook, she had an adjusted bank balance of $11,418. -B. $1,758 49. Your company has an available balance of $7,911. -A. net collection float of $1,180 50. A firm has $16,718 in outstanding checks that have not cleared the bank. -D. net disbursement float of $3,268 51. Your firm generally receives 4 checks a month. -A. $1,070 52. Hoyes Lumber generally receives 3 checks a month. -A. $1,386.67 53. The Blue Star generally receives only 3 checks a month. -B. $1,456.67 54. The Food Wholesaler generally receives 4 checks a month. -C. $22,236.67 55. Hot Tub Builders sells to three retail outlets. -B. $8,190.00 56. Atlas Builders deals strictly with five customers. -A. $1,143.33 57. National Exporters deals strictly with two customers. -C. $5,306.67 58. Cross Country Trucking provides transportation services exclusively for four customers. -C. 2.46 days 59. High Brow Express deals strictly with two customers. -E. 2.16 days 60. The Metallurgical Specialty Co. deals strictly with four customers. -E. 2.23 days 61. On an average day, Goose Down Feathers receives $2,400 in checks from customers. -D. $4,080.00 62. On an average day, Town Center Hardware receives $2,420 in checks from customers.-E. $5,082.00 63. On an average day, your firm receives $11,800 in checks from customers. -B. $3.72 64. On an average day, Wilson & Wilson receives $7,800 in checks from customers. -B. $2.92 65. Your average customer is located 4.3 mailing days away from your firm. E. 8.0 days 66. It takes your firm 4.5 days to prepare and mail out all the monthly statements to your customers. ---A. 1.7 days 67. Currently, your firm requires 2 days to process the checks which customers mail in to pay for their credit purchases. -C. 4.25 days 68. You are considering implementing a lockbox system for your firm. -D. $5.32 69. Roger's Distributors receives an average of 216 checks a day. -E. $22.42 70. Hand Tools, Inc. receives an average of 611 checks a day. -C. $168.03 71. You are considering implementing a lockbox system for your firm. The system is expected to reduce the average collection time by 1.3 days-D. $29.92 72. You are considering implementing a lockbox system for your firm. -D. $4,181,483 73. Rosewell International receives an average of 268 checks a day-C. $26,264 74. The Eliot Co. needs $185,000 a week to pay bills. D. $128,224 75. Theo's Bar & Grill needs $147,000 a week to pay bills. C.
You've reached the end of your free preview.
Want to read all 3 pages?