Brett's, Inc is a national distributor of women's apparel. The company expects to receive 95,000 checks during
the coming year totaling $78 million. A large bank has offered to install a lock-box system at a charge of $0.45
per processed check.
If Brett's, Inc is able to earn 5 percent before tax on additional funds, what is the minimum
amount of total float days that must be saved to make the system worthwhile? Use a 365-day year.
0.45 = D × ($78 million)(.05)
(95,
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Each state is required to prepare a(n) ________ that sets out how the state plans to meet the federal standards set by the national ambient air quality standards (NAAQS)
A) strategic environmental assessment B) environmental impact statement plan C) state assessment plan D) state implementation plan
The optimal order quantity as determined by the EOQ occurs when ________
A) ordering costs equal carrying costs B) ordering costs are exactly 1/2 of carrying costs C) ordering costs are exactly twice as much as carrying costs D) None of the answers provided is accurate.