Flashbinder Guitars, Inc is considering a lockbox system that will increase its check processing cost
by $.20 per check.
The company estimates an average check size of $900 and expects any funds
freed up by the new lockbox system can be invested in an account that earns 4% per year before
taxes. What reduction in collection time is necessary for the lockbox to be beneficial to Flashbinder
Guitars, Inc?
A) 1.73 days B) 2.15 days C) 2.03 days D) 1.96 days
C
Business
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Which of the following best describes conservative, conventional people whose beliefs revolve around family, church, community, and their country?
A) believers B) strivers C) makers D) survivors
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In a pure monopoly, the market consists of many buyers and sellers who trade over a range of prices rather than a single market price
Indicate whether the statement is true or false
Business