Dr Nick

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About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 340 Weeks Ago
Questions Answered: 19234
Tutorials Posted: 19224

Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 14 Jun 2017 My Price 13.00

the company can earn 8 percent per annum o

Assignment 2: Cash Management

By Wednesday, May 31, 2017 solve the following problem. Norma’s Cat Food of Shell Knob ships cat food throughout the country. Norma has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by two and one-half days. Furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. The bank has a remote disbursement center in Iowa.

  1. If the company has $5 million per day in collections and $3 million per day in disbursements, how many dollars will the cash management system free up?  Justify your answers.
  2. If the company can earn 8 percent per annum on freed-up funds, how much will the income be? Justify your answers.
  3. If the annual cost of the new system is $800,000, should it be implemented? Explain why or why not.

Turn in your completed work to the M2: Assignment 2 Dropbox by Wednesday, May 31, 2017.

Answers

Dr Nick
(4)
Status NEW Posted 14 Jun 2017 05:06 PM My Price 13.00

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