Firm A has total revenues of $50 million and typically earns 5% p.a. on its short-term investments. If the fir

Question:Firm A has total revenues of $50 million and typically earns 5% p.a. on its short-term investments. If the firm can achieve a 4-day reduction in float, the annual gross savings to the firm is
a. $34520
b. $27397
c.$50179
d.$55197

Answers:
B.

But it is not actually correct. %'s are generally figured on a standard 360 day calendar year, this problem uses 365

---

More questions and answers...

would community college help me get into pre-med school?

What is the best way to increase your memory?

I am in a catch 22 situtation. I have got admission in two colleges which one should i choose?

When is the best time to take the SAT when your a junior?

At which time do you prefer to study for a test?

I need to choose between to colleges, how do I choose the best one for me?

Do you respect members of black auillary fraternity groups?

How do we know Sigmund Freuds comment on typical ?

When should i change my major?