Question
In: Finance
a mail order firm processes 6 300 checks per month. of these, 70 percent are for...
a mail order firm processes 6 300 checks per month. of these, 70 percent are for $53 and 30 percent are for $85. the $53 checks are delayed two days on average; the $85 checks are delayed three days on average. assume 30 days in a month. a.1 what is the average daily collection float. a.2 how do you interpret your answer. b.1 what is the weighted average delay. b2. calculate the average daily float. c. how much should the firm be willing to pay to eliminate the float. d. if the interest rate is 6 percent per year, calculate the daily cost of the float. e. how much should the firm be willing to pay to reduce the weighted average float to 2 days.
Solutions
jeff jeffy answered 9 months agoRelated Solutions
A mail-order firm processes 5,000 checks per month. Of these, 70 percent are for $40 and...
A mail-order firm processes 5,000 checks per month. Of these, 70
percent are for $40 and 30 percent are for $72. The $40 checks are
delayed three days on average; the $72 checks are delayed four days
on average. Assume 30 days in a month.
a-1.
What is the average daily collection float? (Do not
round intermediate calculations.)
a-2.
How do you interpret your answer? (Do not round
intermediate calculations.)
b-1.
What is the weighted average delay? (Do not round...
A mail-order firm processes 5,800 checks per month. Of these, 70 percent are for $48 and...
A mail-order firm processes 5,800 checks per month. Of these, 70
percent are for $48 and 30 percent are for $80. The $48 checks are
delayed three days on average; the $80 checks are delayed four days
on average. Assume 30 days in a month. a-1. What is the average
daily collection float? (Do not round intermediate calculations.)
a-2. How do you interpret your answer? (Do not round intermediate
calculations.) b-1. What is the weighted average delay? (Do not
round...
A mail-order firm processes 6,000 checks per month. Of these, 70 percent are for $50 and...
A mail-order firm processes 6,000 checks per month. Of these, 70
percent are for $50 and 30 percent are for $82. The $50 checks are
delayed three days on average; the $82 checks are delayed four days
on average. Assume 30 days per month.
a-1. What is the average daily collection float? (Do not round
intermediate calculations and round your answer to the nearest
whole number, e.g., 32.)
a-2. How do you interpret your answer?
b-1. What is the weighted...
A mail-order firm processes 5,600 checks per month. Of these, 60 percent are for $46 and...
A mail-order firm processes 5,600 checks per month. Of these, 60
percent are for $46 and 40 percent are for $78. The $46 checks are
delayed three days on average; the $78 checks are delayed four days
on average. Assume 30 days per month.
a-1.
What is the average daily
collection float? (Do not round intermediate calculations
and round your answer to the nearest whole number, e.g.,
32.)
Average daily
collection float
$
a-2.
How do you interpret your
answer?...
A mail-order firm processes 5,500 checks per month. Of these, 60 percent are for $42 and...
A mail-order firm processes 5,500 checks per month. Of these, 60
percent are for $42 and 40 percent are for $77. The $42 checks are
delayed two days on average; the $77 checks are delayed three days
on average. Assume 30 days in a month.
a-1 What is the average daily collection float? a-2 How do you
interpret your answer?
b-1 What is the weighted average delay?
b-2 Calculate the average daily float. c. How much should the
firm be...
6. Morning House is a mail-order firm which carries a wide range of rather expensive art...
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advance which items will sell well and which will not.
Consequently, the firm frequently experiences either stock-outs or
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Lilliput, a one-product mail-order firm, buys its product for $55 per unit and sells it for...
Lilliput, a one-product mail-order firm, buys its product for
$55 per unit and sells it for $153 per unit. The sales staff
receives a 10% commission on the sale of each unit. Its December
income statement follows.
LILLIPUT COMPANY
Income Statement
For The Month Ended December 31, 2011
Sales
$
1,530,000
Cost of goods
sold
550,000
Gross profit
980,000
Expenses
Sales commissions (10%)
153,000
Advertising
246,000
Store rent
26,300
Administrative salaries
51,500
Depreciation
61,500
Other expenses
14,300
...
6. Lindsey checks her voice mail and is pleased to find that she has two messages...
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Paradines, before and knows that they pay $10 an hour. She knows
the second family, the Welches, but has never babysat for them
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A firm has two types of sales for one product: online and mail
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Online sales bring in $20 each
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online sale(s) and 6,000 mail order sale(s).
What is the firm's mix variance for
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A firm has two types of sales for one product: online and mail order. The firm...
A firm has two types of sales for one product: online and mail
order. The firm understands these two types of sales to be
substitutable. The firm's standard mix is 3 online sale(s) for
every 8 mail order sale(s).
Online sales bring in $23 each
Mail order sales bring $7 each
The firm's actual sales were 10,000 total units with 4,000
online sale(s) and 6,000 mail order sale(s).
What is the firm's mix variance for
sales?
NOTE: only input a...
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