Milligan Products’ bank offered to reduce the collection time on the company’s deposits by 2 days. Milligan has daily cash receipts of $25,400. The bank wants to charge a monthly fee for the collection time reduction of $80. Money market rates are expected to average 2.1% during the year. How much is Milligan’s net benefit or cost for the year if it undertakes this offer? (Round the answer to the nearest whole dollar.)
Answers: 2
Business, 21.06.2019 20:30, 7841784
Which of the following mechanisms would be most likely to motivate managers to act in the best interests of shareholders? a) decrease the use of restrictive covenants in bond agreements, b) take actions that reduce the possibility of a hostile takeover, c) elect a board of directors that allows managers greater freedom of action, d) increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries, e) eliminate a requirement that members of the board directors have a substantial investment in the firm's stocks
Answers: 2
Business, 22.06.2019 03:40, Jackson4568
Oceanside marine company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. oceanside uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 2 pound per unit; $ 11 per pound direct labor: 2 hours per unit; $ 19 per hour oceanside produced 2 comma 000 units during the quarter. at the end of the quarter, an examination of the direct materials records showed that the company used 7 comma 500 pounds of direct materials and actual total materials costs were $ 98 comma 100. what is the direct materials cost variance? (round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
Answers: 1
Milligan Products’ bank offered to reduce the collection time on the company’s deposits by 2 days. M...
Social Studies, 16.09.2019 22:00
English, 16.09.2019 22:00
Social Studies, 16.09.2019 22:00
Mathematics, 16.09.2019 22:00