Respond to this Question
Similar Questions

Accounting
Lock boxes Anne teak, The finanicial manager of the furniture manufactures, is considering operating a lock box system. she forcasts that 400 payments a day will be made to lock boxes with an average payment size of $2000. The
asked by Neena on June 26, 2006 
Accounting ASAP
Forcasting Payments If firm pays it's bill with 30 day delay, what fraction of it's purchases will be paid for in the current quarter? I following quarter? What is it's payment delay is 60 day. Assuming that this company opened
asked by Neena on June 26, 2006 
Accounting: Lock Box System
What minimum reduction in the time to collect and process each check is needed to justify use of the lock box system? If 400 payments per day, 2,000 average payment size, Bank charge $.40 per check and interest rate is .015 per
asked by Lola on October 10, 2006 
finance
Century Corporation uses a continuous billing system that results in average dialy receipts of $600,000. The company treasurer estimates that a proposed lockbox system could reduce its collection time by 2 days. a. How much cash
asked by Nikki on January 19, 2010 
Theory of interest
An annuity last for 12 calendar years.At the end of each quarter,there is a payment.First quarter payment are $200,second quarter payments are $300,third quarter payments are $150 and fourth quarter payments are $400.Find the
asked by Frank on December 15, 2015 
Theory of interest
An annuity last for 12 calendar years.At the end of each quarter,there is a payment.First quarter payments are $200,second quarter payments are $300,third quarter payments are$150 and fourth quarter payments are $400.Find the
asked by Frank on December 15, 2015 
business finance
Stacy took out a loan for $15,000. Her note was for 300 days at 5% ordinary interest. On day 100 she made a partial payment of $5,000. On day 200 she made a second payment of $5,000. On day 250 she made yet a third payment of
asked by karly on November 27, 2016 
IMF: Program Design
Assume real growth of government consumption of 20%, and revised real growth of public investment for 10.9% (check respectively, cells I45 and I46 in worksheetGov_Exp_proj). Please calculate the following to the nearest integer
asked by rvanegas on November 2, 2015 
Theory of interest
An annuit last for 12 calendar years.Atthe end of each quarter,there isa payment.First quarter paynments are $200,second quarter payments are $300,third quarter payments are $150 and fourth quarter payments ate $400.Find the
asked by Frank on December 15, 2015 
Math
The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54. Loan Balance: $30,000.00 Loan Interest Rate: 7.00% Monthly Loan Payment: $348.33 Number of Payments: 120 Cumulative Payments:
asked by Layla on December 13, 2015