Acalifornia firm is planning to use a lockbox system to speed up collections from its customers located on the east coast. a philadelphia-area bank will provide this service for an annual fee of $6500 plus 10 cents per transaction. the estimated reduction in collection and processing time is one day. if the average customer payment in this region is $2900, how many customers each day, on average, are needed to make the system profitable for the firm? the firm can invest in treasury bills, currently yielding 4% per year, and there are 365 days per year.

Quantitative problem: you need $20,000 to purchase a used car. your wealthy uncle is willing to lend you the money as an amortized loan. he would like you to make annual payments for 4 years, with the first payment to be made one year from today. he requires a 8% annual return. what will be your annual loan payments? round your answer to the nearest cent. do not round intermediate calculations. $ how much of your first payment will be applied to interest and to principal repayment? round your answer to the nearest cent. do not round intermediate calculations. interest: $ principal repayment

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?