PLEASE ANSWER ALL QUESTIONS! Aqua System Inc. expects to have \\( \\$ 24,974,427 \\)...
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PLEASE ANSWER ALL QUESTIONS!
Aqua System Inc. expects to have \\( \\$ 24,974,427 \\) in credit sales during the coming year. Currently all checks are sent to the home office. A proposed lockbox system can eliminate 4 days of float, releasing funds which, when invested, will earn 9.63 percent per year. What annual savings can Aqua System expect if the system is implemented? Use a 365-day year. Round the answer to two decimal places Post Card Depot, an large retailer of post cards, orders \\( 9,393,212 \\) post cards per year from its manufacturer. Post Card Depot plans on ordering post card 22 times over the next year. Post Card Depot receives the same number of post cards each time it orders. The carrying cost is \\( \\$ 0.22 \\) per post card per year. The ordering cost is \\( \\$ 299 \\) per order. What is the annual carrying costs of post card inventory (round the answer to two decimal places)? Assume that today's date is April 15, 2015. Fresh Bakery Inc. bond is an annual-coupon bond. Par value of the bond is \\( \\$ 5,000 \\). How much you will pay for the bond if you purchased the bond today? The answer should be calculated to two decimal places
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