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Builders Circle, a hardware and building supplies company, processes all its cus- tomer

16 / 01 / 2019 Research Papers

This paper circulates around the core theme of Builders Circle, a hardware and building supplies company, processes all its cus- tomer together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

ST2. Builders Circle, a hardware and building supplies company, processes all its cus- tomer… 1 answer below » ST2. Builders Circle, a hardware and building supplies company, processes all its cus- tomer credit card payments at its Atlanta headquarters. A Boston  bank  has offered to process the payments from Builders Circle customers located in the New England region for $50,000 per year plus $0.20 per payment. No compen- sating balance will be required. Under this lockbox arrangement, the average mailing time for payments would be reduced from 3 days to 1.5 days. Check processing and clearing time would be reduced from 5 days to 2. Annual collec- tions from the New England region are $292 View complete question » ST2. Builders Circle, a hardware and building supplies company, processes all its cus- tomer credit card payments at its Atlanta headquarters. A Boston  bank  has offered to process the payments from Builders Circle customers located in the New England region for $50,000 per year plus $0.20 per payment. No compen- sating balance will be required. Under this lockbox arrangement, the average mailing time for payments would be reduced from 3 days to 1.5 days. Check processing and clearing time would be reduced from 5 days to 2. Annual collec- tions from the New England region are $292 million. The total number of pay- ments received annually is 600,000 (an average of 50,000 credit card holders x 12 payments per year). Assume that any funds released by this lockbox arrange- ment can be invested by Builders Circle to earn 10 percent per year before  taxes. The establishment of a lockbox system for the New England region will reduce payment processing costs at its Atlanta headquarters by $40,000 per year. Using this  information, determine a.    The amount of funds released by this lockbox arrangement b.   The annual (pretax) earnings on the released funds c.    The annual fee that Builders Circle must pay the Boston bank for processing the payments d.   The annual net (pretax) benefits Builders Circle will receive by establishing this lockbox arrangement with the Boston bank View less » Jan 07 2016 10:51 AM


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