By Wednesday, October 4, 2017 solve the following problem. Norma’s Cat Food of Shell Knob ships cat food throughout the country. Norma has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by two and one-half days. Furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. The bank has a remote disbursement center in Iowa.
Assignment 2 Grading Criteria Maximum Points
Correctly calculated that amount in dollars the cash management system will free up and justified the response. 30
Correctly calculated income and justified response. 30
Clearly explained if the new system should be implemented. 30
Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation. 10