Thursday, August 27, 2020
Finanical Management - Essay Example (Contributing, 2005) For example, the US government is the dealer of the bonds. At the point when you purchase securities, you become a speculator, and they are for all intents and purposes loaning cash to the US government. The bond bears a guarantee of the dealer to reimburse the chief measure of the credit at a predefined time. At the point when the US Treasury gives a bond, the administration assurances to take care of your chief known as the assumed worth in addition to enthusiasm on development. At the point when the speculator purchases a bond and holds up until it develops, he will realize precisely the amount he will get at the development time of the bond. It additionally called a fixed-pay speculation as a consistent payout is given every year, or semi-yearly. For instance, you buy a security at $1,000 with a fixed pace of 6%, with 4 years of development, your salary ($60/1000) is $60 which is payable to you consistently for a long time, at that point you get the assumed worth of the bond. The coupon rate in security is fixed and is conveyed until the development of the security, yet the provided cost estimate of the securities shifts as a result of the loan costs vacillation. Variances in loan fees esteems bonds higher or lower than its unique worth. So when a financial specialist purchases a bond and the intrigue falls, the estimation of the bond rises, and when the intrigue rises, the cost of the bond falls. Value changes in bonds happen in selections of bonds. Longer term bond costs are more variable than transient bond costs and progressively dangerous. Longer term securities are increasingly presented to loan fee dangers on the grounds that the long stream of premium installments to financial specialists doesn't coordinate the current market loan costs. (AAII) Coupon loan fees differ and changes since it is brought about by the vacillation of paces of interests. Interests in bonds might be fixed, drifting or payable at development. Financing costs fluctuate in light of the fact that a few dealers and purchasers of security need to have a customizable loan cost which is identified with the predominant market rates. This is known as a
Saturday, August 22, 2020
How persuading is Porter's model of national upper hand in clarifying the functions and accomplishments of significant country - Essay Example Boss exercises are held up by the foundation of the association, staff the board, innovation development and acquirement. By the by, the PorterÃ¢â¬â¢s model has its powerless point. In the monetary sense, the model expect a customary market. The more the creation is managed, the less huge bits of knowledge the model can offer. PorterÃ¢â¬â¢s model is suitable for investigation of a straightforward market structure. The model is established on the possibility of rivalry. The new enthusiasm for state intensity has opened up the discussion on the genuine significance and comprehension of worldwide seriousness of nations. The administration hypotheses that association intensity can grow to nation seriousness as clarified by Porter in his precious stone work outline and the globe intensity reports. To understand why so much pressure is set on the jewel structure in the association writing, a differentiation must be rough between the feeling of intensity at a country level and worldwide seriousness. National intensity and national precious stone Conventional speculations of worldwide arrangement recommend that near bit of leeway lives in the factor enrichment with the goal of a nation to acquire. Factor enrichments involve land, common stores, work and the element of the neighborhood populace. Gladwell (2000) contends that a nation can make novel propelled issue blessing, for example, achieved work, a solid aptitude and information base, organization backing and culture. Watchman utilized a precious stone formed drawing as the premise of system to embody the determinants of national bit of leeway. This precious stone speaks to the national playing field that nations build up businesses. There are studies connected to serious advantage of a national precious stone. The stock of elements at a given period is less huge than the degree that they are improved and sent. Inconsistent detriments in factor of creation urge advancement. Antagonistic specifications, for exam ple, work and shortage of rare crude materials constrain firms to come up new techniques and this curiosity regularly prompts an across the nation upper hand. While the market of a specific item is very much fabricated locally than in abroad markets the neighborhood associations give more fixation to that item than to abroad firms. This prompts a serious advantage when the nearby associations are sending out the item. A representation of how an industry can give an upper hand is removed from Japan .The Japanese copy industry embodies the precious stone of national addition. Japanese accomplished strength in this industry for different causes. Japanese factor conditions: Japan has a similarly high number of electrical wangles per capita. Japanese interest conditions: The Japanese commercial center was requesting for the explanation of the composed language. There was sizeable number of related and following ventures with great innovation. For example great scaled down segments as the re is less space in Japan. Local rivalry in the Japanese fax machine industry urged development and came about to quick cost decreases. Organization support-the state possessed telecom organization (NTT) misshaped its awkward endorsement necessities from every establishment to an extra broad sort
Friday, August 21, 2020
5 Ways To Take The Load Off After A Stressful Work Day Make Money Online Queries? Struggling To Get Traffic To Your Blog? Sign Up On (HBB) Forum Now!5 Ways To Take The Load Off After A Stressful Work DayUpdated On 05/08/2019Author : Ram kumarTopic : BusinessShort URL : https://hbb.me/2ZzJfiJ CONNECT WITH HBB ON SOCIAL MEDIA Follow @HellBoundBlogThere is no denying the fact that work can be stressful. You probably feel like youâre overwhelmed and exhausted when you return home. However, you should know that you donât have to go through life feeling stressed out. There are plenty of ways to deal with your stress. However, you need to understand that some methods are going to be better than others. Within this guide, youâll discover 5 ways to take the load off after a stressful day at work.Watch TelevisionFirst and foremost, you should think about watching television. This is a good way to obtain a little entertainment. It will allow you to escape your responsibilities for a brief period. Once youâve turned on the television, youâ ll be able to immerse yourself in a fantasy world. You wonât have to worry about the things going on around you. In return, your stress will dissipate and youâll start feeling better about the day.Read A BookSome people like watching television. Others would prefer to read a book. Reading a good way to expand your knowledge while also escaping reality for a brief period. It is best to stick with fantasy books. This will ensure that youâre able to escape stories that would hit too close to home. Either way, kicking back with a good book in your hand is a great way to put your mind at ease.Take A BathWhile youâre at it, you should think about taking a bath. Throw some aromatherapy into the picture and youâll be able to eliminate your stress quickly. When you soak in the water, youâll think about how amazing the water feels on your body. You will not be able to focus on your worries. In return, youâll start feeling better about everything.READ5 Tips for Posting Videos a nd Images OnlinePlaying GamesAnother great way to eliminate your stress is to play games. There are many great games out there and all of them are going to take your mind off of your worries. You can always play poker. Or, you can play PlayStation games. The possibilities are endless. Either way, you should sit back and turn on the computer or console. When youâre engrossed in the game, youâre not going to be able to stress out. Youâll have fun. Once the session has concluded, youâre going to walk away feeling so much better about things. Just remember to play moderately so you do not do yourself any harm.Go For A WalkFinally, you should think about going for a walk. This is another great way to eliminate your stress and it can have an abundance of other benefits. For instance, youâre going to get a little exercise. When youâre out there walking, youâll be able to focus on your pace and nature. You wonât be worrying about the things that happened at the office. You d onât have to walk far or long. A good ten or twenty-minute walk will do the trick. Once youâve returned home, youâll feel amazing and youâll be ready for bed.
Monday, May 25, 2020
Hunters and Hunters The story by Richard Connell Ã¢â¬Å"The most Dangerous GameÃ¢â¬ is a very thrilling, eventful story. Its full of many plot twists and turns. It focuses on one man s struggle for safety and another man s idea of whatÃ¢â¬â¢s socially acceptable. He claims that there are two types of people. The hunters and the huntees. Zaroff believes that the weak people were only placed onto the earth to serve and please the stronger kind. Meaning he was a stronger person, and anyone he believes he is better than is worthless. Richard Connell s story, Ã¢â¬Å"The most Dangerous GameÃ¢â¬ Rainsford, a very skill and acquired big game hunter falls overboard a ship and swims to what he believes is safety. Boy was he wrong! He is walking and stumbles across a huge mansion. Thinking its vacant he enters, big mistake. In the mansion he meets the hunters. He later finds out they arent only hunting animals and he might just become their next victim. In this story ZaroffÃ¢â¬â¢s overconfidence will g et the best of him and he will not be very lucky. He claims he is the best hunter in the world and attempts to kill Rainsford and chases him all over the island. In this short story, the hunters are Zaroff and Ivan. They are the ones hunting down Rainsford and trying to kill him on the island. In the beginning Rainsford believes that Ivan and Zaroff just hunt large game. He is correct but that begins to bore zaroff and he moves onto to a more hard to catch pray, hence the title, Ã¢â¬Å"The Most Dangerous GameÃ¢â¬â¢Show MoreRelatedThe Most Dangerous Game By Richard Connell1398 Words Ã |Ã 6 Pages Richard Connell s short work of fiction Ã¢â¬Å"The Most Dangerous GameÃ¢â¬ blurs the line between humans and animals and explores some of the causes of fear, especially the primal fear of being hunted. Appropriately, it is a suspense-driven work and relies heavily on the use of certain techniques to make sure the reader feels, or at least understands, the terror that the protagonist Sanger Rainsford feels. In the narrative, two techniques are combined to create suspense: careful use of foreshadowing createsRead MoreThe Most Dangerous Game By Richard Connell908 Words Ã |Ã 4 Pagesscreenplay for a movie called High Noon; a classic tale of when the hunter becomes the hunted. Then in 1924, Richard Connell wrote another classic, called The Most Dangerous Game. Although both stories demonstrate similar examples of the setting and conflict, the main characters react very differently to the unusual situations they find themselves stuck in. High Noon and The Most Dangerous Game share many similarities throughout the text. For example the setting. Both stories do a great job of displayingRead MoreThe Most Dangerous Game By Richard Connell1003 Words Ã |Ã 5 Pagesuneventful; many people need suspense and drama to feel motivated and engaged in things; this is the same for books. In the book, Ã¢â¬Å"The Most Dangerous GameÃ¢â¬ , by Richard Connell, the author used various literature methods to create suspense; the techniques he includes are used differently depending on which part of the plot they are used in.Ã Ã Ã In the story, Richard Connell uses imagery words to create a setting for the story. In turn, the setting gives readers an idea in regards to what is to happen laterRead MoreThe Most Dangerous Game by Richard Connell692 Words Ã |Ã 3 Pagespsychotic man. This psychopath is a fellow hunter, but desires to poach even greater and smarter game with extremely high intelligence, and is the smartest animal of all -- humans. Throughout the story, the author creates a suspenseful mood through several conflicts the main character encounters, while struggling to survive the Ã¢â¬Å"most dangerous game.Ã¢â¬ In Richard ConnellÃ¢â¬â¢s short adventure story, Ã¢â¬Å"The Most Dangerous Game,Ã¢â¬ Rainsford, a hunter, travels to South America on a hunting expedition, when he carelesslyRead MoreThe Most Dangerous Game By Richard Connell1008 Words Ã |Ã 5 PagesWhenever you hear the word evil or immoral, what pops up into your head? The character General Zaroff from a story called Ã¢â¬Å"The M ost Dangerous GameÃ¢â¬ written by Richard Connell pops up into my head. General Zaroff is a man who lives on an island called Ship-Trap Island. Zaroff proves his immorally so many ways in the story. He lures sailors onto this island by using a bright light to trap them into a fake cannel, kidnaps the sailors, and then hunts them. Zaroff is an evil person who kills humansRead MoreThe Most Dangerous Game By Richard Connell828 Words Ã |Ã 4 PagesÃ¢â¬Å"The Most Dangerous Game,Ã¢â¬ written by Richard Connell in 1924, was made into a movie in 1932. While transitioning the story to a movie, changes were made to the plot. The three changes from the short story to the film version of Ã¢â¬Å"The Most Dangerous GameÃ¢â¬ include the setup, the characters, and the game. These changes were made to make it possible to be filmed and to amuse the audiences. In the story, it starts off with Rainsford on a yacht with his friend Whitney. They are headed to Ship-Trap IslandRead MoreThe Most Dangerous Game By Richard Connell1318 Words Ã |Ã 6 Pagesmethod Richard Connell uses to create suspense in Ã¢â¬Å"The Most Dangerous GameÃ¢â¬ is slowing down the exposition with the purpose of dragging it out and creating a pace that keeps the reader waiting in a prolonged state of suspense. For example, on page 9, Rainsford stumbles upon the chateau after washing up on Ship-Trap island where he is greeted by its owner, saying Ã¢â¬Å"Ã¢â¬ËIt is a very great pleasure to welcome Mr. Sanger Rainsford, the celebrated hunter, to my home...I am General Zaroff.Ã¢â¬â¢Ã¢â¬ Connell is usingRead MoreThe Most Dangerous Game By Richard Connell857 Words Ã |Ã 4 Pages Richard Connell, the author of Ã¢â¬Å"The Most Dangerous Game,Ã¢â¬ used the setting in different functions through perseverance in his short story. One of the most critical elements of plot used in this story was suspense. In Ã¢â¬Å"The Most Dangerous Game,Ã¢â¬ the setting was used to create this, especially through water and foreshadowing. At the very beginning of the story, Whitney, RainsfordÃ¢â¬â¢s hunting partner, tells him that the nearby island was called Ã¢â¬Å"Ship-Trap Island.Ã¢â¬ This foreshadowing leads to a moreRead MoreThe Most Dangerous Game By Richard Connell852 Words Ã |Ã 4 PagesRichard ConnellÃ¢â¬â¢s 1924 short story titled Ã¢â¬Å"The Most Dangerous GameÃ¢â¬ is widely considered a masterfully dark work of short fiction, one that pulls the reader into surreal and chilling circumstances. Through his narrative, Connell provokes both intellect and emotion as he asks questions at the very core of human existence, questions concerning morality and ethics as understood by the modern individual. What is the value of human life? Does power justify action? With his macabre tone, Connell takesRead Mor eThe Most Dangerous Game By Richard Connell1360 Words Ã |Ã 6 PagesYen Nguyen Mr. Crockwell English Acc 1p: Period 1 24 September 2017 The Most Dangerous Essay Underestimation and cruel actions lead to many things. In Ã¢â¬Å"The Most Dangerous Game,Ã¢â¬ author Richard Connell reveals a conflict between the main characters, General Zaroff and Rainsford. Rainsford was to play the most dangerous game created by Zaroff, because the only way to survive, is to win it, otherwise death is the only other option. As demonstrated through the use of personification, symbolism, and
Thursday, May 14, 2020
Dreams of Fame in DjerassiÃ¢â¬â¢s Cantors Dilemma Opportunistic scientists, the most hypocritical deviants of the modern age, revolve around the scientific method, or at least they used to. The scientific method once involved formulating a hypothesis from a problem posed, experimenting, and forming a conclusion that best explained the data collected. Yet today, those who are willing to critique the work of their peers are themselves performing the scientific method out of sequence. I propose that scientists, or the treasure hunters of that field, are no longer interested in permanent solutions, achieved through proper use of the scientific method, and rather are more interested in solutions that guarantee fame and fortune.Ã¢â¬ ¦show more contentÃ¢â¬ ¦Krauss is nothing more than a black mailing criminal and, as a opportunistic scientist, is motivated by a lust for recognition. The theme of scientists in search of the pot of gold is mentioned by the characters of Cantors Dilemma. Cantor states, ...most scientists suffer from some sort of dissociative personality: on one side, the rigorous believer in the experimental method, with its set of rules and its ultimate objective of advancing knowledge; on the other, the fallible human being with all the accompanying foibles.1 Cantor continues to describe the issue of simultaneous discovery and then strikes right at the heart of the scientists who step beyond the bounds of the scientific method. He states, ...a scientists drive, his self-esteem, are really based on a very simple desire: recognition by ones peers.2 Recognition is what the Nobel is about, and if a fictional scientist has to ignore the methodology that governs science to get it, so be it. Yet, the Nobel Prize is real and so are the deviant scientists. In real life there are corrupt scientists who will do whatever it takes to receive popularity. Pharmaceuticals are an industry that is especially well acquainted with this area. Depakote is a little known, yet, versatile drug. Originally, Depakote was used as a seizure medication , but through sheer faith in an unproved theory was it tried in the treatment of
Wednesday, May 6, 2020
The biggest problem our society faces is bullying. According to Websters dictionary bullying is defined as one habitually cruel to others who are weaker Bullying is the leading driver of low self esteem, suicides, low academic achievement and depression. I believe it is a problem because, there are too many teens that are abused by bullies. In 2010 at least 3 million students reported being bully, now think of all the students that are not reporting out of fear. The world would be a lot better if there werent any bullies on it. The underlying issues with bullying is the student no longer feels safe. The Columbine High school shooting is almost a perfect example of what can happen in the world when bullied victims have had enough .Ã¢â¬ ¦show more contentÃ¢â¬ ¦One day after school a group of girls beat her up. Everyone filmed it on their cell phones and uploaded that video on the internet as well. She tried to commit suicide countless times by cutting her wrist and drinking bleac h. She says there is only so much abuse a person can take. She moved to a different city twice, but at her new school someone her pictures to her new teachers and classmates. Six months later Amanda committed suicide by hanging herself. Suicide is the leading cause of death among teens, and bullied victims are more likely to end their life. The man that made the facebook profile, which was ultimately the main tormentor and reason Amanda took her life was never charged. After Amanda died police found messages sent through Facebook were girls were happy she had committed suicide. Another 12 year old girl named Becca Sedwick was cyber bullied by a group of 15 girls and she received online messages that convinced her that she was better off dead. The authorities tried to file charges against the group of girls but since there is no law nothing could be done. The law regarding cyber bulling can be somewhat confusing. If it is an adult that is harassing, humiliating or threatening a anot her child or teen then it is classified as cyber harassment. And cyber harassment is taken much more serious. If it is a minor against another minor then it is referred to as cyber bulling. Cyber bullying may rise to a misdemeanor cyber harassment charge but most of theShow MoreRelatedThe Effects Of Bullying And Cyber Bullying1811 Words Ã |Ã 8 PagesThe effects of bullying and cyber bullying in todayÃ¢â¬â¢s society have grave consequences that can lead to the untimely deaths of many children throughout the nation. In the past there have been numerous incidents involving teenagers shooting up schools and most recently children taking their own lives because they were tortured, teased in school, and made fun of online in their very own homes. What is a bully and what can we do to prevent our children from harming themselves and others because of theseRead MoreCyber Bullying And Its Effects1411 Words Ã |Ã 6 PagesStudies indicate that cyber-bullying incidents have quadrupled i n past five years (Ross). Cyber-bullying has become a huge issue recently. Every time you turn on the news there is another bullying, or a suicide related to bullying, incident being reported. Ã¢â¬Å"Love is louderÃ¢â¬ has been a common phrase among celebrities and influential figures lately. They are trying to send out a message to their followers saying that bullying is not right and should not be tolerated. The expansion of communication technologiesRead MoreCyber Bullying And Its Effects952 Words Ã |Ã 4 PagesCyber-bullying is a term that has only gained notoriety in the past few years. Like many things that adapt to their surroundings, cyber-bullying is no exception. As new ways to socialize appear every year, it is a great tool for children and adults alike to communicate with friends and family. However, it can also turn into a tool of terrorization just as easily. The term bullying is usually defined as aggression that is intentionally carried out by one or more indivi duals and repeatedly targetedRead MoreCyber Bullying And Its Effects1411 Words Ã |Ã 6 PagesStudies indicate that cyber-bullying incidents have quadrupled in past five years (Ross). Cyber-bullying has become a huge issue recently. Every time you turn on the news there is another bullying, or a suicide related to bullying, incident being reported. Ã¢â¬Å"Love is louderÃ¢â¬ has been a common phrase among celebrities and influential figures lately. They are trying to send out a message to their followers saying that bullying is not right and should not be tolerated. The expansion of communication technologiesRead MoreCyber Bullying And Its Effects1146 Words Ã |Ã 5 PagesCyber bullying as defined by (Mason, 2008, p, 325) is Ã¢â¬Å"an individual or a group wilfully using information and communication involving electronic technologies to facilitate deliberate and repeated harassment or threat to another individual or group by sending or posting cruel text and/or graphics using te chnological meansÃ¢â¬ . Cyber bullying is also any behaviour performed through electronic or digital media by individuals or groups that repeatedly communicates hostile or aggressive messages intendedRead More The Detrimental Effects of Traditional Bullying and Cyber Bullying 2786 Words Ã |Ã 12 Pages6-12 reported being bullied. Only 9% reported injuries or needing medical attention. Fast forward to 2011 when these same victims of traditional bullying are now college-aged. After suffering the detrimental effects of their traditional bullying experiences, these same individuals now face a new form of bullying with the help of technology: cyber bullying. With the help of high-tech methods of communication, bullies are targeting their victims in non-traditional forms; not with a push or punch thrownRead MoreCyber Bullying And Its Effect On Society1536 Words Ã |Ã 7 PagesBullying has been an extreme issue all around the world for hundreds of years, and since modern technology has advanced, so has cyber bullying. Ã¢â¬Å"Ã¢â¬ËGimmeÃ¢â¬â¢ your lunch moneyÃ¢â¬ has turned into texting and posting gruesome threats and embarrassing material all over social media. Millions of kids all over the world have taken their own lives due to the harmful effects of cyber bullying. Problems that cannot be resolved independently are brought to court, and the government has bec ome increasingly involvedRead MoreCyber Bullying And Its Effect On Society1201 Words Ã |Ã 5 PagesINTRO Cyber bullying is any form of bullying that takes place over the internet, whether via texts, twitter or other forms of social media. Approximately 52% of children have reported being cyber bullied at one point, or another*. While this number may not seem catastrophic, this statistic is based only on the instances of cyber bullying that have been reported. The reality is that there are many more children who have been cyber bullied, and did not tell anyone that it was happening to them. AnotherRead MoreCyber Bullying And Its Effect On Society Essay1396 Words Ã |Ã 6 PagesIntroduction There are two specific types of bullying. Bullying in itself and cyber bullying are two of the worst and most aggressive behaviors teenagers are involved in these days. No matter how this problem comes about or what process individuals go through to get to this point, it is an irresponsible yet dangerous form of action. Bullying in any form can cause harm to the victim, even death. Making a choice to be a bully is like that of building a bad character for oneÃ¢â¬â¢s self. Definition CentersRead MoreCyber Bullying And Its Effects On Society1283 Words Ã |Ã 6 Pagesis also now being used to cause harm to people. Cyber bullying differs from traditional physical bullying, because it occurs through emails, texts, or social media. The person behind the computer can remain anonymous because the internet allows individuals to make up false information. Negative effects, such as depression, suicide, and anxiety are some factors resulted in cyber bullying. There is a strong emotional impact caused by cyber bullying due to the lack of remorse demonstrated online.
Tuesday, May 5, 2020
CASH MANAGEMENT AT RICHMOND CORPORATION Everest University Financial Management Dr. John Halstead April 8th, 2011 ABSTRACT Team D researched and worked out three problems to find out how Richmond Corporation, a mail order company which has grown extensively to four states due to being on the internet and because of the wide geographical area of its customers, now has to determined which cash management system will be the best for the company. The team has to provide answers to determine whether Richmond should proceed with the concentration banking system, the total net cash flow will be able to meet payroll and the cost of the transfer being indifferent between the two systems. CASH MANAGEMENT AT RICHMOND CORPORATION Richmond Corporation was founded 20 years ago by its president, Daniel Richmond. The company originally began as a mail-order company but has grown rapidly in recent years, in large part due to its Web site. Because of the wide geographical dispersion of the companyÃ¢â¬â¢s customers, it currently employs a lockbox system with collection centers in San Francisco, St. We will write a custom essay sample on Cash Management at Richmond Corporation or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Louis, Atlanta, and Boston. Steve Dennis, the companyÃ¢â¬â¢s treasurer, has been examining the current cash collection policies. On average, each lockbox center handles $235,000 in payments each day. The companyÃ¢â¬â¢s current policy is to invest these payments in short-term marketable securities daily at the collection center banks. Every two weeks the investment accounts are swept, and the proceeds are wire-transferred to RichmondÃ¢â¬â¢s headquarters in Dallas to meet the companyÃ¢â¬â¢s payroll. The investment accounts each pay . 68 percent per day, and the wire transfers cost . 20 percent of the amount transferred. Steve has been approached by Third National Bank, located just outside Dallas, about the possibility of setting up a concentration banking system for Richmond Corp. Third National will accept the lockbox centersÃ¢â¬â¢ daily payments via automatic clearinghouse (ACH) transfers in lieu of wire transfers. The ACH-transferred funds will not be available for use fo r one day. Once cleared, the funds will be deposited in a short-term account, which will yield . 75 percent per day. Each ACH transfer will cost $200. Daniel has asked Steve to determine which cash management system will be the best for the company. Steve has asked you, his assistant, to answer the following questions. 1. What is Richmond Corporation total net cash flow from the current lockbox system available to meet payroll? The amount collected each day is $235,000. The amount transferred is total amount collected on a daily bases from the four different locations for a period of 14 days, plus the interest in the amount of 0. 68 per day. Daily collection=235,000 per lock box Number of lock box=4 235,0004=$940,000 Wire transfer cost=0. 20% Interest rate=0. 068% per day Net cash flow =$940,000x. 002=$1,880 $940,000-1,880=$938,120 Future value=present value(1+interest)n Future value=$938,120(1+0. 0068). 4 1. 0068x. 04=1. 0003 $938,1201. 0003=$938,401. 43 for 1 day 2 weeks= $938,401 . 4314 Total net cash flow$13,137,620 2. Under the terms outlined by Third National Bank, should the company proceed with the concentration banking system? Richmond Corporation should proceed with the concentration banking system. By using the concentration banking system, it would be saving Richmond Corporation some money. With the current cash collection policies, using the lock box, it is costing Richmond Corporation a little bit of extra money. Net cash flow=$940,000 Each ACH=2004=800 940,000-800=$939,200 Short term will yield . 075=$939,200(1+. 0075) FV=PV(1+i)n (1. 0075). 04=1. 0003 PV= $939,2001. 003=$$939,481. 6 for 1 day 2 weeks= $939,481. 7614=$13,152,745 3. What cost of ACH transfers would make the company indifferent between the two systems? 1,880+14=26,320 per lock box Concentration banking system=800 per day 80014 =11,200 Over a two week period =26,320-11,200=15,120 15,120/14 Indifferent between the two =1,080 Work Cited Ross, S. , Westerfield, W. , Jaffe, J. , (2010) Corporate Finance, 9th ed. The McGraw-Hill/Irwin