When Waverly Wear Inc. merged with Southerly Inc., Waverlys employees were switched from a weekly to a
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When Waverly Wear Inc. merged with Southerly Inc., Waverly’s employees were switched from a weekly to a biweekly pay period. Waverly’s weekly payroll amounted to $389,500. The annual cost of funds for the combined firms is 8.76%. What annual savings, if any, are realized by this change of pay period?
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Related Book For 
Principles of Managerial Finance
ISBN: 978-0134476315
15th edition
Authors: Chad J. Zutter, Scott B. Smart
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