A firm has total wage bill of $8 million twice a month with a 13% cost of

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A firm has total wage bill of $8 million twice a month with a 13% cost of capital. Calculate the benefit to the firm of charging to a monthly pay cycle and discuss the potential impact on the employees.

Posted Date: May 15, 2024 03:43 AM

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A firm has total wage bill of $8 million twice a month with a 13% cost of

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Expert Answer:

Lets break down the problem step by step Current Financial Situation Total wage bill 8 million twice a month 16 million per month Cost of capital 13 C... View the full answer

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