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Exam ICBB topic 1 question 191 discussion

Actual exam question from Six Sigma's ICBB
Question #: 191
Topic #: 1
[All ICBB Questions]

What dollar amount of savings would a project show if it reduced your outstanding Accounts Receivable by $0.9 million dollars to $3.5 million total and your organizations marginal cost of capital was 5.7%?

  • A. $49,250
  • B. $51,300
  • C. $117,500
  • D. $202,424
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Suggested Answer: B 🗳️
by InvisibleBeing at June 9, 2023, 11:33 p.m.

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InvisibleBeing
11 months, 1 week ago
Selected Answer: B
Given answer is correct. Calculation = Savings of 0.9 Million Dollars multiplied with Cost-Of-Capital. => 0.9 x 5.7% = 5.13 (which looks very similar to $51,300) You don't need to add zeros to make it a million, just look at 5.13 and you can easily tell that 51,300 looks like a perfect match.
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