Finance

posted by .

What minimum reduction in the time to collect and process each check is needed to justify use of the lock-box system?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Accounting ASAP

    Forcasting Payments If firm pays it's bill with 30 day delay, what fraction of it's purchases will be paid for in the current quarter?
  2. Accounting

    Lock boxes Anne teak, The finanicial manager of the furniture manufactures, is considering operating a lock box system. she forcasts that 400 payments a day will be made to lock boxes with an average payment size of $2000. The bank …
  3. Accounting: Lock Box System

    What minimum reduction in the time to collect and process each check is needed to justify use of the lock box system?
  4. Finance

    If the forecast is 400 payments a day to a lock box with average payment of $2,000 and the bank's charge for operating is $.40 a check and the interest rate is .015 percent a day, what minimum reduction in the time to collect and process …
  5. finance

    Century Corporation uses a continuous billing system that results in average dialy receipts of $600,000. The company treasurer estimates that a proposed lock-box system could reduce its collection time by 2 days. a. How much cash would …
  6. mechanics

    A 2kg box sits at rest on a level floor. Two children push on the box at the same time. Eli pushes horizontally to the right on the box with a force of 4N. Jamie pushes straight downward on the box with a force of 3N. The box does …
  7. physics

    A box has mass 13 kg and is at rest on a flat floor. A minimum force of 47 N is needed to push the box so it moves across the floor. What is the coefficient of static friction between the box and floor?
  8. AP Physics

    A large box has a mass of 500kg and the coefficient of static friction for the box and the floor is 0.45, and the coefficient of kinetic friction is 0.30. a. What is the minimum horizontal force needed to get the box moving?
  9. Physics

    (a) Two boxes of different mass are at rest on a ramp. What is the minimum coefficient of static friction between the boxes and the ramp if the system is in equilibrium?
  10. English

    1. Lock the door. 2. Lock the door, will you?

More Similar Questions