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Whitmer Inc.sells to customers all over the U.S.,and all receipts come in to its headquarters in New York City.The firm's average accounts receivable balance is $2.5 million,and they are financed by a bank loan at an 11% annual interest rate.The firm is considering setting up a regional lockbox system to speed up collections,and it believes this would reduce receivables by 20%.If the annual cost of the system is $15,000,what pre-tax net annual savings would be realized?
Telemarketing
The practice of marketing goods or services to potential customers over the telephone.
Accessibility Issues
Problems that prevent users, especially those with disabilities, from accessing or fully interacting with websites, apps, or digital tools.
Apple Watches
A line of smartwatches designed and marketed by Apple Inc. that offer various functionalities including fitness tracking, health-oriented capabilities, and wireless telecommunication.
Accuracy Issue
An accuracy issue refers to errors or discrepancies in data or information that can lead to incorrect results or conclusions.
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