How Much Time Must Be Saved to Justify a Lock-Box

question 87

Multiple Choice

How much time must be saved to justify a lock-box system that processes 350 cheques per day at an average amount of $400 per cheque if the system will cost $20,000 annually and interest rates average 8 percent?

• A)0.56 days
• B)1.79 days
• C)2.14 days
• D)7.00 days

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Definitions:

Low Self-Esteem

A negative view one has of oneself, characterized by a lack of confidence and feeling unworthy or not good enough.

Somatic Symptom Disorder

A mental disorder in which a person has physical symptoms that involve more than one part of the body, but no physical cause can be found, often linked with excessive thoughts, feelings, or behaviors related to the symptoms.

Spiritual Distress

A state of suffering related to the impairment of an individual's beliefs, values, or spiritual well-being.

Adult Failure

A circumstance or perception where an adult perceives themselves as not meeting their own or societal standards of success in key life areas.