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:

Maladaptive Beliefs

Irrational or dysfunctional thought patterns that negatively influence behavior and well-being.

Negative Thoughts

Internal, critical, or pessimistic perceptions and beliefs that can affect mood and well-being.

Aaron Beck

A psychiatrist known for developing Cognitive Behavioral Therapy (CBT), a widely used approach for treating mental disorders.

Aversion Therapy

A psychological treatment method that uses negative stimuli to reduce or eliminate undesirable behaviors.