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:

Consistent Sentence Structure

The practice of using a uniform pattern of word order and sentence construction throughout a text to improve readability and coherence.

Verbs-not Nouns

A stylistic approach emphasizing action-oriented language to make writing more dynamic and engaging.

Passive Voice

A grammatical construction in which the subject of the sentence is acted upon by the verb, often resulting in a less direct or weaker statement.

Parallel Structure

A grammatical and stylistic technique wherein parts of sentences match in structure, ensuring clarity and balance in writing.