Linkup Systems,which Provides Investors with Computerized Information About Stock Prices,is

question 116

Essay

Linkup Systems,which provides investors with computerized information about stock prices,is considering the establishment of a lockbox system with its bank.The firm receives daily remittances of $1.5 million,and could earn 9% on any funds freed up through faster collections.If the lockbox system can save 2 days in the collection process,and the firm's bankers will charge $200,000 per year to operate the lockbox system,is it worth it to establish the system?

---

Definitions:

African American

A term referring to citizens or residents of the United States who have total or partial ancestry from any of the native populations of Sub-Saharan Africa.

Educational Psychology

Area of psychology in which the psychologists are concerned with the study of human learning and development of new learning techniques.

University of Chicago

A prestigious private research university located in Chicago, Illinois, known for its rigorous academic programs and contributions to various fields.

African-American Woman

An individual of female gender who identifies herself as having cultural, ancestral, or racial ties to African American heritage.