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

question 35

Multiple Choice

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

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

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Definitions:

Carrying Capacity

The maximum population size of a species that an environment can sustain indefinitely, considering the food, habitat, water, and other necessities available in the environment.

Logistic Growth Curve

A model describing population growth that slows as the population reaches carrying capacity, resulting in an S-shaped curve.

Carrying Capacity

The maximum population size of a species that an environment can sustain indefinitely, given the available resources.

Carrying Capacity

The maximum population size of a species that an environment can sustain indefinitely, given the food, habitat, water, and other necessities available in the environment.