What Are the Expected Annual Savings from a Lock-Box System

question 103

Multiple Choice

What are the expected annual savings from a lock-box system that collects 150 checks per day averaging $500 each, and reduces mailing and processing times by 2.5 and 1.5 days, respectively, if the annual interest rate is 7%?

• A) $5,250
• B) $13,125
• C) $21,000
• D)$300,000

---

Definitions:

AV Bundle

The bundle of His, a collection of heart muscle cells specialized for electrical conduction that transmits the electrical impulses from the AV node to the point of the apex of the fascicular branches.

Bundle Branches

Pathways in the heart's electrical conduction system that transmit impulses to cause coordinated contraction of the ventricles.

Isoelectric Line

The baseline of an electrocardiogram (ECG) where there is no electrical activity in the heart, representing the time between heartbeats.

Electrical Activity

Movements of electrons or ions that produce currents and voltages in biological systems, crucial for nerve and muscle function.