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

Comprehend the role of customer relationships and sales teams in managing complex sales.

Identify the characteristics and responsibilities of a company sales force.

Understand the evaluation and rewards mechanisms for sales personnel.

Grasp the significance of short-term incentives and their impact on sales performance.

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Definitions:

Infeasible Combination

A combination of goods or services that cannot be produced given the current technology or resources, often represented in economic models.

Coconuts

Tropical fruits known for their hard shell, edible white flesh, and water, utilized for various culinary, cosmetic, and industrial purposes.

Fish

Aquatic, cold-blooded vertebrates with gills and limbs in the form of fins, living in seas or freshwater.

Feasible Combination

A combination of goods or input factors that can be produced or used given the available resources and technology.