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The Quick Corp.has implemented procedures to cut 1.5 days from its cash collection process.Annual sales (all charge sales)are $30 million and the opportunity cost of funds is 9%.What is the value of the annual savings,and how much would the savings be worth if the speed-up in collections can be considered permanent?
Top Management
The highest level of executives and administrators in an organization, responsible for strategic decisions and overall operations.
Organizational Development (OD)
Organizational Development (OD) is a field of research, theory, and practice dedicated to expanding the knowledge and effectiveness of people to accomplish more successful organizational change and performance.
Mentor Young Talent
The act of experienced individuals providing guidance, knowledge, and support to less experienced, often younger, individuals.
Record-Keeping Technology
Refers to the systems and tools used for the management, storage, and retrieval of records and documents, typically in a digital format for businesses or organizations.
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