A Company Currently Uses an Overdraft at 10% Per Annum

question 11

Multiple Choice

A company currently uses an overdraft at 10% per annum.
A new credit controller is brought in,at a cost of £5,000 salary more than the previous person doing the job.After one year she claims to have saved the company money because she has reduced receivables from £50,000 to £20,000.
How much has she saved the company?

• A) She has saved the company £25,000
• B) She has saved the company £30,000
• C) She has cost the company £2,000
• D) She has cost the company £35,000

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Definitions:

Family Dynamics

The patterns of relating, or interactions between family members, each with their roles and relationships.

Development

The process of growth or progress in any dimension, such as physical, emotional, intellectual, or social.

Personality Disorders

Mental health conditions characterized by enduring patterns of behavior, cognition, and inner experience that deviate from the expectations of the individual's culture.

Narcissistic Personality Disorder

A mental disorder characterized by a long-term pattern of exaggerated self-importance, need for admiration, and a lack of empathy for others.