Lockbox: Porter Corp

question 44

Multiple Choice

Lockbox: Porter Corp. has just signed up for a lockbox. Management expects the lockbox to reduce the mail float by 2.3 days. The firm's remittances average $41,250 a day, with the average check being $165. The bank charges $0.39 per processed check. Assume that there are 270 business days in a year and their opportunity cost of funds is 5 percent. What will the firm's savings be from using the lockbox?

Comprehend the concept of dot planning and its application in group decision-making.

Recognize the role and application of Robert's Rules of Order in meetings.

Understand the impact of networking and social behaviors on meeting outcomes.

Assess the significance of interpersonal skills in both virtual and physical meetings.

Definitions:

Pastoralism

A form of agriculture aimed at producing livestock, rather than growing crops, where keepers of herds, flocks, or herds move from location to location in search of pastures.

Migratory Herds

Groups of animals that move from one region or habitat to another according to the seasons, in search of food, better conditions, or breeding grounds.

Permanent Settlements

Communities where people live year-round, characterized by durable houses and infrastructure, contrasting with nomadic or seasonal dwellings.

Sexual Division

A delineation of roles and responsibilities between genders, often based on biological differences and societal norms.