Average customer payment, A Corporation is considering on

Average customer payment

Assignment Help Finance Basics

Reference no: EM1361492

A company is panning on using a lock box system to speed up collections from its customers on the East Coast...A bank in Philadelphia will provide the service for an annual fee of $25,000 plus 10 cents a transaction...the estimated reduction in collection is one day...if the average customer payment in this region is $5500, how many customers each day, on average, are needed to make the system profitable?...t-bills are currently yielding at 5% per year....

Reference no: EM1361492

Questions Cloud

Lockbox system to reduce collection time : It takes a corporation about six days to receive and deposit checks from customers management is planning a lockbox system to reduce collection time.

What was the takeoff speed for such a leap : A 60kg boy and a 45 kg girl use an elastic rope while engaged in a tug-of-war on a frictionless icy surface. If the acceleration of the girl toward the boy is 2.3 m/s2, find the magnitude of the acceleration of the boy toward the girl.

Preventing cancers in the united states : According to Campbell (2006), "Adopting a healthy diet and lifestyle can prevent the majority of cancers in the United States"

Evaluate a new proposal designed to cut costs : You have been asked by your supervisor to evaluate a new proposal designed to cut costs. Under the plan, workers would be paid a fixed wage of $8 per hour.

Average customer payment : A Corporation is considering on using a lock box system to speed up collections from its customers on the East Coast. A bank in Philadelphia will provide the service for an yearly fee of $25,000 plus ten cents per transaction

Write program for bucket sort containing method called sort : Columns indexed from 0 to n - 1, where n is the number of values to be sorted. Each row of the two-dimensional array is referred to as a bucket. Write a class named BucketSort containing a method called sort.

Alternative forms of treatment : What are your thoughts about alternative forms of treatment, especially holistic and natural remedies that are supposed to treat forms of cancer?

Calculate the magnitude of the systems acceleration : What is the (a) magnitude and (b) angle (measured relative to the positive direction of the x axis) of the asteroid's acceleration.

Statistics on diabetes : What statistic surprised you when you visited the ADA Web site? Copy and paste the statistic at the beginning of your response and be sure to cite this information correctly.

User Account

All Pages