Assume that the average amount of a check is 3650 calculate, Finance Basics

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Assume that the average amount of a check is 3650 calculate

Assume that the average amount of a check is $3650. Calculate the annual net cost/benefit of a lock box system that reduces the transit time by three (3) days. The bank will charge $0.10 per item for 23000 itmes plus $ 150 per month. The average rate on investments is 4.7%. Explain the general benefits of lock-box systems and one's recommendations regarding this particular revenue source.

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Finance Basics: Assume that the average amount of a check is 3650 calculate

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Finance Basics: Assume that the average amount of a check is 3650 calculate

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