A company collects, on an average, Rs 80 lac every day. The company is contemplating on instituting

Question:

A company collects, on an average, Rs 80 lac every day. The company is contemplating on instituting a lock box system.

The new system could reduce its overall collection time by 3½ days. The system costs Rs 2.4 lac. Would you recommend the implementation? What is the saving under the new system? The company can make 15 percent on its investment.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: