8. Powell Industries manages clients all through the country and is endeavoring to all the more proficiently gather its records receivable. A significant bank has offered to and work a lockbox framework for Powell at an expense of $90,000 each year. Powell midpoints 300 receipts each day at a normal of $2,500 each. Its momentary premium expense is 8% each year. Utilizing a 360-day year, what decrease in normal assortment time would be required to legitimize the lockbox framework?

a.0.67 days.

b.1.20 days.

c.1.25 days.

d.1.50 days.

9. A strategy for assessing uncollectible records that underscores resource valuation instead of pay estimation is the remittance technique based onAging the receivables.

a.Direct discount.

b.Gross deals.

c.Credit deals less returns and remittances.

10. Which of the accompanying demonstrations consistently will bring about the all out arrival of a repaid guarantee?

a.The loan boss changes the way of the chief borrower's installment.

b.The loan boss stretches out the chief borrower's an ideal opportunity to pay.

c.The chief borrower's commitment is halfway delivered.

d.The chief indebted person's exhibition is offered.