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average mailing, processing, and check-clearing time with the present collection system is 8 days. ystem would reduce both mailing time and check-clearing time and reduce
average mailing, processing, and check-clearing time with the present collection system is 8 days. ystem would reduce both mailing time and check-clearing time and reduce the average collection time to 4 days. collections system would be used to reduce the firm's debt, which currently carries an interest rate of 10.5 percent. n whole dollars. For example, an answer of $1.20 million should be entered as 1,200,000 not 1.20
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