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Please answer all questions accurately and show calculations where necessary. Walking down the hallway to the executive conference room, Abigail Holmes, the chief financial officer

Please answer all questions accurately and show calculations where necessary.

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Walking down the hallway to the executive conference room, Abigail Holmes, the chief financial officer of Galaxy Aircraft Co is talking with Ryan Singh, her administrative assistant and protege Read their dialogue and correctly fill in the missing information. CFO I'm a little anxious about your presentation to the Finance Committee on Thursday, so I'd like you to run through your comments and presentation slides with me. Because three board members, including the chair and the president, will be attending, I want you to make a very favorable impression. It could mean a great deal to your career with Galaxy. An upgrade in our receivables collection system could have a significant effect on both Galaxy's relationship and income stream Ryan Yes, I have my notes and the flash drive with my presentation right here. Let me get things organized and I'll begin After a slight delay, Ryan begins his presentation: Good morning. I would like to present to you the findings of our recent evaluation of the system currently used to collect receivables payments from our customers east of the Mississippi River With our corporate headquarters in Oklahoma City, Oklahoma, we currently have broken down the country into two regions: the portion east of the Mississippi River and the portion west of the river. We have also conducted an evaluation of a proposed lockbox system that would break down our customer base into six geographic subregions, with each being served by a lockbox collection center. These collection centers would then transfer the funds to our main concentration account here in Oklahoma City Slide 1 shows you the key attributes of our current system. Slide #1: Key Attributes of Galaxy's Current Collection System (Eastern Region, Last Year's Data)

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