微信扫一扫
实时资讯全掌握
| DLF is a retail mail order firm that currently uses a central collection system that requires all checks to be sent to its Boston headquarters. An average of 6?days is required for mailed checks to be received, 3?days for DLF to process them, and 2 days for the checks to clear through its bank. A proposed lockbox system would reduce the mailing and processing time to 2 days and the check clearing time to 1 day. DLF has an average daily collection of $150, If DLF adopts the lockbox system, its average cash balance will increase by A. $1,200,000 B. $750,000 C. $600,000 D. $450,000 |