Katniss Everdeen is the credit and loans manager for Panem Corp and has given you...
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Katniss Everdeen is the credit and loans manager for Panem Corp and has given you the following information to help her decide if Panem should use a lockbox system or not. Current payments forecasted: 600 payments per day Average Payment size: $1,200 The banks charge for the lockbox: $0.19 per cheque Currently, the Panem receives these cheques directly and then deposits them into the bank themselves. Customers are happy with this setup and usually pay within the discount period. Based on this, Katniss believes that there will be a 1% decrease in payments sent to the lockbox, with customers taking the option to send their payments directly to Panem Corp instead. Katniss doesnt believe that this will be a problem. Required: Should Panem Corp use a lockbox?
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the customer discount isnt given
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