An accounts receivable manager processes 200 checks per day with an average process time of 15 working days. What is the average number of accounts receivable checks being processed in her office? What if through information technology she reduces the processing time from 15 days to 10 days to 5 days? What are the advantages and disadvantages of adopting this technology? Explain.

Answers

Answer 1

The average number will continue to decrease if the time required is shorter. Adopting technology also has some advantages and disadvantages.

To calculate the average number of accounts receivable checks being processed in the manager's office, we need to multiply the number of checks processed per day by the average process time, here's the steps:

200 checks/day x 15 days = 3,000 checks

If the processing time is reduced to 10 days, the average number of accounts receivable checks being processed in the manager's office would be:

200 checks/day x 10 days = 2,000 checks

And if the processing time is further reduced to 5 days, the average number of accounts receivable checks being processed in the manager's office would be:


200 checks/day x 5 days = 1,000 checks


The advantages of adopting information technology to reduce processing time are:

1. Increased efficiency: Information technology can automate many of the manual processes involved in accounts receivable management, reducing the time and effort required to process checks.

2. Improved accuracy: By automating processes, information technology can reduce the risk of errors and improve the accuracy of accounts receivable records.

3. Faster payment processing: With faster processing times, accounts receivable managers can process payments more quickly, reducing the time it takes to receive payments from customers.

The disadvantages to adopting information technology:

1. Cost: Implementing information technology can be expensive, especially for small businesses that may not have the resources to invest in new technology.

2. Training: Employees may need to be trained on how to use the new technology, which can take time and resources.

3. Security risks: Information technology can be vulnerable to security breaches, which can compromise sensitive financial information.

Overall, the benefits of adopting information technology for accounts receivable management can outweigh the disadvantages, but it's important to carefully consider the costs and risks involved before making a decision.

Learn more about average number : brainly.com/question/15397049

#SPJ11


Related Questions

a(n) vertical marketing system consists of independent firms at different levels of production and distribution, integrating their programs on a contractual basis to obtain more economies or sales impact than they could achieve alone.

Answers

Contractual VMS is a vertical marketing system that consists of independent firms at different levels of production and distribution.

It falls under the umbrella of Vertical Marketing Systems (VMS), a subset of a system with an integrated distribution channel. The producer, distributor, and retailer work together as a single system in VMS. One player often controls all three tiers of distribution to achieve this.

The manufacturer can even take control of the channel by establishing its own franchisees act as various channel participants, such as retailers. A contractual VMS is a channel system created by independent companies acting as various channel players and integrating their activities. With the integration of their businesses, this enables each player to realise economies of scale.

Know more about Contractual VMS here

https://brainly.com/question/15871755

#SPJ4

Other Questions
a(n) vertical marketing system consists of independent firms at different levels of production and distribution, integrating their programs on a contractual basis to obtain more economies or sales impact than they could achieve alone. I was tired, I still managed to finish all the chores. O Although O But Therefore However Find the shortest path from vertex A to vertex L. Give your answer as a sequence of vertexes, like ABCFIL sun dolphin journey 10-foot sit-on-top fishing kayak a student is swinging a ball attatched to a string in a vertical circle ?When does personal information offen need to be entered online?O when conducting an Internet searchwhen watching streaming videosO when downicading free softwareO when gaining access to a website PLEASE HELP I NEED IT QUICK!!! Grace has 16 more shoes. Than mark gave grace 12 shoes. Mark then realized he has half as many shoes as grace. How many shoes does grace end up with? The amount of money earned over a period of time is called1. Asset2. Fixed expense 3. Income4. Liability5. Net worth6. Variable expense During a workout, Kelly spent 10 minutes and burned a total of 504 calories. How many calories did she burn per minute?\ Find perimeter of ABDE A pile driver is raised to a height if 3. 0m. How high would another pile driver with twice the mass of the first have ti be raised in order to have the same amount of potential energy? Please draw the work out! (20 points!) The sun descending in the west,The evening star does shine;The birds are silent in their nest,And I must seek for mine.The moon, like a flower,In heaven's high bower,With silent delightSits and smiles on the night.-"Night,"William BlakeWhich feelings are most likely created by the imageryin this stanza?concern and anxietyfear and uneasiness*happiness and anticipationpeace and contentment pls helpwhat is the volumeAnd total surface area If the team takes on two additional players, one at 5 feet 5 inches and the other at 6 feet 7 inches, how is the median of the data set affected? A. The effect on the median of the players' heights cannot be determined. B. The median of the players' heights is decreased. C. The median of the players' heights is increased. D. The median of the players' heights is not affected Solve for x. Round to the nearest tenth, if necessary. In urgent need of assistance pls and thanks Help me (Question 7) (Q7) PleaseAnswer:Explanation: What situation made equiano wish for 'his former condition as a slave in africa? The interpretation phase of a design critique should not include __________. impressions about meaning first reactions judgments personal perspectives