It takes your firm 2 days to prepare and mail out the monthly statements to your customers. On average, the mail time between your firm and your customers is 4.5 days. It takes your firm an average of 2.5 days to process customer payments once they are received. Customer cheques take an average of 1 day to clear the bank. What is your total collection time?

It takes your firm 2 days to prepare and mail out the monthly statements to your customers. On average, the mail time between your firm and your customers is 4.5 days. It takes your firm an average of 2.5 days to process customer payments once they are received. Customer cheques take an average of 1 day to clear the bank. What is your total collection time?

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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