Multiple Choice
A company currently uses an overdraft at 10% per annum.
A new credit controller is brought in,at a cost of £5,000 salary more than the previous person doing the job.After one year she claims to have saved the company money because she has reduced receivables from £50,000 to £20,000.
How much has she saved the company?
A) She has saved the company £25,000
B) She has saved the company £30,000
C) She has cost the company £2,000
D) She has cost the company £35,000
Correct Answer:
Verified
Correct Answer:
Verified
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