Which of the following increases a collecting firm’s collection costs? a. Decrease in invoices b. increases...
Which of the following increases a collecting firm’s collection costs?
| a. |
Decrease in invoices |
|
| b. |
increases in face amount of checks |
|
| c. |
Decrease in variable costs |
|
| d. |
None of the above |
Homework Answers
collecting firm’s:
collection costs = Fixed cost per unit of collection+ variable costs of collection.
As the number of invoices goes down the variable cost remains the same but the Fixed cost per unit of collection INCREASES. Therefore the collection cost increases.
Answer: A. Decrease in invoices.
Note: increases in face amount of checks and a decrease in
variable costs- decreases collection cost.
(increases in face amount of checks decreases fixed cost per unit
of collection. )
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