Question: CFO: So , now I have three questions. First, based on these values, how does the Finance Committee know whether to recommend accepting the lockbox
CFO:So now I have three questions. First, based on these values, how does the Finance Committee know whether to recommend accepting the lockbox proposal? That is how should we interpret these values? Second, should we give up our current system and switch to the lockbox system? And finally, are there any other methods that CCC could use instead of a lockbox system to return customer funds to the Wichita bank account?
MICHAEL:First the general rule that determines whether to implement the lockbox system is this: If the net benefits are then accept the proposal.
Therefore, based on this criterion,to the lockbox system.
And last, as far as alternative methods are concerned, several choices are available, including
CFO:Overall Michael, youve done a very good job! Now, take it easy this evening and get some rest so that youre ready for tomorrows presentation. Ill see you about an hour before the meeting.
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