Business, 06.05.2020 04:29 madisonsessums8
Global Markets receives an average of 122 checks a day with an average amount of $498 per check. The installation of a lockbox system should reduce the average collection time by 3.1 days at a cost of $.32 per check. The daily interest rate on Treasury bills is .012 percent. What is the average daily cost of the lockbox system?
Answers: 2
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Global Markets receives an average of 122 checks a day with an average amount of $498 per check. The...
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