Rosenthal Design has daily sales of $59,000. The financial management team determined that a lockbox would reduce

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Rosenthal Design has daily sales of $59,000. The financial management team determined that a lockbox would reduce the collection time by 1.6 days. Assuming the company can earn 5.2 percent interest per year, what are the savings from the lockbox?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 12, 2012 01:11 AM

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Rosenthal Design has daily sales of $59,000. The financial management team determined that a lockbox would reduce

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Fundamentals of corporate finance

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