The information given below is available for a given firm which wants to adopt a lockbox system.

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● The information given below is available for a given firm which wants to adopt a lockbox system.

Suggest the feasibility of adopting the lockbox system by the firm.

Average number of daily payments to lockbox 200 Average size of payments `1,000 Rate of interest per day 0.02%

Saving in mail time 1 day Saving in processing time 1 day Processing charge per cheque `0.3

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Financial Management

ISBN: 9789352605606

1st Edition

Authors: Swapan Sarkar, Bappaditya Biswas, Samyabrata Das, Ashish Kumar Sana

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Question Posted: Jul 23, 2024 01:01 AM

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The information given below is available for a given firm which wants to adopt a lockbox system.

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Financial Management

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