Lockbox: Pacific Traders has annual sales of $1,895,000. The firms financial manager has determined that using a
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Lockbox: Pacific Traders has annual sales of $1,895,000.
The firm’s financial manager has determined that using a lockbox will reduce collection time by 2.3 days. If the firm’s opportunity cost on savings is 5.25 percent, what are the savings from using the lockbox?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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