Question
2.- Company Surteco has most of its customers in the USA. An American bank has offered them a system that will reduce the collection time
2.- Company Surteco has most of its customers in the USA. An American bank has offered them a system that will reduce the collection time in two days, based on the following information, should the company adopt the new system?
| Average # of payments per day | 900 |
| Average value of payment | $ 1.000 |
| System fee per transaction | $ 0,20 |
| Daily interest rate on Money Market securities | 0,05% |
What is the Present value of adopting the system.?
What is the Net Present Value?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Auditing IT Infrastructures For Compliance
Authors: Martin Weiss, Michael G. Solomon
2nd Edition
1284090701, 978-1284090703
