Question
A business that is valued at $5 million, borrowing at the prime rate of 4.75% plus 2 points (i.e., 2%), improves its days sales outstanding
A business that is valued at $5 million, borrowing at the prime rate of 4.75% plus 2 points (i.e., 2%), improves its days sales outstanding by 7 days. What is the total amount of dollars the company saves by improving its collection of accounts receivable?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
