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Ally Treehouses, Inc., a New Jersey based company, has determined that a majority of its customers are located in the Alabama area. Their controller, Matthew
Ally Treehouses, Inc., a New Jersey based company, has determined that a majority of its customers are located in the Alabama area. Their controller, Matthew is considering using a lockbox system offered b a bank located in Tuscaloosa, Al The bank has estimated that use of the system will reduce collection time by days. Based on the following information, should the lockbox system be adopted?
tableAverage number of payments per day,Average value of each payment,$
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