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Help me ennifer Electrical is evaluating whether a lackbox it is ourrently using is worth keeping. Management estimates that the lockbax reduces the mail float
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ennifer Electrical is evaluating whether a lackbox it is ourrently using is worth keeping. Management estimates that the lockbax reduces the mail float by 2.0 days and the processing by haif a day. e emittances erage $64,000 a day for le fer Electrical with the average check being for $soo. The bank charges SO 34 per processed check Assume that there are 270 business days year and that the firm's opportunity cost for these funds is 10 percent. What will the firm's savings be from using the lockbox7 (Round answer to o decmal places, e-9. 5,275.) The firm's savings from using the lockbox is $ Click if you would like to Show Work for this questions Open Show Work Question Attempts: 0 of 3 used SAVE FOR LATER SUBHIT Step by Step Solution
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