Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i need final value thats it Question 1 Tries remaining: 1 Marked out of 1.00 p Flag question A company's accounts receivable department has not
i need final value thats it
Question 1 Tries remaining: 1 Marked out of 1.00 p Flag question A company's accounts receivable department has not been sending out timely notices of payments owed. On average, payments have been received 43 days late, with an average payment owed of $420965. They could have earned 2.3% on marketable securities during the time from payment owed to received. How much, on average, in interest earned have they lost out on? (Two decimal places.) Answer: CheckStep 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