Question
In order to generate $30,000 value for the firm, how many days the firm need to save from the cash collection period if daily collections
In order to generate $30,000 value for the firm, how many days the firm need to save from the cash collection period if daily collections average $10,000 and the opportunity cost is 5% annually? Assume the reduction in the cash collection period is permanent.
- A. 4
- B. 2
- C. 5
- D. 3
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
