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Leeft Bank offers to reduce the collection time for your companys daily cash receipts by two days with its cash management system. This service will
Leeft Bank offers to reduce the collection time for your companys daily cash receipts by two days with its cash management system. This service will cost you $15,000 per year. Currently, short-term money market rates average 5 percent. If you anticipate annual sales of $46.355 million, would you accept the banks offer? multiple choice Yes No
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