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Mcq-Burke Corporation is investigating a lockbox system to reduce its collection time . It has determined that on average , there are 900 payments with
Mcq-Burke Corporation is investigating a lockbox system to reduce its collection time . It has determined that on average , there are 900 payments with an average value of $ 425 each . If a lockbox system is implemented , the lockbox fee per transaction will be $ 0.15 . If the collection time can be reduced by 4 days , and the daily interest on money market securities is.02 % , then determine the net cash flow per day from adopting the system . $ 173 $ 172 $ 170 $ 171 $ 174
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