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Neon Light Company of Kansas City ships lamps and lighting appliances throughout the country Ms. Neon has determined that through the establishment of local collection

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Neon Light Company of Kansas City ships lamps and lighting appliances throughout the country Ms. Neon has determined that through the establishment of local collection centers around the country, she can speed up the col one-half day without affecting suppliers. The bank has a remote disbursement center in Florida a. If Neon Light Company has $2.25 million per day in collections and $105 million per day in disbursements, how many dllars will the of payments by three days re, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by cash management system free up? (Enter your answer in dollars not in millions (e.g, $1,234,567)) b. If Neon Light Company can earn 6 percent per annum on freed-up funds, how much will the income be? (Enter your answer in dollars not in millions (e.g., $1,234,567).) Prey 9 of 16 Next>

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