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QUESTION RBC Bank offers to reduce the collection time for your company's daily cash receipts by 2 days with its cash management system. This service
QUESTION RBC Bank offers to reduce the collection time for your company's daily cash receipts by 2 days with its cash management system. This service will cost you $ 15 000 per year. Currently short term money market rates average 5%. If you expect annual sales of $46 355 000 would you accept the bank offer
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Business Finance: Theory And Practice
Authors: Eddie McLaney
6th Edition
9780273673569
