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Rosemary Corp. has daily sales of $139,000. The financial manager at the firm has determined that a lockbox would reduce collection time by 2.2 days.
Rosemary Corp. has daily sales of $139,000. The financial manager at the firm has determined that a lockbox would reduce collection time by 2.2 days. Assuming the company can earn 5.5 percent interest per year, what are the potential savings from the lockbox? Savings from the lockbox $
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