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Simon corporation has daily cash receipts of $65000. A recent analysis of its collections indicated that customers payments were in the mail an average of

Simon corporation has daily cash receipts of $65000. A recent analysis of its collections indicated that customers payments were in the mail an average of 2.0 days. Once received the payments are processed in 2.0 days. After payments are deposited it takes an average of 2.5 days

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