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Use the following monthly information to solve for the opportunity cost associated with the collection float on these items. Remittances Collection Float $20,000 3 days
Use the following monthly information to solve for the opportunity cost associated with the collection float on these items. Remittances Collection Float $20,000 3 days $15,000 4 days Days in Month = 30 days Annual opportunity cost of funds = 6% Select one: O a. $120,000 O b. $240 O c. $4,000 O d. $7,200
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