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What approximate value should a firm put on being able to permanently reduce the length of its collection period by one day if annual sales
What approximate value should a firm put on being able to permanently reduce the length of its collection period by one day if annual sales (all
on credit) are $5,000,000 and the appropriate opportunity cost is 10 percent annually?
on credit) are $5,000,000 and the appropriate opportunity cost is 10 percent annually?
Multiple Choice
O $1,370
O $13,700
O $15,068
O $50,000
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
