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What is the daily opportunity cost of funds for a $7,000,000 accounts receivable that is currently in the collection process? Assume an annual opportunity cost
What is the daily opportunity cost of funds for a $7,000,000 accounts receivable that is currently in the collection process? Assume an annual opportunity cost rate of 3.65%.
Select one:
a.
$700
b.
$7,000
c.
$10,000
d.
$255,500
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