Multiple Choice
What is the benefit for a firm with daily sales of $30,000 to be able to speed up collections by 3 days,assuming an 8% annual opportunity cost of funds?
A) $7,200 daily benefit
B) $7,200 annual benefit
C) $30,000 annual benefit
D) $90,000 annual benefit
Correct Answer:
Verified
Correct Answer:
Verified
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