Multiple Choice
What approximate value should a firm put on being able to permanently reduce the length of its collection period by 1 day if annual sales (all on credit) are $5,000,000 and the appropriate opportunity cost is 10% annually?
A) $1,370
B) $15,068
C) $13,700
D) $50,000
Correct Answer:
Verified
Correct Answer:
Verified
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