Multiple Choice
A firm has annual operating outlays of $1,800,000 and a cash conversion cycle of 60 days. If the firm currently pays 12 percent for negotiated financing and reduces its cash conversion cycle to 50 days, the annual savings is
A) $50,000.
B) $200,000.
C) $ 6,000.
D) $216,000.
Correct Answer:
Verified
Correct Answer:
Verified
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