(Answered) 1 pacific traders has annual sales of 1724684 the firms

Finance

1. Pacific Traders has annual sales of $1,724,684. The firm's financial manager has determined that using a lockbox will reduce collection time by 3.9 days. If the firm's opportunity cost on savings is 4.9 percent, the savings from using the lockbox are $____ per year?

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Category:- Financial Management
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