Acne co has average sales of 40 you could reduce collection, Ask an Expert

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Acne Co. has average sales of $40. You could reduce collection time by 2 days by using a lockbox facility in Omaha, NE. Acbe receives an average of 10,000 checks per day, The annual interest rate is 9%. The back charges $160 daily for the lockbox service. What is the NPV of the lockbox service? Do you pursue this service?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91383867

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