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The Fast Reader Company supplies bulletin board services to numerous hotel chains nationwide. The owner of the firm is investigating the benefit of employing a billing firm to do her billing and collections. Because the billing firm specializes in these? services, collection float will be reduced by 18 days. Average daily collections are $ 1 comma 150 ?, and the owner can earn 7 % annually? (expressed as an APR with monthly? compounding) on her investments. If the billing firm charges $ 375 per? month, should the owner employ the billing? firm?

The benefits are ?nothing

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91944451

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