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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 23 days. Average daily collections are $1,250?, and the owner can earn 7% annually (expressed as an APR with monthly? compounding) on her investments. If the billing firm charges $350 per month, should the owner employ the billing? firm?

The benefits are $ ___? (Round to the nearest? dollar.)

The present value of the cost is $_____ (Round to the nearest? dollar.)

Fast Reader (Should or should not) employ the billing.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92641770

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