The organization can earn 6 on any funds freed up by float, Ask an Expert

Management Studies

Q. An organization is considering paying a lockbox operator an annual fee of $7500 to reduce its collection time by 2 days. The organization can earn 6% on any funds freed up by float reduction. If the organization’s average daily receipts are $80,000, should the organization proceed with the lockbox plan?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9379192

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