What approximate value should a firm put on being able to permanently reduce the length of its

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What approximate value should a firm put on being able to permanently reduce the length of its collection period by one day if annual sales (all
on credit) are $5,000,000 and the appropriate opportunity cost is 10 percent annually?

Multiple Choice

O $1,370

O $13,700

O $15,068

O $50,000

Related Book For answer-question

Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Oct 19, 2023 06:24 AM

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