Question: please help asap What is the net cash flow per day from adopting the system? Your company is investigating a lockbox system to reduce its

please help asap

What is the net cash flow per day from adopting the system? Your company is investigating a lockbox system to reduce its collection time. It has determined the following: Average number of payments per day 500 Average value of payment $1200 Variable lockbox fee (per transaction) $.75 Daily interest rate on money market securities .03% The total collection time will be reduced by three days if the lockbox system is adopted

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