Question: Problem 1 9 - 0 7 Value of Lockboxes [ LO 2 ] Paper Submarine Manufacturing is investigating a lockbox system to reduce its collection

Problem 19-07 Value of Lockboxes [LO2]
Paper Submarine Manufacturing is investigating a lockbox system to reduce its collection time. It has determined the following:
\table[[Average number of payments per day,405],[Average value of payment,$995
Problem 19-07 Value of Lockboxes [LO2] Paper Submarine Manufacturing is investigating

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