Leeft bank offers to reduce the collection time for your, Financial Management

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Leeft bank offers to reduce the collection time for your

Leeft Bank offers to reduce the collection time for your company's daily cash receipts by two days with its cash management system. This service will cost you $15,000 per year. Currently, short-term money market rates average 5 percent. If you anticipate annual sales of $46.355 million, would you accept the bank's offer?

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Financial Management: Leeft bank offers to reduce the collection time for your

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Financial Management: Leeft bank offers to reduce the collection time for your

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