Rosenthal design has daily sales of 37909 the financial


Rosenthal Design has daily sales of $37,909. The financial management team determined that a lockbox would reduce the collection time by 1.3 days. Assuming the company can earn 7.1 percent interest per year, what are the savings from the lockbox?

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Finance Basics: Rosenthal design has daily sales of 37909 the financial
Reference No:- TGS0602611

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