Solution-If the bank charges a fee of 225 per day should

If the bank charges a fee of 225 per day should the

Reference no: EM13484288

NPV and Collection Time - Your firm has an average receipt size of $108. A bank has approached you concerning a lockbox service that will decrease your total collection time by two days. You typically receive 8,500 checks per day. The daily interest rate is .016 percent. If the bank charges a fee of $225 per day, should the lockbox project be accepted? What would the net annual savings be if the service were adopted?

Reference no: EM13484288

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If the bank charges a fee of 225 per day should the : npv and collection time - your firm has an average receipt size of 108. a bank has approached you concerning a lockbox

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If the bank charges a fee of 225 per day should the

Reference no: EM13484288

Reference no: EM13484288

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