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Should the owner employ the billing? firm

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Question - The Fast Reader Company supplies bulletin board services to numerous hotel chains nationwide. The owner of the firm is investigating the benefit of employing a billing firm to do her billing and collections. Because the billing firm specializes in these? services, collection float will be reduced by 19 days. Average daily collections are $1,350?, and the owner can earn 9% annually? (expressed as an APR with monthly? compounding) on her investments. If the billing firm charges $350 per? month, should the owner employ the billing? firm?

Reference no: EM133051421

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