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What would be the maximum variable cost you would accept

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Question - The firm receives an average of 6590 remittances a month with an average face value of $10,000. The total monthly cost for the current cash collection system is $40,000. A lockbox system would have a total of 3 days of float. The system charges a variable cost per item and monthly fixed cost of $775. The opportunity investment rate is 5 percent. What would be the maximum variable cost you would accept?

Reference no: EM133177290

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