What approximate value should a firm put on being able to permanently reduce the length of its collection period by one day if annual sales (all on credit) are $5,000,000 and the appropriate opportunity cost is 10 percent annually? Multiple Choice $1,370 $15,068 $13.700

Entrepreneurial Finance
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ISBN:9781337635653
Author:Leach
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Chapter4A: Nopat Breakeven: Revenues Needed To Cover Total Operating Costs
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What approximate value should a firm put on being able to permanently reduce the length of its collection period by
one day if annual sales (all on credit) are $5,000,000 and the appropriate opportunity cost is 10 percent annually?
Multiple Choice
$1,370
$15,068
$13.700
Transcribed Image Text:What approximate value should a firm put on being able to permanently reduce the length of its collection period by one day if annual sales (all on credit) are $5,000,000 and the appropriate opportunity cost is 10 percent annually? Multiple Choice $1,370 $15,068 $13.700
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