EBK FOUNDATIONS OF FINANCE
EBK FOUNDATIONS OF FINANCE
10th Edition
ISBN: 9780135160473
Author: KEOWN
Publisher: PEARSON CO
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Chapter 17, Problem 2MC
Summary Introduction

Case summary:

Company N is a surf board manufacturer who had branches in various coastal towns. The company faced many various issues in financial management. The down fall in city C affected the business of Company N. The officers of the company begin to take steps and systems to improve the cash flow of Company N. 

Characters in the case:

  • Company N

To determine: Annual opportunity cost of maintaining the deposit system and current cash collection.

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