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Lexicon has a daily average check collections of $180,000, and it takes the firm 5 days before it can completely process those checks. An automated lockbox system that costs $33,000 a year would reduce the processing time by 2 days. Should Lexicon invest in this system if the opportunity cost of short-term funds is 12.3%? Why or why not?
Pain
An unpleasant sensory and emotional experience associated with actual or potential tissue damage, or described in terms of such damage.
Cultural Background
The cultural experiences, traditions, languages, and values inherited from one's family or society that influence one's worldview and behavior.
Ethnicity
A category of people who identify with each other based on common ancestral, social, cultural, or national experiences.
Social Capital
Personal social networks populated with people who willingly cooperate, exchange information, and build trusting relationships with each other.
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