How Much Value Would Be Added to a Firm That

question 24

Multiple Choice

How much value would be added to a firm that could permanently reduce its collection period by 2 days if daily collections average $10,000 and the opportunity cost is 5% annually?

• A) $1,000
• B) $1,200
• C) $10,000
• D)$20,000

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Definitions:

Blog

A type of website or part of a website that features regularly updated, informal or conversational articles or posts.

Credibility

The characteristic of being reliable and trustworthy.

Blogs In Business

Online platforms used by companies to share insights, engage with customers, and enhance their digital presence through regular posts.

Advantages

The favorable aspects or benefits that contribute to achieving success or gaining a competitive edge.