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The Quick Corp.has implemented procedures to cut 1.5 days from its cash collection process.Annual sales (all charge sales)are $30 million and the opportunity cost of funds is 9%.What is the value of the annual savings,and how much would the savings be worth if the speed-up in collections can be considered permanent?
Constrict Blood Vessels
The process of narrowing the diameter of blood vessels, which can increase blood pressure and reduce blood flow to certain areas of the body.
Hemophilia
A genetic disorder that impairs the body's ability to make blood clots, leading to excessive bleeding from even minor injuries.
Clotting Factors
Proteins in the blood that control bleeding by forming clots.
Blood Coagulate
The process by which blood changes from a liquid to a gel, forming a blood clot.
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