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Author Question: Flashbinder Guitars, Inc is negotiating with the bank for a lockbox system that is expected to ... (Read 91 times)

fahad

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Flashbinder Guitars, Inc is negotiating with the bank for a lockbox system that is expected to
  reduce check collection time by 4 days.
 
  Flashbinder Guitars' average check size is 1,200 and any
  funds freed up by the new system will be invested in a money-market account that is currently
  paying 2.5 annually. What is the most Flashbinder Guitars should be willing to pay the bank for
  the lockbox service, assuming the bank charges a per-check processing fee?
  A) 32.877 cents B) 20.500 cents C) 29.767 cents D) 30.726 cents

Question 2

Major sources of secured credit include commercial banks, finance companies, and factors.
 
  Indicate whether the statement is true or false


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Eunice618

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fahad

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Reply 2 on: Jul 10, 2018
Excellent


tranoy

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Reply 3 on: Yesterday
Gracias!

 

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