Business, 04.10.2020 14:01 INEEDTOPASSS
Proposal #2 would establish local collection centers throughout the region to decrease the time it takes to convert credit payments that are mailed in by check to cash. It is estimated that establishing these collection centers would reduce the average collection time by 2 days. 1) If the company currently averages $50,000 in collections per day, how many dollars will this suggested cash management system free up?
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