What annual savings can aqua system expect

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Question: Aqua System Inc. experts to have $28, 598, 600 in credit sales during the coming year. Currently all checks are sent to the home office. A proposed lockbox system can eliminate 4 days of float, releasing funds which, when invested. will earn 14.01 percent per year. What annual savings can Aqua System expect if the system is implemented? Use a 365-day year.

Reference no: EM131795685

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