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Category > Business & Finance Posted 05 Aug 2017 My Price 12.00

Eagle Industries feels that a lockbox system


Eagle Industries feels that a lockbox system can shorten its accounts receivable collection period by 3 days. Credit sales are $3,240,000 per year, billed on a continuous basis. The firm has other equally risky investments with a return of 15%. The cost of the lockbox system is $9,000 per year. (Note: Assume a 365-day year.) 

What amount of cash will be made available for other uses under the lockbox system? 
What net benefit (cost) will the firm realize if it adopts the lockbox system? Should it adopt the proposed lockbox system?

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Status NEW Posted 05 Aug 2017 07:08 PM My Price 12.00

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