ASSUME THAT THE FIRM CAN EARN 10 PERCENT ON MARKETABLE SECURITIES AND THAT THERE ARE 260 WORKING DAYS AND HENCE 260 TRANSFERS FROM EACH OF THE TEN LOCKBOX LOCATIONS PER YEAR.
ASSUME THAT THE FIRM CAN EARN 10 PERCENT ON MARKETABLE SECURITIES AND THAT THERE ARE 260 WORKING DAYS AND HENCE 260 TRANSFERS FROM EACH OF THE TEN LOCKBOX LOCATIONS PER YEAR. Drugs ‘R Us operates a mail order pharmaceutical business…