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Question
A large corporation has annual sales revenues of $6 billion. The corporation currently earns 2.25% on its money-market account. If the corporation can reduce its float by three days by making its billing and collection functions more efficient, the company's operating profits will increase by approximatelyA) $3,069,863.
B) $2,196,500.
C) $1,350,000.
D) $1,109,589.
Answer
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