If Gator typically receive $100,000 in payments from its customer per day and can earn 10% on its…

The Gator Corporation has determined that it can reduce its float by 3 days if it applies a number of different cash management techniques. If Gator typically receive $100,000 in payments from its customer per day and can earn 10% on its investments, what is the savings per year from the float reduction?

 

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