=+LG 6 P1514 Float Uneblej.com is an online retail company, which operates in Albania. It has daily
Question:
=+LG 6 P15–14 Float Uneblej.com is an online retail company, which operates in Albania. It has daily cash receipts of L150,000. Its CFO is analyzing the time it takes for the collection of the customers’ payment to clear the banking system. From the analysis it appears that it takes 2 days for the online payment to be processed before it is transferred to the bank. Then it takes another 3 days for the bank to process the payment and make it available to Uneblej.com.
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Related Book For
Principles Of Managerial Finance
ISBN: 9781292261515
15th Global Edition
Authors: Chad J. Zutter, Scott Smart
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