Question
4. Use the following monthly information to solve for the total dollar-days of float. Remittances Collection Float $20,000 3 DAYS $15,000 4 DAYS Days in
4. Use the following monthly information to solve for the total dollar-days of float.
Remittances Collection Float
$20,000 3 DAYS $15,000 4 DAYS Days in Month = 30 days
Annual opportunity cost of funds = 6%
A. $4000 B. $240 C. $7200 D. $120,000
PLEASE SHOW ALL WORK
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
3rd Edition
0324232624, 9780324232622
