Question
Assume that liquid funds can be invested to yield 4.5 percent. If annual remittance checks total $2 billion, what is it worth for the firm
Assume that liquid funds can be invested to yield 4.5 percent. If annual remittance checks total $2 billion, what is it worth for the firm to reduce float by 1 day?
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Probability And Statistics For Engineers And Scientists
Authors: Anthony Hayter
3rd Edition
495107573, 978-0495107576
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