Question
Float.com has average daily cash receipts of $50,000 and weighted average delay of 2 days between receipt of cash availability of cash in the bank.
Float.com has average daily cash receipts of $50,000 and weighted average delay of 2 days between receipt of cash availability of cash in the bank. What is the maximum amount that Float.com will be willing to pay to reduce the float by one day?
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Finance Applications And Theory
Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair
3rd International Edition
1259252221, 9781259252228
