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If a business can implement cash management systems and save three days by reducing remittance time and one day by increasing disbursement time based on
If a business can implement cash management systems and save three days by reducing remittance time and one day by increasing disbursement time based on $2,000,000 in average daily remittances and $2,500,000 in average daily disbursements and its return on funds released is 10%, what is the maximum they should spend in the system?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
9th Edition
978-0134083285, 134083288, 978-0134084015
