FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If average daily remittances are $3 million, and extended disbursement float adds 4 days to the disbursement schedule, how much should the firm be willing

If average daily remittances are $3 million, and "extended disbursement float" adds 4 days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the firm earns 12% on excess funds? Multiple Choice $1,545,000 $1,440,000 O $1,455,000 O $0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Managerial Accounting

Authors: Mcgrawhil/Irwin

1st Edition

B008CMOMTS

More Books

Students also viewed these Accounting questions

Question

★★★★★
In the end, firms allocate scarce resources toward the production of goods and services most valued by society because: a) The opportunity costs of not producing those goods become too high. b)...

Answered: 1 week ago

Question

★★★★★
2 question pls,thanks! QUESTION 5 Companies finance their operations by selling stock and/or issuing debt. One key difference between those choices includes the following: O A company must use the...

Answered: 1 week ago

Question

★★★★★
What more can Joe do to encourage the other party to share more so that he can truly understand what the party is truly thinking and feeling?

Answered: 1 week ago

Question

★★★★★
The cash account of Dixon Products reveals the following information: The bank statement for May contains the following information: A comparison of detailed company records with the bank statement...

Answered: 1 week ago

Question

★★★★★
If average daily remittances are $3 million, and "extended disbursement float" adds 4 days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the...

Answered: 1 week ago

Question

★★★★★
Task 2.3: Write a script that will create a file that is named when you execute the shell script and direct the o/p of ls to that file 1. Open a new file script myshell.sh using vi editor # vi...

Answered: 1 week ago

Question

★★★★★
Research an uncertainty technique that does not use the three axioms of probability

Answered: 1 week ago

Question

★★★★★
The Dexter Products Company manufactures a single product. Its operations are a continuing process carried on in two departments - machining and finishing. In the production process, materials are...

Answered: 1 week ago

Question

★★★★★
Correlation is an important concept in portfolio optimisation. Portfolios with combinations of assets with low or negative correlation tend to display lower volatility than individual assets or...

Answered: 1 week ago

Question

★★★★★
The following data was prepared by the Oriole Company. Total Variable Fixed Sales price $22/unit Direct materials used $82,650 Direct labor $96,000 Manufacturing overhead $99,600 $9,600 $90,000...

Answered: 1 week ago

Question

★★★★★
TFS is trading at $50 / share.It has no dividend and the current cc interest rate is 4%.What is the 2 month forward price? TFS is still trading at $50 / share and the cc interest rate r =...

Answered: 1 week ago

Question

★★★★★
5. What information would the team members need?

Answered: 1 week ago

Question

★★★★★
Were the team members dependable? If not, how were they held accountable?

Answered: 1 week ago

Question

★★★★★
Which team solution is more likely to be pursued and why?

Answered: 1 week ago

Previous Question Next Question