Question
If average daily remittances are $3 million, and extended disbursement float adds 6 days to the disbursement schedule, how much should the firm be willing
If average daily remittances are $3 million, and "extended disbursement float" adds 6 days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the firm earns 10% on excess funds?
Multiple Choice
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$1,905,000
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$1,800,000
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$1,815,000
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$0
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith Baker
2nd Edition
0763726605, 9780763726607
