If average daily remittances are $6 million, and extended disbursement float adds two days to the disbursement schedule, how much should the firm be willing
If average daily remittances are $6 million, and "extended disbursement float" adds two days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the firm earns 7% on excess funds?
Multiple Choice
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$420,000
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$1,200,000
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$0
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$840,000
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Authors: Frank Fabozzi, Steven Mann
8th Edition
0071768467, 978-0071768467
