Question
If average daily remittances are $6 million, and extended disbursement float adds 2 days to the disbursement schedule, how much should the firm be willing
If average daily remittances are $6 million, and "extended disbursement float" adds 2 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. A. $500,000 B. $1,500,000 C. $0 D. $840,000
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
0444535942, 978-0444535948
