Question
MC Enterprises estimates that it takes, on average, 9 days for their customers' payments to reach them, 2 day for the payments to be processed
MC Enterprises estimates that it takes, on average, 9 days for their customers' payments to reach them, 2 day for the payments to be processed and deposited by their bookkeeping department, and 3 more days for the check to clear once they're deposited. What is their collection float?
11 days
12 days
14 days
9 days
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
