Question
Metal Corporation deals strictly with three customers who pay monthly amounts of $213,000,$317,000, and $ 140,000. The $140,000 check has a day collection delay while
Metal Corporation deals strictly with three customers who pay monthly amounts of $213,000,$317,000, and $ 140,000. The $140,000 check has a day collection delay while the other two have a delay of 1.6 days. What is the weighted average delay assuming each month has 30 days?
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The New Managed Account Solutions Handbook
Authors: Stephen D. Gresham, Arlen S. Oransky
1st Edition
0470222786, 978-0470222782
