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Sheila's Society Clothing Manutacturer has collection centres around the country to speed up cash collections. The company also makes its disbursements from remote disbursement centres,
Sheila's Society Clothing Manutacturer has collection centres around the country to speed up cash collections. The company also makes its disbursements from remote disbursement centres, so cheques written by Sheilas take longer to clear the bank Collection time has been reduced by two and one half days and distursement time has been increased by one and one half days because of these polides Excess Funds are being invested in short-term instruments yielding pero per annum 6. If the firm as $4 milion pertay in collections and 63 million per day in disbursements how many dollars has the cash management system treed up Enter the answer in dollars not in millions Freed-up funds b. How much can helt earn per year on short term investments made possible by the freed up cas Enter the answer in dollars not in millions interest on freedup.cash
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