Average Daily Remittances Are $5 Million,and "Extended Disbursement Float" Adds

question 145

Multiple Choice

Average daily remittances are $5 million,and "extended disbursement float" adds 3 days to the disbursement schedule,how much should the firm be willing to pay for a cash management system if the firm earns 10% on excess funds.

• A) $500,000
• B) $1,500,000
• C) $1,000,000
• D) $0

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Definitions:

Embryonic Stage

The period during pregnancy from the second to the eighth week post-conception, when significant growth and development of the embryo occur.

Gestation

The period of time a fetus develops inside the mother's womb or uterus, typically lasting about 40 weeks in humans from the last menstrual period.

Fetotoxins

Substances that are toxic to fetuses, potentially causing harm or developmental problems during pregnancy.

Angiotensin-converting Enzyme

An enzyme that helps regulate blood pressure by converting angiotensin I to the active vasoconstrictor angiotensin II.