On an Average Day, a Company Writes Cheques Totaling €1,500

question 73

Multiple Choice

On an average day, a company writes cheques totaling €1,500.These cheques take 7 days to clear. The company receives cheques totaling €1,800.These cheques take 4 days to clear.The cost of
Debt is 9%.
If the average daily float is €3,300, what is the net present value per day?

• A)€-0.81
• B)€-79.41
• C)€-282.48
• D)€-297.00
• E)None of the above.

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Definitions:

Decentralized Network

A network structure where control and decision-making are distributed across various nodes rather than centralized in a single location.

Information Saturation

A state in which no additional information can be absorbed or effectively processed by an individual or system due to an overload of data.

Consensus

A general agreement among the members of a group or community, reflecting a common opinion or shared position on a particular issue.

High-Status Person

An individual who holds a position of authority or esteem in a social hierarchy, often influencing group dynamics and decisions.