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

question 20

Multiple Choice

Average daily remittances are $5 million,and "extended disbursement float" adds 5 days to the disbursement schedule,how much should the firm be willing to pay for a cash management system if the firm earns 12% on excess funds.

• A) $3,000,000
• B) $600,000
• C) $1,000,000
• D) $0

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Definitions:

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More rigorous and demanding criteria or rules that must be met, often applied to improve quality, safety, environmental protection, or efficiency.

Taxing Polluters

Imposing financial charges on individuals or companies who release pollutants into the environment, aiming to reduce environmental harm.

Hydrogen Gas

A colorless, odorless, tasteless, and highly flammable diatomic gas at standard conditions, often used as a fuel and in various industrial processes.

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Various types of fuel used to power motor vehicles, including gasoline, diesel, and alternative fuels like electric energy.