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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