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

Grasp the strategic use of hardware in achieving business and technical objectives.

Understand the evolution and innovation trends in the computer industry, including the impact on hardware selection and strategic planning.

Acknowledge the influence of storage media on data management and decision-making processes.

Understand the basics of computer hardware and classifications.

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Definitions:

S Corporation

A special designation of corporation that allows for pass-through taxation, where the corporation's income is taxed at the shareholder level, rather than at the corporate level.

Shareholders

Individuals or entities that own shares in a corporation, giving them a claim on part of the corporation's assets and earnings.

U.S. Citizens

Individuals who possess citizenship of the United States, either by birth or naturalization.

Franchise Agreements

Legal contracts between franchisors and franchisees that outline the terms and conditions for operating a franchise business.