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:

Training Develop Capabilities

The process of enhancing the skills, knowledge, and competencies of employees to improve their performance and enable them to take on greater responsibilities.

Hiring

The process of finding, attracting, selecting, and appointing suitable candidates for jobs within an organization.

Firing

The act of terminating someone's employment due to underperformance, misconduct, or organizational changes.

Organizational Culture

The shared values, beliefs, and practices that characterize an organization and influence its actions and decisions.