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:

Human Organism

A living being that has human biological structures and systems that function interdependently.

Teratogen

A substance or element that induces abnormalities in a developing embryo or fetus.

Fetal Alcohol Syndrome

A condition resulting from alcohol exposure during the mother's pregnancy, causing brain damage and growth problems in the child.

Prenatal Stress

Describes stress experienced by a pregnant individual, which can affect fetal development and have long-term impacts on the child's health.