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If a Company Can Implement Cash Management Systems and Save

question 17

Multiple Choice

If a company can implement cash management systems and save three days by reducing remittance time and one day by increasing disbursement time based on $2,000,000 in average daily remittances and $2,500,000 in average daily disbursements and its return on freed-up funds is 10%, what is the maximum that it should spend on the system?

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Definitions:

Avoid Eye Contact

A precautionary recommendation to prevent direct gaze into another person's eyes, often to avoid transmitting or receiving unwelcome signals.

Yes Or No Answer

A straightforward response indicating affirmation or negation without elaboration.

Wonder

A feeling of amazement and admiration, often caused by something beautiful, remarkable, or unfamiliar.

Open-Ended Questions

Questions formulated to elicit more detailed and comprehensive responses, not limited to yes or no answers.

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