On an Average Day,a Company Writes Checks Totaling $1,500

question 49

Multiple Choice

On an average day,a company writes checks totaling $1,500. These checks take 7 days to clear. The company receives checks totaling $1,800. These checks take 4 days to clear. The cost of debt is 9%. If the average daily float is $3,300,what is the net present value per day?

• A) $-0.81
• B) $-79.41
• C) $-282.48
• D) $-297.00
• E) None of these.

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Definitions:

Supervisor

An individual in a leadership position responsible for overseeing the work of employees, providing guidance, and ensuring the quality and efficiency of their work.

Facilitator

An individual who helps a group to understand their objectives and assists them in planning how to achieve these objectives without taking a particular position in the discussion.

Participant

An individual who actively takes part in an activity, process, or event.

Coach

An individual who supports, trains, and guides others in achieving their personal or professional goals.