If the Concentration of Gold in Seawater Is 2

question 93

Multiple Choice

If the concentration of gold in seawater is 2.0 milligram per ton of sea water and the mass of the ocean is 1.5 × 10¹⁸ tons,how much gold is in the ocean?

• A)3.0 × 10¹² kg
• B)3.0 kg
• C)300 g
• D)36 mg
• E)3000 lb

Understand the concept of average daily float and its calculation in various scenarios.

Comprehend the concept of collection and disbursement floats and their impact on firm's cash management.

Apply the BAT and Miller-Orr models to determine optimal cash balance strategies.

Analyze the cost-benefit of implementing lockbox systems to reduce collection time.

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