Multiple Choice
If average daily remittances are $6 million, and "extended disbursement float" adds two days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the firm earns 7% on excess funds?
A) $420,000
B) $1,200,000
C) $0
D) $840,000
Correct Answer:
Verified
Correct Answer:
Verified
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