If average daily remittances are $4 million, and "extended disbursement float" adds 8 days to the disbursement schedule, how much should the firm bewilling to pay for a cash management system if the firm earns 10% on excess funds?Multiple Choice$3,305,000$3,200,000$3,215,000$0

Company wants to reduces cash outflow and increase cash inflow because cash money can be invested…

If average daily remittances are $4 million, and "extended disbursement float" adds 8 days to the disburseme willing to pay for a cash management system if the firm earns 10% on excess funds? Multiple Choice O $3,305,000 $3,200,000 $3,215,000

If average daily remittances are $4 million, and "extended disbursement float" adds 8 days to the disburseme willing to pay for a cash management system if the firm earns 10% on excess funds? Multiple Choice O $3,305,000 $3,200,000 $3,215,000

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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If average daily remittances are $4 million, and "extended disbursement float" adds 8 days to the disbursement schedule, how much should the firm be
willing to pay for a cash management system if the firm earns 10% on excess funds?
Multiple Choice
$3,305,000
$3,200,000
$3,215,000
$0

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