If average daily remittances are $6 million and the extended disbursement float adds 2 days to the

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If average daily remittances are $6 million and the "extended disbursement float" adds 2 days to the disbursement schedule, how much should the company be willing to pay for a cash management system if the company earns 7% on funds? surplus?

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Foundations Of Finance

ISBN: 9780134083285

9th Edition

Authors: Arthur J. Keown, John H. Martin, J. William Petty

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Posted Date: Jun 27, 2023 06:34 AM

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If average daily remittances are $6 million and the extended disbursement float adds 2 days to the

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