Assume that liquid funds can be invested to yield 4.5 percent. If annual remittance checks total $2

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Assume that liquid funds can be invested to yield 4.5 percent. If annual remittance checks total $2 billion, what is it worth for the firm to reduce float by 1 day?

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Probability and Statistics for Engineers and Scientists

ISBN: 978-0495107576

3rd edition

Authors: Anthony Hayter

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Posted Date: Sep 05, 2020 12:32 PM

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Assume that liquid funds can be invested to yield 4.5 percent. If annual remittance checks total $2

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