Each month, your company typically has $1,000,000 and $2,000,000 in remittances with collection floats of 5...
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Each month, your company typically has $1,000,000 and $2,000,000 in remittances with collection floats of 5 and 7 days, respectively. On average, what is your company's collection float? (Hint: Calculate it the same way 5.49 days was calculated on slide 15) Each month, your company typically has $1,000,000 and $2,000,000 in remittances with collection floats of 5 and 7 days, respectively. On average, what is your company's collection float? (Hint: Calculate it the same way 5.49 days was calculated on slide 15)
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Answer Optiond 633 days Workings Collection float represents total amount of ... View the full answer
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Value at Risk The New Benchmark for Managing Financial Risk
ISBN: 978-0071464956
3rd edition
Authors: Philippe Jorion
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