Question: May you please answer this question showing your steps! 3. A company has 5 remittances for the typical month as listed below. Assume the typical

 May you please answer this question showing your steps! 3. A

May you please answer this question showing your steps!

company has 5 remittances for the typical month as listed below. Assume

3. A company has 5 remittances for the typical month as listed below. Assume the typical month has 30 days. The days of mail oat and availability oat for each remittance are also shown. Processing oat is negligible. Calculate the total-dollar-day oat for the month. Calculate the average dollar-day oat. Calculate the average collection oat in days. F"? 53"." Remittance Mail oat Availability o atl $ 1 0 0,0 0 0 2 1 5,000 7 2 3 00,000 1 1 10,00 0 5 1 1 50,000 4 2 If the annual opportunity rate is 4%, calculate the annual cost of oat

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!