Average daily float can be calculated as:
A) Average daily receipts/Weighted average delay.
B) Annual sales/365.
C) Total receipts/Total days.
D) Total float × Total days.
E) Average daily receipts × Weighted average delay.
Correct Answer:
Verified
Q4: The fastest but most expensive way for
Q5: Firms would need to hold zero cash
Q6: All the following can create disbursement float
Q7: By getting closer to the source of
Q8: Firms hold cash,in part,to satisfy compensating balance
Q10: Which one of these probably has reduced
Q11: Determining the appropriate cash balance involves assessing
Q12: Net collection float means the:
A)book balance is
Q13: Most large firms hold a larger cash
Q14: The difference between available cash and book
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