Your firm has average daily receipts of $2,500.These receipts are available after 6 days on average.The interest rate that could be earned is .02% (.0002) per day.What is the approximate cost of the float per day?
A) $2.50
B) $3.00
C) $30.00
D) $50.00
E) None of the above.
Correct Answer:
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Q43: During the month you receive 4 checks,one
Q43: What is the firm's disbursement float?
A)$-6,000
B)$-4,500
C)$4,500
D)$6,000
E)None of
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Q47: What is the firm's net float?
A)$-2,500
B)$-2,400
C)$2,400
D)$2,500
E)None of
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