Average daily remittances are $5 million,and "extended disbursement float" adds 5 days to the disbursement schedule,how much should the firm be willing to pay for a cash management system if the firm earns 12% on excess funds.
A) $3,000,000
B) $600,000
C) $1,000,000
D) $0

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The Answer of Average daily remittances are $5 million,and "extended disbursement float" adds 5 days to the disbursement schedule,how much should the firm be willing to pay for a cash management system if the firm earns 12% on excess funds.
A) $3,000,000
B) $600,000
C) $1,000,000
D) $0

Average Daily Remittances Are $5 Million,and "Extended Disbursement Float" Adds