Gilley Weed Diving Co. has a total monthly disbursement float of $180,000. Assuming 30 days in a month and a money market daily return of 0.018%, what is the company's daily gain from disbursement float?
Gilley Weed Diving Co. has a total monthly disbursement float of $180,000. Assuming 30 days in a month and a money market daily return of 0.018%, what is the company's daily gain from disbursement float?
Chapter16: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 11P
Question
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