Computation of approximate cost of the cash float per day

Assignment Help Finance Basics

Reference no: EM1312587

Computation of approximate cost of the cash float per day.

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?

Reference no: EM1312587

Questions Cloud

Computation of the interest on the loan payable in due : Computation of the interest on the loan payable in due and in advance and What will be the face value of the note assuming that Interest paid when the loan is due

Computation of the future contracts and the margin money : Computation of the future contracts and the margin money and how much money will be required for margin account

Probability by quantum tunneling : Keeping a constant speed of 0.6 m/s, a marble of mass 18 g rolls back & forth across a shoebox that is 14 cm high & 2 mm thick. Estimate the probability of its escaping through the wall of the box by quantum tunnelling.

Discuss on collectability of the accounts receivables : Discuss on collectability of the accounts receivables and Collegiate wants to stem their losses by using an instant electronic credit check on the customer

Computation of approximate cost of the cash float per day : Computation of approximate cost of the cash float per day and the interest rate that could be earned is .02% .0002 per day

Transmission coefficient of an electron : Classically, the electron cannot pass through the barrier because E

Computation of optimum cash balance and savings : Computation of optimum cash balance and savings there on using Baumol model and What is the total saving to the firm if it switches from its current practice to the optimum practice

Find distance travelled by the block on an inclined plane : Block A of Figure has a velocity of 15 ft/sec down slope. How far will the block slide along the slope? How far will the block slide along the slope before stopping?

Computation of the effective interest rate on the bank loan : Computation of the effective interest rate on the bank loan and compensating balance requirement which is based on the total amount borrowed

User Account

All Pages