Business, 18.11.2019 19:31 1969976289
Purple feet wine, inc., receives an average of $16,000 in checks per day. the delay in clearing is typically three days. the current interest rate is .017 percent per day. a. what is the company's float? company's float $ b. what is the most purple feet should be willing to pay today to eliminate its float entirely? maximum payment $ c. what is the highest daily fee the company should be willing to pay to eliminate its float entirely? (round your answer to 2 decimal places, e. g., 32.16.) maximum daily charge $
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Purple feet wine, inc., receives an average of $16,000 in checks per day. the delay in clearing is t...
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