If a company can implement cash management systems and save 3 days by reducing remittance...
80.2K
Verified Solution
Link Copied!
Question
Finance
If a company can implement cash management systems and save 3 days by reducing remittance time and 2 days by increasing disbursement time based on P3,000,000 in average remittances and P2,500,000 in average disbursements and their return on freed up funds is 12%, what is the max they should spend on the system? (The answer is letter B but may I ask for a solution for a better understanding)
A. P2,000,000
B. P1,650,000
C. P1,250,000
D. P1,000,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
