What is the highest amount should pay, Accounting Basics

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What is the highest amount should pay

JKL Tools receives an average of $3,300 a day in cheques. The delay in processing averages 4 days. The current interest rate is .02% per day. What is the highest daily fee JKL should pay to eliminate the float? What is the highest amount that JKL should pay to eliminate the float entirely?

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Accounting Basics: What is the highest amount should pay

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Accounting Basics: What is the highest amount should pay

Reference No:- TGS045461

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculate the conversion factor for a bond

Q : Find the price associated with long-run equilibrium

Q : Compute the profit maximizing level of coffee output

Q : What is the amount of depreciation deduction

Q : What is the highest amount should pay

Q : Develop regression equation to forecast the demand

Q : Deduction in future years

Q : Determine the future value of annuity

Q : Calculate the monthly payment

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the highest amount should pay

Reference No:- TGS045461

Recent Questions Asked Accounting Basics

Q : Calculate the conversion factor for a bond

Q : Find the price associated with long-run equilibrium

Q : Compute the profit maximizing level of coffee output

Q : What is the amount of depreciation deduction

Q : What is the highest amount should pay

Q : Develop regression equation to forecast the demand

Q : Deduction in future years

Q : Determine the future value of annuity

Q : Calculate the monthly payment

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