Home Uncategorized Normas Cat Food of Shell Knob ships cat food throughout thecountry. Norma...

Normas Cat Food of Shell Knob ships cat food throughout thecountry. Norma has de

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Normas Cat Food of Shell Knob ships cat food throughout thecountry. Norma has determined that through the establishment oflocal collection centers around the country she can speed up thecollection of payments by two and one-half days. Furthermore thecash management department of her bank has indicated to her thatshe can defer her payments on her accounts by one-half day withoutaffecting suppliers. The bank has a remote disbursement center inIowa.a. If the company has $5 million per day in collections and $3million per day in disbursements how many dollars will the cashmanagement system free up?

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