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The amount tied up by the delay?

Chaset Corporation obtains average cash receipts of $200,0 per day. It usually takes5 days from the time a check is mailed to its availability for use. The amount tied up by the delay is? a.200,0 b.10,0 c.40,0

Cash Flow Management Budgeting Financial Reporting Financial Accounting Financial Analysis
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Question added by Anayatullah Tahir , Accounting Consultant , Various
Date Posted: 2014/04/06
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Muhammad Zubair
by Muhammad Zubair , CFO / Chief Accountant , RH Group

correct answer is b

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