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Category > Business & Finance Posted 21 May 2017 My Price 11.00

he Saban Corporation is trying

The Saban Corporation is trying to decide whether to switch to a bank that will accommodate electronic funds transfers from Saban’s customers. Saban’s financial manager believes the new system would decrease its collection float by as much as five days. The new bank would require a compensating balance of $30,000, whereas its present bank has no compensating balance requirement. Saban’s average daily collections are $10,000, and it can earn 8% on its short-term investments. Should Saban make the switch?

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Status NEW Posted 21 May 2017 01:05 PM My Price 11.00

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