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Retailers make a significant return on interest? Can you help me identify what keywords I would look for in a P&L to see this?
by ttymck 3y ago
Retailers make a significant return on interest? Can you help me identify what keywords I would look for in a P&L to see this?
- loxias 3y agoI always heard it as "float management", or "managing your float".
- ZeroSolstice 3y ago"Large companies and financial institutions also often "play the float" with larger sums for-profit—namely, the interest income they earn on an amount by speeding up its deposit into their accounts or slowing down a presentation for payment[1]." IMF eLibrary with some example scenarios[2]. Granted they speak of most of the float data being analyzed with checks, it doesn't seem unreasonable to replace "check" with "credit card" transaction. [1] https://www.investopedia.com/terms/f/float.asp https://www.investopedia.com/terms/f/float.asp [2] https://www.elibrary.imf.org/display/book/9781557753861/ch10.xml https://www.elibrary.imf.org/display/book/9781557753861/ch10...