Problem
In 2002, Dell Computer made its suppliers wait 37 days on average to be paid for their goods; however, Dell was paid by its customers immediately. Thus, Dell earned interest on this float, the money that it was implicitly borrowing. If Dell can earn an annual interest rate of 4%, what is this float worth to Dell per dollar spent on inputs?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.