Calculating Float in a typical month, the Timemons Corporation receives 90 checks totaling $ 135,000. These are

Question:

Calculating Float in a typical month, the Timemons Corporation receives 90 checks totaling $ 135,000. These are delayed five days on average. What is the average daily float?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...