1. 1. Calculating float [LO 19.1] In a typical month, Yowie Bay Boats receives 80 cheques totalling...

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Calculating float [LO 19.1] In a typical month, Yowie Bay Boats receives 80 cheques totalling $113 000. These are delayed four days on average. What is the average daily float? Assume 30 days in a month.

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Fundamentals Of Corporate Finance

ISBN: 9781743768051

8th Edition

Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan

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Question Posted: Oct 04, 2024 02:00 AM

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1. 1. Calculating float [LO 19.1] In a typical month, Yowie Bay Boats receives 80 cheques totalling $113 000. These are delayed four days on average. What is the average daily float? Assume 30 days...
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1. 1. Calculating float [LO 19.1] In a typical month, Yowie Bay Boats receives 80 cheques totalling...

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Fundamentals Of Corporate Finance

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