In a typical month, the Montrose Corporation receives 90 checks totaling $85,000. These are delayed four days

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In a typical month, the Montrose Corporation receives 90 checks totaling $85,000. 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: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Aug 24, 2021 06:48 AM

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In a typical month, the Montrose Corporation receives 90 checks totaling $85,000. These are delayed four days

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Fundamentals Of Corporate Finance

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