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48 New Milford, Inc., generally receives three checks per month. A check for $12,240 clears in 3 days, a check for $6,825 clears in 2
48 New Milford, Inc., generally receives three checks per month. A check for $12,240 clears in 3 days, a check for $6,825 clears in 2 days, and a check for $7,990 clears in 3 days. Assuming 30 days in each month, what is the average daily float? Multiple Choice $901.83 $2.082.50 $2,478.00 $2.297.50 $300.61
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