Question
ABCCompany writes48checks a day for an average amount of$1,055each.These checks generally clear the bank in4 days.In addition,the firmgenerally receives an average of$4,577a day in checks
ABCCompany writes48checks a day for an average amount of$1,055each.These checks generally clear the bank in4 days.In addition,the firmgenerally receives an average of$4,577a day in checks that aredeposited immediately.Deposited funds are available in2days.Whatis the firm's netfloat?
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Real Estate Finance
Authors: John P. Wiedemer, Keith J. Baker
9th edition
324181426, 324181425, 978-0324181425
