Question
As of this morning, your firm had a ledger balance of $3237 with no outstanding deposits or checks. Today, your firm deposited 3 checks in
As of this morning, your firm had a ledger balance of $3237 with no outstanding deposits or checks. Today, your firm deposited 3 checks in the amount of $496 each and wrote a check in the amount of $645. What is the amount of the collection float as of the end of the day?
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Valuation Measuring And Managing The Value Of Companies
Authors: McKinsey & Company Inc., Tom Copeland, Tim Koller, Jack Murrin
3rd Edition
0471361909, 978-0471361909
