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Average trade collections and disbursements are P72,000,000 and P57,600,000 per year. It takes a customer check an average of three days to clear the bank

Average trade collections and disbursements are P72,000,000 and P57,600,000 per year. It takes a customer check an average of three days to clear the bank while it takes a company check four days. If the bank provides a 2% return on the bank balance, how much is the net benefit or (cost) of the float?

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