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During a normal month, Ernst&Dad receives a total of 5 checks with a total value of $260,000. On average, it takes 1 day from the

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During a normal month, Ernst&Dad receives a total of 5 checks with a total value of $260,000. On average, it takes 1 day from the date of deposit for the funds from these checks to be available to the firm. Assume each month has 30 days. What is the average daily float

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