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During a normal month, Jim's Gems receives a total of nine checks with a total value of $97,500. On average, it takes 1 day from

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During a normal month, Jim's Gems receives a total of nine checks with a total value of $97,500. 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? Multiple Choice $26,000 $52,000 $13,000 $3,250 $65,000

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