Question
Hi, could you please help solve this corporate finance problem? Thanks! Jumpdisk Company writes checks averaging $32,000 a day and it takes five days for
Hi, could you please help solve this corporate finance problem? Thanks!
Jumpdisk Company writes checks averaging $32,000 a day and it takes five days for these checks to clear. The firm also receives checks in the amount of $35,000 per day, but the firm loses four days while its receipts are being deposited and cleared. What is the firm's net float in dollars?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
