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Hoyes Lumber generally receives three checks per month. A check for $11,440 clears in 3 days, a check for $6,575 clears in 2 days, and
Hoyes Lumber generally receives three checks per month. A check for $11,440 clears in 3 days, a check for $6,575 clears in 2 days, and a check for $7,790 clears in 3 days. Assuming 30 days in each month, what is the average daily float?
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