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In a typical month, a company receives 39 checks totaling $168,000. The payment on these checks is normally delayed by an average of 2.7 days.

In a typical month, a company receives 39 checks totaling $168,000. The payment on these checks is normally delayed by an average of 2.7 days. What is the average daily float? Assume 30 days in a month. $14,500 $15,333 $15,120 $16,217 $14,667

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