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In a typical month, Kids Funs Playground Company receives 45 cheques totalling $16,000. These cheques are delayed two days on average. What is the average

In a typical month, Kids Funs Playground Company receives 45 cheques totalling $16,000. These cheques are delayed two days on average. What is the average daily float if there is 30 days in a month?

Select one:

a. $1,066.67

b. $1,360.05

c. $1,165.00

d. $1,166.65

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