Question
In a typical month, the Gulley Corporation receives 100 checks totaling $90,000. These are delayed three days on average. Assume 30 days in a month.
In a typical month, the Gulley Corporation receives 100 checks totaling $90,000. These are delayed three days on average. Assume 30 days in a month. What is the average daily float? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Average daily float $
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
