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In a typical month, the Monk Corporation receives 100 checks totaling $95,000. These are delayed 4 days on average. What is the average daily float?

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In a typical month, the Monk Corporation receives 100 checks totaling $95,000. These are delayed 4 days on average. What is the average daily float? Assume 30 days per month. Multiple Choice $13,300 $12,920 $3,167 $12,033 $12,667

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