Question
In a typical month, the Webber Corporation receives 100 checks totaling $135,000. These are delayed two days on average. Assume 30 days in a month.
| In a typical month, the Webber Corporation receives 100 checks totaling $135,000. These are delayed two days on average. Assume 30 days in a month. (Enter your answer as directed, but do not round intermediate calculations.) |
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| Required: |
| What is the average daily float? |
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| Average daily float | $ |
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Internal Revenue Service Status Of GAO Financial Audit And Related Financial Management Recommendations
Authors: Government Accountability Office
1st Edition
1492351571, 978-1492351573
