Question
In a typical month, the Webber Corporation receives 100 checks totaling $67,000. These are delayed three days on average. Assume 30 days in a month.
| In a typical month, the Webber Corporation receives 100 checks totaling $67,000. These are delayed three days on average. Assume 30 days in a month. (Enter your answer as directed, but do not round intermediate calculations.) |
| Required: |
| What is the average daily float? |
| Average daily float | $ |
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Financial Management For Decision Makers
Authors: Peter Atrill
9th Edition
1292311436, 978-1292311432
