Question
In a typical month, the Webber Corporation receives 100 checks totaling $123,000. These are delayed two days on average. Assume 30 days in a month.
| In a typical month, the Webber Corporation receives 100 checks totaling $123,000. These are delayed two days on average. Assume 30 days in a month. (Enter your answer as directed, but do not round intermediate calculations.) |
| Required: |
| What is the average daily float? |
| Average daily float | $ |
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Public Finance In Theory And Practice
Authors: Holley Ulbrich
1st Edition
0324016603, 978-0324016604
