Question
MC Enterprises estimates that it takes, on average, 15 days for their customers' payments to reach them, 1 day for the payments to be processed
MC Enterprises estimates that it takes, on average, 15 days for their customers' payments to reach them, 1 day for the payments to be processed and deposited by their bookkeeping department, and 4 more days for the check to clear once they're deposited. What is their collection float?
20 days
19 days
15 days
16 days
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Essentials Of Health Care Finance
Authors: William O. Cleverley, James O. Cleverley, Paula H. Song
7th Edition
0763789291, 978-0763789299
