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New Milford, Inc., generally receives three checks per month. A check for $11,840 clears in 3 days, a check for $6,700 clears in 2 days,
New Milford, Inc., generally receives three checks per month. A check for $11,840 clears in 3 days, a check for $6,700 clears in 2 days, and a check for $7,890 clears in 3 days. Assuming 30 days in each month, what is the average daily float? Multiple Choice $2,419.67 $2,248.33 $2,033.33 $881.00 $293.67
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