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On a daily basis, a company sends out cheques worth $63,621 to its supplier. The cheques take 3 days to clear. At the same time,
On a daily basis, a company sends out cheques worth $63,621 to its supplier. The cheques take 3 days to clear. At the same time, the company receives payments of $101,772 from customers daily. These collections take one (1) day to deposit and another day for the bank to process them. What is the absolute value of the company's net daily float?
A) $12,364
B) $12,681
C) $12,998
D) $13,315
E) $13,632
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