Question
On a typical day, a company writes 54 checks worth a total of $8,440 that clear in 2.75 days. The company also collects 66 checks
On a typical day, a company writes 54 checks worth a total of $8,440 that clear in 2.75 days. The company also collects 66 checks worth a total of $10,240 that clear in 2.25 days. Is this a collection or disbursement float? What is the amount of the float?
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Finance For IT Decision Makers
Authors: Michael Blackstaff
3rd Edition
1780171226, 978-1780171227
