Question
On an average day, a company writes 55 checks worth a total of $6,350 that clear in 3.75 days. The company also collects 77 checks
On an average day, a company writes 55 checks worth a total of $6,350 that clear in 3.75 days. The company also collects 77 checks worth atotal of $8,790 that clear in 3.25 days. What is the company's average disbursement float?
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
