Question
On an average day, Biggers Inc., deposits $250,000 of checks from customers, and writes and disburses checks worth $200,000. If deposited checks are available after
On an average day, Biggers Inc., deposits $250,000 of checks from customers, and writes and disburses checks worth $200,000. If deposited checks are available after three days, and written checks are cleared from our account after five days (the firm uses snail mail) what is the average net float (BE CLEAR ON SIGN)?
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
