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Problem 1 On a typical day, Orlando Clinic writes $90,000 in checks. It generally takes five days for those checks to clear. Each day
Problem 1 On a typical day, Orlando Clinic writes $90,000 in checks. It generally takes five days for those checks to clear. Each day the clinic typically receives $100,000 in checks that take three days to clear. a. What is the clinic's average net float? Please show your work. b. What is the goal of cash management?
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