Question
Problem 14-11 Collection Float (LG14-9) CM Enterprises estimates that it takes, on average, one day for customers' payments to arrive, one day for the
Problem 14-11 Collection Float (LG14-9) CM Enterprises estimates that it takes, on average, one day for customers' payments to arrive, one day for the payments to be processed and deposited by the bookkeeping department, and two more days for the checks to clear once they are deposited. What is CM's collection float? Collection float days
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077400163
