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Problem 17-5 Calculating Float (LO 1) In a typical month, the Pier Corporation receives 100 checks totaling $132,000. These are delayed five days on average.

Problem 17-5 Calculating Float (LO 1) In a typical month, the Pier Corporation receives 100 checks totaling $132,000. These are delayed five days on average. Assume 30 days in a month. What is the average daily float? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Average daily float

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