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Question 10 (1 point) On a daily basis, a company sends out cheques worth $75,645 to its supplier. The cheques take 3 days to clear.
Question 10 (1 point) On a daily basis, a company sends out cheques worth $75,645 to its supplier. The cheques take 3 days to clear. At the same time, the company receives payments of $123,024 from customers daily. These collections take one (1) day to deposit and another day for the bank to process them. What is the absolute value of the company's net daily float? $18,157 $18,635 $19,113 $19,591 $20,069 Previous Page Next Page Page 10 of 25
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