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Question 34 2.5 pts On average, your firm receives SO checks a day from customers. These checks, on average, are worth $20 each and clear
Question 34 2.5 pts On average, your firm receives SO checks a day from customers. These checks, on average, are worth $20 each and clear the bank in 4 days. In addition, your firm mails out 40 checks a day with an average amount of $30. These checks clear your bank in 3 days. What is the average amount of the collection float? $6,000 O $1,000 o $4,000 $4,500 $3,600
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