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Question 52 1 p Your firm generally receives 4cheques a month. The cheque amounts and the collection delay for each cheque are shown below. Given
Question 52 1 p Your firm generally receives 4cheques a month. The cheque amounts and the collection delay for each cheque are shown below. Given this information, what is the amount of the average daily float? Assume that a month has 30 days. Item Number Item Amount 1 2 $15,600 $4,100 $7,9001 $12,800 Delay 4 days 2 days 2 days 3 days 3 4 $11,345 $7,800 $31,200 $4,160 $22,600 Previous Ney
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