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Southern Meals generally receives five checks a month. One of the checks is for $569 and has a collection delay of three days. The others
Southern Meals generally receives five checks a month. One of the checks is for $569 and has a collection delay of three days. The others amounts are $1,318, $907, $113 and $227 and have a two-day delay. Given this information, what is the amount of the average daily float? Assume each month has 30 days. Multiple Choice O $228 O O $106 $94 O $148 O O O $213
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