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Suppose a hospital writes checks of $75,000 per day and it takes, on average, ten days for those to be received and to clear the
Suppose a hospital writes checks of $75,000 per day and it takes, on average, ten days for those to be received and to clear the banking system. Furthermore, the hospital receives $50,000 in checks daily, which take five days to be deposited and credited. What is the hospital's float?
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