Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 15, 2024

The Blue Star generally receives only three checks a month with amounts of $14,809, $16,211, and $14,750. These checks all have a collection delay of

The Blue Star generally receives only three checks a month with amounts of $14,809, $16,211, and $14,750. These checks all have a collection delay of 1.5 days. Given this information, what is the amount of the average daily float? Assume every month has 30 days.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Derivatives And Risk Management

Authors: Robert Brooks, Don M Chance

9th Edition

1133190197, 978-1133190196

More Books

Students also viewed these Finance questions

Question

★★★★★

Find the expected number remaining inside as a function of time. 40 molecules begin inside a cell. Each leaves independently with probability 0.2/min.

Answered: 1 week ago

Question

★★★★★

Determine whether the statement is true or false. |25| = |-25|

Answered: 1 week ago

Question

★★★★★

=+a) An airline was concerned that new security measures might discourage air travelers. A year after the new security restrictions were put into place, the airlines compared the miles traveled by...

Answered: 1 week ago

Question

★★★★★

1. Visit the Web site for BELA at www.ethisphere.com/bela. Define the four core values in detail, and explain which one you think will be the hardest for members to achieve and why. 2. Do you think...

Answered: 1 week ago

Question

★★★★★

2 Whatare thie reasons Tor tablet coating ( explain at lcast 6 reasonsj? What are differenttbetwecn tabletsugar coating and ilm coalmg? Which is bciter? Why?What is enteric coaing and for which...

Answered: 1 week ago

Question

★★★★★

Launched in 2 0 1 5 , Stand - Up India seeks to leverage _ _ _ _ _ _ _ _ _ _ credit for the benefit of India s underprivileged Select one: a . institutional, b . commercial, c . professional, d ....

Answered: 1 week ago

Question

★★★★★

Use Eq. (15.10) to prove that $J_{1}=L_{23}, J_{2}=L_{31}$, and $J_{3}=L_{12}$. Data from Eq. 15.10 1 Ji J = - Eijk Ljk K = Loi,

Answered: 1 week ago

Question

★★★★★

Draw a timeline diagram for the sliding window algorithm with SWS = RWS = 3 frames for the following two situations. Use a timeout interval of about 2 RTT. (a) Frame 4 is lost. (b) Frames 46 are...

Answered: 1 week ago

Question

★★★★★

(a) Draw an example internetwork where the BIDIR-PIM route from a sources router to a group members router is longer than the PIM-SM source-specific route. (b) Draw an example where they are the same.

Answered: 1 week ago

Question

★★★★★

By using the diagram of rolling moment coefficients, explain why an airplane is laterally stable if its rolling moment coefficient is positive when the sideslip angle $\beta$ is negative

Answered: 1 week ago

Question

★★★★★

By using the diagram of yawing moment coefficients, explain the feature of sweep-back wing on directional stability.

Answered: 1 week ago

Question

★★★★★

=+3. Explain the interactions in the TV market!

Answered: 1 week ago

Question

★★★★★

=+1. Of what is the value chain in the music industry composed?

Answered: 1 week ago

Question

★★★★★

=+2. Explain the manufacturing model of radio management!

Answered: 1 week ago

Previous Question Next Question