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Use the following information to calculate the annual opportunity cost of float: Number of checks processed per year = 360 Average face value per check
Use the following information to calculate the annual opportunity cost of float: Number of checks processed per year = 360 Average face value per check = $3,000 Average collection float = 3 days Annual opportunity cost rate = 5%
$10,239.45
$443.84
$8,876.71
$2,958.90
Group of answer choices
$10,239.45
$443.84
$8,876.71
$2,958.90
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