Question
Venture Forth Enterprises estimates that it takes five days on average for customers' payments to arrive, two days for bookkeepers to process and deposit the
Venture Forth Enterprises estimates that it takes five days on average for customers' payments to arrive, two days for bookkeepers to process and deposit the payments, and three more days for the checks to clear after being deposited. What is Venture Forth's collection float?
| A. 8 days |
| B. 10 days |
| C. 7 days |
| D. 5 days |
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Finance Accumulation And Monetary Power
Authors: Daniel Woodley
1st Edition
0367338556, 978-0367338558
