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You are conducting an analysis of your firm's collection float for an average 30-day month. If monthly remittances are $20,000,000, average daily float is $4,500,000,

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You are conducting an analysis of your firm's collection float for an average 30-day month. If monthly remittances are $20,000,000, average daily float is $4,500,000, and / - 10%, the cost of float is $2,000,000 True False

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