Every day the firm mails out checks totaling 4400 that


On any given day, a firm receives numerous checks worth an average combined total of $5,900. The funds from the deposited checks are generally available after 1.5 days. Every day, the firm mails out checks totaling $4,400 that generally take 3 days to clear the bank. What is the amount of the collection float.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Every day the firm mails out checks totaling 4400 that
Reference No:- TGS0629452

Expected delivery within 24 Hours