Find average daily float if delayed three days on average


In a typical month, the Any Day Corporation receives 100 checks totaling $67,000. These are delayed three days on average. What is the average daily float?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Find average daily float if delayed three days on average
Reference No:- TGS0557604

Now Priced at $5 (50% Discount)

Recommended (92%)

Rated (4.4/5)