In a typical month the tanner corporation receives 100


In a typical month, the Tanner Corporation receives 100 checks totaling $84,000. These are delayed five days on average. Assume 30 days in a month.

Required:
What is the average daily float? (Do not include the dollar sign ($).)

 

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Finance Basics: In a typical month the tanner corporation receives 100
Reference No:- TGS0629148

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