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Lesters writes 20 checks a day for an average amount of 630

Lester's writes 20 checks a day for an average amount of $630 each. These checks generally clear the bank 2.5 days after they are written. In addition, the firm generally receives an average of $18,400 a day in checks. Deposited amounts are available after 2 days. What is the amount of the firm's disbursement float?

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Financial Management: Lesters writes 20 checks a day for an average amount of 630

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Financial Management: Lesters writes 20 checks a day for an average amount of 630

Reference No:- TGS01560716

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