On an average day a company writes checks totaling 1500


On an average day, a company writes checks totaling $1,500. These checks take 7 days to clear. The company receives checks totaling $1,800. These checks take 4 days to clear. The cost of debt is 9%. What is the firm's net float? A. $-3,300 B. $-300 C. $300 D. $3,300 E. None of these.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: On an average day a company writes checks totaling 1500
Reference No:- TGS01367290

Expected delivery within 24 Hours