On an average day ddl enterprises writes checks totaling, Finance Basics

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On an average day ddl enterprises writes checks totaling

Question: On an average day, DDL Enterprises writes checks totaling $1,500. These checks take an average of 5 days to clear. On an average day, DDL receives checks totaling $1,700 which take 4 days to clear. The cost of debt is 7.5 percent. What is the firm's disbursement float?

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