What is the average daily float


Calculating Float in a typical month, the Timemons Corporation receives 90 checks totaling $ 135,000. These are delayed five days on average. What is the average daily float?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the average daily float
Reference No:- TGS0557560

Now Priced at $5 (50% Discount)

Recommended (98%)

Rated (4.3/5)