Wintoki company writes checks averaging 15000 a day and it, Finance Basics

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Wintoki company writes checks averaging 15000 a day and it

Wintoki Company writes checks averaging $15,000 a day, and it takes 5 days for these checks to clear. The firm also receives checks in the amount of $17,000 per day, and it takes 3 days for these checks to be deposited and cleared. What is the firm's net float, in dollars? show your work.

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Finance Basics: Wintoki company writes checks averaging 15000 a day and it

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Finance Basics: Wintoki company writes checks averaging 15000 a day and it

Reference No:- TGS0641544

Recent Questions Asked Finance Basics

Q : A flat plate weighing 220 n slides down a 15 degree incline

Q : Construct a cash budget for a typical month and calculate

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