Calculating Float [LO1] In a typical month, the Jeremy Corporation receives 80 checks totaling $156,000. These are delayed four days on average. What is the average daily float?

FINANCIAL ACCOUNTING
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1. Calculating Float [LO1] In a typical month, the Jeremy Corporation receives
80 checks totaling $156,000. These are delayed four days on average. What is the
average daily float?
Transcribed Image Text:1. Calculating Float [LO1] In a typical month, the Jeremy Corporation receives 80 checks totaling $156,000. These are delayed four days on average. What is the average daily float?
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