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?
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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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