The method of calculating daily average float Introduction: Cash management refers to the process of handling and using cash in the business. Cash management is necessary because the businesses are motivated to hold cash for speculation, precaution, and for carrying out business-related transactions.

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Chapter 19.2, Problem 19.2BCQ

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To discuss: The method of calculating daily average float

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Cash management refers to the process of handling and using cash in the business. Cash management is necessary because the businesses are motivated to hold cash for speculation, precaution, and for carrying out business-related transactions.

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