In a typical month, the Jeremy Corporation receives 80 checks totaling $95,000. These are delayed 4 days on average. What is the average daily float? Assume 30 days per month.
Darshita Changed status to publish August 12, 2020
Answer:
Average daily float
= 4(95,000)/30
=12667
Average daily float = =12667
Darshita Changed status to publish August 12, 2020
