In a typical month, the Hampton Corporation receives 80 checks totaling $139,000. These are delayed four days
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In a typical month, the Hampton Corporation receives 80 checks totaling $139,000. These are delayed four days on average. What is the average daily float? Assume 30 days in a month.
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For 
Fundamentals of corporate finance
ISBN: 978-0078034633
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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