In a typical month, the Jeremy Corp. receives 80 cheques totaling $156,000. These are delayed four days
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In a typical month, the Jeremy Corp. receives 80 cheques totaling $156,000. These are delayed four days on average. What is the average daily float?
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The average daily float is the average amount of cheq...View the full answer
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Related Book For 
Corporate Finance
ISBN: 978-0071339575
7th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
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