On an average day, Biggers Inc., deposits $250,000 of checks from customers, and writes and disburses checks
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On an average day, Biggers Inc., deposits $250,000 of checks from customers, and writes and disburses checks worth $200,000. If deposited checks are available after three days, and written checks are cleared from our account after five days (the firm uses “snail mail”) what is the average net float (BE CLEAR ON SIGN)?
Related Book For
Fundamentals of biochemistry Life at the Molecular Level
ISBN: 978-0470547847
4th edition
Authors: Donald Voet, Judith G. Voet, Charlotte W. Pratt
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