In a typical month, the Jeremy Corporation receives 80 checks totaling $156,000. These are delayed four days

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In a typical month, the Jeremy Corporation receives 80 checks totaling $156,000. These are delayed four days on average. What is the average daily float?

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Jun 23, 2023 08:21 AM

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In a typical month, the Jeremy Corporation receives 80 checks totaling $156,000. These are delayed four days

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Fundamentals of corporate finance

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