In a typical month, the Saint John Corporation receives 80 cheques totalling $124,000. These are delayed four
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In a typical month, the Saint John Corporation receives 80 cheques totalling $124,000. These are delayed four days on average. What is the average daily float? Assume 30 days in a month.
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781259654756
10th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan, Gordon Roberts, J. Ari Pandes, Thomas Holloway
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