ABC Inc. processes 5,650 cheques per month. Of these, 70% are for $60 and 30% are for $85. The $60 cheques are delayed two days, on average; the $85 cheques are delayed three days, on average. How much would the firm be willing to pay to eliminate the float?

(Assume 30 days in a month.)

Answer rating: 100% (QA)

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