Hoyes Lumber generally receives three checks per month. A check for $11,520 clears in 4 days, a

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Hoyes Lumber generally receives three checks per month. A check for $11,520 clears in 4 days, a check for $6,600 clears in 3 days, and a check for $7,810 clears in 2 days. Assuming 30 days in each month, what is the average daily float?

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Accounting Information Systems basic concepts and current issues

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3rd edition

Authors: Robert Hurt

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Posted Date: Feb 25, 2024 04:02 AM

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Hoyes Lumber generally receives three checks per month. A check for $11,520 clears in 4 days, a

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Accounting Information Systems basic concepts and current issues

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