Question: Problem 2 7 - 1 Calculating Float In a typical month, the Montrose Corporation receives 8 0 checks totaling $ 1 4 8 , 0

Problem 27-1 Calculating Float
In a typical month, the Montrose Corporation receives 80 checks totaling $148,000. These are delayed four days on average. What is the average daily float? Assume 30 days per month. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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