Smelpank, Incorporated estimates that it takes, on average, two days for customers' payments to reach them, four days for the payments to be processed and deposited by their bookkeeping department, and one more day for the check to clear once they are deposited What is the firm's collection float Collection float days Smelpank, Incorporated estimates that it takes, on average, two days for customers' payments to reach them, four days for the payments to be processed and deposited by their bookkeeping department, and one more day for the check to clear once they are deposited What is the firm's collection float

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Question: Smelpank, Incorporated estimates that it takes, on average, two days for customers' payments to reach them, four days for the payments to be processed and

Smelpank, Incorporated estimates that it takes, on average, two days for customers' payments to reach them, four days for the payments to be processed and deposited by their bookkeeping department, and one more day for the check to clear once they are deposited. What is the firm's collection float? Collection float days

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