Suppose a hospital writes checks of $ 1 0 0 , 0 0 0 per day and

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Question:

Suppose a hospital writes checks of $

100, 000

per day and it takes, on average, seven days for those to be received and clear the banking system. Furthermore, the hospital receives $

120, 000

in checks daily that take four days to be deposited and credited. What is the hospital

s float?

Posted Date: May 18, 2024 12:17 PM

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Suppose a hospital writes checks of $ 1 0 0 , 0 0 0 per day and

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