Your firm generally receives 3 cheques a month. A month is defined as a 30-day period. The

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Your firm generally receives 3 cheques a month. A month is defined as a 30-day period. The cheque amounts and the collection delay for each cheque are shown below. Given this information, what is the amount of the average daily float?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Sep 09, 2023 08:04 AM

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Your firm generally receives 3 cheques a month. A month is defined as a 30-day period. The

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To calculate the average daily float you need to consider the amount of each cheque and the number o... View the full answer

Income Tax Fundamentals 2013

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