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ABC Company writes 20 checks a day for an average amount of $1,427 each. These checks generally clear the bank in 3days. In addition, the firm generally receives an average of $14,155 a day in checks that are deposited immediately. Deposited funds are available in 2 days. What is the firm's disbursement float?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92824973

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