Abc company writes 37 checks a day for an average amount of, Ask an Expert

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ABC Company writes 37 checks a day for an average amount of $871 each. These checks generally clear the bank in 5 days. In addition, the firmgenerally receives an average of $6,243 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.:- M92367386

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