(Answered) Abc company writes 54 checks a day for an average amount of

Finance

ABC Company writes 54 checks a day for an average amount of $986 each.These checks generally clear the bank in 5 days. In addition, the firm generally receives an average of $11,662 a day in checks that are deposited immediately. Deposited funds are available in 1 days. What is the firm's net float?

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