Brewsters writes 145 checks a day for an average amount of, Ask an Expert

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Brewster's writes 145 checks a day for an average amount of $211 each. These checks generally clear the bank 3.5 days after they are written. In addition, the firm generally receives an average of $48,700 a day in checks. The checks that are received are deposited immediately and the funds are generally available the following day. What is the amount of the firm's disbursement float.

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Category:- Basic Finance
Reference No.:- M9870373

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