In a typical month the gulley corporation receives 100, Ask an Expert

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In a typical month, the Gulley Corporation receives 100 checks totaling $123,000. These are delayed two days on average. Assume 30 days in a month.

What is the average daily float? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Average daily float

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92361176

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